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Breaking News in Wholesale Distribution

ITW quarterly revenues down 2%

ITW quarterly revenues down 2%. for the three months ending May 31. Operating revenues consisted of 3 percent growth from acquisitions, offset by a 4 percent decline from base businesses and a 1 percent decrease ...
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Strategic Distribution extends stock repurchase program

Strategic Distribution, Inc., Bensalem, PA, announced that the company's Board of Directors has authorized the extension of its 2001 stock repurchase program by approving the repurchase of up to 500,000 shares of Strategic Distribution Common ...
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May Manufacturing ISM Report On Businessᆴ

Economic activity in the manufacturing sector grew for the fourth consecutive month in May. The overall economy grew for the seventh consecutive month, say the nation's supply executives in the latest Manufacturing ISM Report On ...
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Ingersoll-Rand acquires majority interest in Superay

Ingersoll-Rand Company Limited, Hamilton, Bermuda, a diversified industrial firm, announced May 9th that it has acquired a 51 percent interest in Superay, a manufacturer of tools and related products based in Jintan, China. Terms were ...
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Airgas Reports 18% EPS Growth for Fiscal Fourth Quarter

Airgas, Inc., Radnor, Pa., reported earnings for its fourth quarter and fiscal year ended March 31, 2002.Net earnings for the quarter, excluding certain gains and losses, were $14.4 million or $0.20 per diluted share compared ...
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Prophet 21 reports profitable third quarter

Prophet 21, Inc., Yardley, Pa., a provider of enterprise business technology and service solutions for the durable goods distribution market, announced its financial results for the third quarter of fiscal 2002, reporting a $.32 per ...
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Kennametal delivers on third quarter expectations

Kennametal Inc., Latrobe, Pa., reported May 1st fiscal 2002 third quarter earnings of $0.53 per diluted share, a decrease of 42 percent, compared with earnings of $0.91 ...
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Kennametal to acquire Widia

Kennametal Inc., Latrobe, Pa., announced May 6th that it has signed a definitive agreement to purchase the Widia Group in Europe and India from Milacron Inc. for euro 188 million (approximately $170 million). The acquisition, ...
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Airgas enters into settlement agreement with Praxair

Airgas, Inc., Radnor, Pa., has entered into an agreement with Praxair, Inc. to settle the litigation brought by Praxair against Airgas in July 1996, which alleged tortious interference with Praxair's right of first refusal regarding ...
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Lawson Products announces quarterly results

Lawson Products, Inc., Des Plaines, Ill., reported April 18th record first quarter 2002 net sales of $95,746,000, an increase of 14.5 percent from $83,650,000 recorded in the first quarter of 2001. The increase in net ...
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