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In The News:

Breaking News in Wholesale Distribution

Manufacturing Sector Expanded in July

The July PMI registered 51.2%, a decrease of 0.5% from the June reading of 51.7%.
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AD Member Sales Up 15% in First Half of 2019

Member sales, across 12 AD divisions in 9 industries, totaling $23 billion through the first six months of the year.
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WESCO’s Q2 Sales Up 2.2%

Organic sales for the second quarter of 2019 grew by 1.9%.
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Hillenbrand Sales Grow 2% in Third Quarter

In July, the company agreed to acquire privately held Coperion Capital GmbH.
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Kaman Distribution Down 2.2% in 2Q

The company announced the sale of its distribution segment during the second quarter.
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Watsco Agrees to Acquire Peirce-Phelps

Peirce-Phelps will operate as a separate business of Carrier Enterprise, a joint venture between Watsco and Carrier Corp.
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Ferguson Acquires Action Plumbing Supply and Innovative Soil Solutions

The acquisitions will expand Ferguson’s reach in Florida and Texas.
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HARDI Distributors Report 2.8% Revenue Decrease in June

Annualized growth through June was 9%.
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Timken’s Sales up 10.3% in 2Q

The increase was primarily driven by the benefit of acquisitions and organic growth in the Process Industries segment.
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Rexel Sales Up 3.3% in Second Quarter

For the first six months, total group sales were up 3.7% to €6.8 billion (US$7.6 billion).
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