The PMA report shows that metalforming manufacturers are approaching the next months with caution, due to economic uncertainty.
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Ascent specializes in data center facility and property management, offering solutions for data center operations in the U.S. and Canada.
The PMI reported the seventh consecutive month of contraction, amid weak demand and cautious investment.
AD added 115 new members in the first nine months of the year, which doesn't include the influx of members from the IMARK Electrical merger.
Optimum was a top customer whose contract expired at the end of June. Excluding that, 1Q sales saw double-digit annual growth.
The company raised its outlook for operating margins, driven by strong performance in its Aerospace Systems segment.
Acquisitions earlier in 2024 and prior accounted for a healthy annual sales gain, emphasizing the strategic expansion of its customer base.
Sterling Heights, MI-based D.F. Burnham is a distributor of hydraulic and pneumatic components.
The company's WIS unit sale earlier this year drove most of its overall sales decline, while its CSS segment powered narrow organic growth.
The company cited a persistent “broader ecosystem inventory correction” causing a challenging market.
The organic gain outperformed compared to other industrial distributors in the July-September period.
Beacon set a company record for quarterly sales, with acquisitions largely driving year-over-year growth.
The company is set to enhance its presence in Louisiana with a new facility that is expected to create around 20 jobs.
It decelerated from 2Q, reflecting a downturn in private inventory investment and residential fixed investment.
The company reported volume growth in key specialty product categories, while price deflation impacted overall sales.
The company is anticipating a negative impact on sales from hurricanes Helene and Milton in its fourth quarter.
Sales in both its Electronic Components and Farnell business units declined by double digits.
The new facility is set to offer specialized handling for sensitive products available by early 2025.
The company attributed its decline in sales to a challenging demand environment and continued softness in its core customer base.
These reports deliver a wealth of wholesale distribution economic metrics and dealmaking analysis covering July-September.
