Consumer prices increased at a slightly higher pace than in June, while core inflation ticked downward.
Posts By Mike Hockett
AFC Industries has burst onto MDM's Top Industrial Distributors scene after several years of frequent acquisitions. We chat with CEO Kevin Godin about how the company has successfully managed all of its recent growth.
Amid growing digital transformation in the industry, maintaining and improving relationships has become more challenging than ever.
It's just CD&R's latest major investment in the B2B distribution space.
We discuss the ins and outs of distributor category management with former MSC Industrial Supply veteran Steve Gettleman, who had advice for how distributors of all kinds can leverage a formal program.
Major organic sales decline and deflation continued to slam the building products distribution giant in 2Q.
Excluding Global's $69 million acquisition of Indoff that closed in May, 2Q sales were down 5.2% year-over-year.
The additions for the plumbing and industrial supplies distribution giant are across three different industries.
Year-to-date construction spending through the first half of the year was up 3.0% vs. 2022.
It's a big week for industrial manufacturer's financial reports. We recap the key figures for six of them here.
For a second straight month, none of the PMI's 10 subindexes registered monthly expansion.
Lower volumes and last year's oil & gas divestiture weighted down on revenue growth, while the company continued to slash inventories.
That geographic segment includes gases and welding products distributor Airgas, which was No. 5 on MDM’s Top Industrial Distributors List.
Amid cooling inflation, that figure is an acceleration from 1Q's 2.0% growth.
The industrial distribution giant's results seemed to outperform the rest of the sector, with a sequential revenue growth slowdown more subdued than what others have reported in this earnings cycle.
The increase follows a one-month pause in June and despite recent sharp declines in wholesale and consumer inflation rates.
Operating margin improved year-over-year across all three key business units, while the pace of organic sales declined.
The industrial parts distributor's profit margin grew 190 bps year-over-year despite sales growth that was less than half that of 1Q.
Despite a sequential slowdown in organic sales growth, the bearings giant was able to accelerate its operating margin growth.
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