Among other cuts, the company says it is reducing flights and closing 90 office locations after projecting major revenue shortfalls.
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The St. Louis-based company said fiscal 2022 second-quarter sales rose to $1.86 billion for the period ending July 31.
MDM reported more than two-dozen mergers and acquisitions during the month of August. Read about them all here.
An expert says lawsuits filed by veterans who blame hearing issues on defective earplugs could bankrupt the company, but 3M calls the interpretation ‘flawed speculation,’ according to Bloomberg.
The company announced that Leigh Dobbs has been named chief human resources officer, effective Sept. 6.
The home improvement company also reported 2022 second-quarter earnings of $3 billion, in line with prior-year results.
The electromagnetic components manufacturer said Ken May has been named corporate vice president and chief technology officer.
The association says it has hired ABB Optical Group and DHL executive Bart Tessel as chief innovation officer.
The home improvement company said its year-over-year second-quarter sales increased 6.5%, or $2.7 billion.
The Dublin, Ohio-based company also reported fiscal 2022 fourth-quarter revenue of $47.1 billion, an 11% annual increase.
LDR Growth Partners says it has acquired Cincinnati Radiator Inc. and Ohio Heat Transfer Ltd.
The Phoenix-based global technology solutions provider also reported fiscal 2022 4Q sales of $6.4 billion.
The Cleveland, Ohio-based company also says that full-year sales reached $3.8 billion, up 17.8% over last year.
The company said it has accepted the resignation of current Chief Financial Officer Kenneth Krause, effective Aug. 26.
Heating, Air-conditioning & Refrigeration Distributors International released its monthly TRENDS report reflecting the month of June.
Deco Truss is primarily a manufacturer and supplier of structural roof and floor trusses to customers in South Florida and the Caribbean.
The independent distributor organization says total member sales in the first six months of 2022 were $36.1 billion.
The MRO parts distributor said Lisa Solomon has been promoted to senior vice president of corporate accounts.
Following a period that reenergized the pace of M&A activity, deals involving packaging companies and international entities kept a brisk pace.
The online retail giant, which doesn’t break out Amazon Business sales in quarterly earnings reports, said overall net loss was $2 billion in 2Q.
