During the quarter, operating income more than tripled and adjusted EBITDA increased by $8.4 million, or nearly 27%.
Posts By Mark Powell
It's a big week for industrial manufacturer's financial reports. We recap the key figures for four of them here.
The company says net sales for 2023's second quarter were $816 million, a decrease of $423 million from last year.
Rancho has grown into a successful enterprise that provides customers with JanSan, foodservice and packaging products and services.
The program caters to professionals in the construction and industrial space and will take place March 12-14, 2024.
DuPont announced the acquisition during its 2023 second-quarter earnings call on Aug. 2.
RENO Hardware and Supply's locations in Riverside, Burbank and Signal Hill will become part of the White Cap suite of brands.
Member sales in the first six months of 2023 reached a new record of $37.8 billion across 14 divisions and three countries.
After a rollercoaster first half to start 2023, mergers and acquisitions seem to have leveled off to begin the second half.
The company's 2023 second quarter included one new acquisition and the naming of a new Chief Strategy Officer.
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Year-over-year sales growth slowed to 2% in the second quarter, but operating margin increased to 20.6%, according to an earnings report.
The company also has named Bill Withers as Business Development Manager of its Northeast Region.
Sales within the company's Performance Coatings Group increased 0.3% during the quarter.
The company reduced its total global workforce by 10% this year as 'demand for consumer electronics waned,' Reuters reported.
A tentative 5-year deal has been reached with UPS's 340,000-member union, likely averting a nationwide strike. See our full recap of the deal and the contingency plans several distributors had prepared.
Under the terms of the agreement, KKR will acquire all outstanding shares of Chase common stock for $127.50 per share in cash.
Lowe's says the new option will improve customers' omnichannel experience, with fast and convenient delivery in 'a matter of hours.'
This facility is designed to help manufacturers, retailers and warranty administrators dramatically extend product lifecycle and value.
Inconsistent, sluggish revenue numbers dogged some distributors during the second quarter, according to the latest Baird-MDM survey.
