The board of directors for one of the largest foodservice distributors in the U.S. has decided to separate the roles of CEO and chair.
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WESCO International Inc. reported 2021 fourth-quarter sales of $4.9 billion, a 17.5% increase over the same quarter in 2020.
Genuine Parts Company announced an increase in the regular quarterly cash dividend for the 66th consecutive year.
The company completed its acquisition of the Maryland-based fresh produce distributor in a deal that previously was announced in December.
Supply chain issues and other disruptions are likely to continue, but distributors who leverage data into efficient customer relationship management can succeed in 2022, Brian Friedle says in the latest MDM webcast.
Rhys J. Best will retire upon completion of his term as a director at the annual meeting of the company’s stockholders in May, the company said.
The company’s board approved a 10% increase in its quarterly cash dividend, while multiple leadership changes were also announced.
Over the past year, the Consumer Price Index for All Urban Consumers increased 7.5% before seasonal adjustment, the highest since 1982.
The company added VP of Industrial Sales Benjamin Judd and VP of Government Services Michael Hawn to its senior leadership team.
RBC Bearings Inc. reported fiscal 2022 third-quarter net sales of $267 million, while organic net sales were up 7.6% over last year.
Just 54% of new and existing homes sold between October and December were affordable to families earning the U.S. median income.
SaaS provider Descartes Systems Group announced it acquired NetCHB, a U.S. provider of customs filing solutions.
The foodservice distributor reported fiscal 2022 second-quarter sales of $16.3 billion.
The adjusted Fastener Distributor Index was 52.7, although modest improvement was seen in most metrics, according to the latest analysis.
The deficit was $80.7 billion in December, up $1.4 billion from a revised $79.3 billion in November.
The company says Alan Boeckmann will not stand for re-election at the annual shareholders meeting this May.
Pittsburgh-based Kennametal Inc. says its fiscal 2022 second-quarter sales of $487 million were 10% above the same period last year.
2021 fourth-quarter sales increased 11.3% compared to the prior year, while net income from continuing operations was $68.1 million.
The company reported 2021 fourth-quarter sales of $4.8 billion, up 2% from the same quarter in 2020.
The electronic components distributor reported 2021 4Q sales of $9.02 billion and year-end sales of $34.48 billion.
