While down somewhat from its 4Q22 figures, Wesco posted more double-digit sales growth in 1Q despite harsh market headwinds.
Latest In News
Among the new locations are three in Texas, two in Tennessee, one in Puerto Rico and several across the Midwest.
The company's year-over-year daily sales growth accelerated after several months of decline, powered by sales to manufacturing customers.
The decline in sales was primarily driven by a weak housing market that has plagued the building materials and construction industries for the past year.
The central bank lifted rates by a quarter of a percentage point but indicated it may pause further increases.
The acquisition is expected to close in 2023's third quarter.
Norcan is a distributor of fluid power and pneumatic products with eight locations across western Canada.
Southern Janitor will be the first Florida location for BradyIFS.
Home Lumber is GMS's fourth acquisition of 2023.
The industrial distributor's fiscal 3Q sales grew 5% year-over-year.
In 2023, Werner is hosting nearly double the amount safety training events it offered in 2022.
MiddleGround Capital's strategic acquisition of Advantage Metal Products supports another of MiddleGround's recent acquisitions, Megatech.
The Institute for Supply Management’s monthly Purchasing Managers Index (PMI) remained in contraction territory for a sixth straight month in April.
AD members saw their sales increase 6% year-over-year in 2023's first quarter.
Honeywell has acquired Des Moines, Iowa-based Compressor Controls Corporation from Indicor.
Winsupply recognizes its top performing companies in plumbing, HVAC, industrial, electrical, waterworks, pumps, turf irrigation and more.
GDP growth decelerated in 1Q due to a downturn in private inventory investment and a slowdown in nonresidential fixed investment, according to the Bureau of Economic Analysis.
Montratec designs and develops automation and transport systems for interlinking industrial production and logistics processes.
The increase reflected organic sales growth of 10.1% for the Swedish bearings manufacturer.
The industrial automation manufacturer saw explosive sales growth in 2Q compared to 1Q.
