It was the slowest expansion since June 2020 as prices took a major month-to-month decline while employment posted improvement.
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It's part of the toolmaker's plan to save $1.5 billion in three-year cost savings while shifting resources and reprioritizing investments.
The DPA Buying Group held its annual Buying & Networking Conference in Fort Lauderdale, Florida, which drew more than 500 attendees.
The company is looking to sublet at least 10 million square feet of excess space following its first quarterly loss since 2015.
The St. Louis-based company also reported that fiscal 2021 fourth-quarter net sales were nearly $1.25 billion.
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