Palmer-Donavin CEO: Inventory is King
Palmer-Donavin’s Robyn Pollina talks about the importance of supplier relationships in the face of unprecedented demand for the company’s building products.
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Trane reported bookings of $4.4 billion in the second quarter, which was a 34% increase year-over-year.
NOW Inc. also narrowed its loss in the period, signaling a rebound for the industrial distributor, which had been hit especially hard by the pandemic.
Global Industrial Co. reported profit grew 37.9% to $21.1 million as the company another strong period.
AmerisourceBergen said the increase was largely driven by a 13.2% surge in the company’s Pharmaceutical Distribution Services revenue.
SiteOne’s net income increased by 56% year-over-year to $123 million in 2Q while gross profit increased 36% to $388.2 million.
Building materials distributor BlueLinx Holdings also reported a profit of $113.5 million for the quarter.
W.W. Grainger Chairman and CEO D.G. Macpherson provided insight on how his company continues to evolve in the face of a shifting landscape.
Second quarter Electronic Instruments Group sales were a record $934 million, up 44% compared to last year's second quarter.
In the second quarter, Owens & Minor posted net income $65.9 million compared to a net loss of $55 million last year.
The company in May announced it was selling the division to CentroMotion for $375 million.
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