MDM looks at another round of earnings reports from industrial distributors and manufacturers.
Latest In Earnings
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.
The change includes a 0.7% increase from acquisitions, offset by a negative 0.3% impact from foreign currency translation.
After a strong finish to 2022, Grainger maintained that momentum in 2023’s first quarter, according to its latest earnings report.
KCP sales rose 12% in the company's North America region in 1Q.
Following its record fiscal performance in 2022, Graybar again achieved record sales in 2023's first quarter.
The 6,000 impacted positions are in addition to the downsizing of 2,500 global manufacturing roles that 3M announced in January.
The company reported a 2% increase in sales over the same quarter in 2022 to a 'record' $1.55 billion.
Pool Corp experienced a decline in sales in 1Q 2023 due to seasonally unusual weather in some of its key markets.
The French electrical distributor said total 1Q 2023 sales across the globe increased 12.6% versus the same period last year.
Snap-on's 7.8% sales increase in 3Q was up from 4Q 2022’s year-over-year increase of 4.3%.
Motion, Genuine Parts Company's industrial segment, achieved sales of $2.3 billion in 2023's first quarter.
DXP's 38.6% year-over-year sales growth in 4Q followed 33.8% growth in 3Q.
The distributor said pricing's impact on 1Q sales was roughly half what it was in 2022's third quarter.
Double-digit year-over-year sales and profit gains continued for the distributor, for which eCommerce comprised 62% of quarterly sales.
The St. Louis-based waterworks and industrial supplies distributor posted record sales in its fiscal 2022 that ended in late January.
The electrical products distributor says it also completed 20 acquisitions and welcomed 2,100 new associates in 2022.
Enerpac has reported record gross profit margins and adjusted EBITDA margins since rebranding from Actuant in 2019.
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