Consolidated sales in 2021’s 4Q decreased 4.3% compared to the prior year, but overall annual sales were up 3.3%.
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Pipes, valves and fittings distributor MRC Global Inc. reported 2021 4Q sales of $686 million, an 18% increase over 2020.
The private equity firm acquired Benoist Brothers Supply Co., a Midwest-based regional distributor of HVAC/R equipment, parts and supplies.
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.
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.
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.
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.
SaaS provider Descartes Systems Group announced it acquired NetCHB, a U.S. provider of customs filing solutions.
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The foodservice distributor reported fiscal 2022 second-quarter sales of $16.3 billion.
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.
The Winona, Minnesota-based distributor reported January 2022 sales of more than $540 million.
