QSC is a manufacturer of large, transformative audio, video and control solutions.
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The replacement tires supplier secured a $250 million financing agreement with a lender group to support its restructuring efforts.
The company reported a slight increase in sales to $1.1 billion, driven by acquisitions, offset by mixed demand trends.
Although sales decreased, the full-year gross margin increased by 70 basis points compared to the previous year, reaching 41.2%.
HCI has formed Driven Distribution Group via acquiring Chicago Parts & Sounds, a distributor of auto parts and accessories.
The company’s 3Q results showed stronger unit sales and digital growth, despite slight decreases in gross and operating margins.
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The new executive will oversee supply chain, manufacturing and operations at the PPE, safety and tools maker.
3M reported a 1.0% year-over-year increase in organic growth.
Rexel posted modest U.S. sales growth, reflecting strong performance in core electrical distribution despite weather-related challenges.
Year-over-year sales and profit continued to slide at Motion, reflecting challenges in the industrial sector.
The tentative agreement omits a traditional pension plan while Boeing contends with workforce reductions and financial restructuring.
The company also announced a cost reduction program that includes cutting 1,800 jobs.
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The new Americas leader is a 28-year Rockwell veteran.
Port operators and the union dockworkers at U.S. East and Gulf Coast reached a tentative labor deal, but the underlying issues remain. NAW's CEO joins the MDM Podcast to talk distribution's response.
The PVF distributor plans to repurchase its preferred stock for around $361 million, and shared its preliminary 3Q24 financial results.
Get a complete breakdown of the distributor's September and 3Q financials, which point to a demand uptick for the industrial supply sector.
The company is evaluating a potential sale after receiving takeover interest, sparking an 8.3% surge in its stock amid market challenges.
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