He faces felony charges after conspiring with competitors to fix prices for rebar in the Puerto Rico market.
Latest In Operations
The company’s total 2Q sales fell 3.1% — which improved sequentially from a 6.5% decline in 1Q.
Sales sequentially decelerated in 4Q during what the company cited as challenging market conditions.
DNOW delivered $50 million in EBITDA on 7.9% in 2Q, a subtle increase from the year earlier.
The company's U.S. sales fell 7% year-over-year during 2Q.
Distribution segment volume, price and M&A each increased year-over-year, though volume was less than anticipated.
Year-over-year sales declined by 1.6% after an increase in 1Q sales and organic growth.
Hilman promotes John Micheal Adinolfi to CEO, effective Jan. 1 of next year.
Growth continued to slide across all geographies, product segments and customer end markets.
Net profit declined in 2Q, which the company partly attributed to its ongoing strategic transformation project.
Timken expands further into the automation and robotic solutions field, after acquiring Cone Drive in 2018, Spinea in 2022 and CGI in 2024.
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Beacon said pricing and organic volumes drove about 3% combined sales growth during the quarter.
Rexel reported sales in North America remained flat with some improvement, offset by challenging market activity in Europe.
It’s the latest economic indicator that demand remains subdued in the U.S. manufacturing sector.
The company said customer destocking and the delay of capital projects clearly impacted its 2Q results.
As expected, DSG's organic sales declined compared to a year ago but sequential improvement was driven by increased sales in many end markets.
Parker Hannifin’s divestiture of several businesses in the past three years totals nearly $450 million in annual sales.
Q2 growth driven by DEWALT, Outdoor Products and Engineered Fastening was offset by SBD's divested Infrastructure segment earlier this year.
A healthier residential end market and an increase in average selling price bolstered Watsco’s total 2Q sales to $2.1 billion.
