For the sixth consecutive year, an intersection in New Jersey topped the list as the worst truck bottleneck in the U.S.Â
Latest In Operations
North American full-year sales reached nearly $8.9 billion for a 4.0% annual gain. See our in-depth breakdown of Rexel's financials.
The restructuring includes a voluntary retirement offer and "rationalization and optimization" of certain DCs, stores and other facilities.
Overall 4Q and full year profit spiked on a deferred tax benefit, while sales continued low single-digit annual growth.
Meanwhile, gross margin at Resideo's manufacturing business unit saw solid improvement during 4Q23.
However, lower volume driven by deferred activity in the gas utilities sector didn't stop the company from modest full-year growth.
Watsco's 2023 follows two years of record-setting performances and faces softer comparative market conditions.
While 4Q volume fell in certain verticals, Wesco said it saw growth in industrial, utility, data center and network infrastructure.
In a step toward vertical integration, independent industrial distributor B&D Industrial acquired a Michigan-based gear manufacturer.
The portable and power products maker has added Macromatic Industrial Controls (Waukesha, WI) and Primax Technologies (Point-Claire, Quebec).
Full-year 2023 total sales were $4.73 billion, up 5.3% from 2022.
The manufacturers say the deal will create a scalable growth platform that expands Owens Corning’s addressable market to $27 billion.
The results showed a continued slide in year-over-year and sequential sales growth that reflected an industry-wide demand slowdown.
It lets Fastenal meet a broader scope of product needs in the aerospace and defense industry, with a focus on precision-machined parts.
The acquisition of Consolidated Container complements the Mauser portfolio of rigid packaging products and services.
The Senate bill requests $60.1 billion for Ukraine aid, $14.1 billion for Israel and $20.2 billion to improve security at the U.S. border.
The company saw a sharp deceleration in daily sales, hampered by weather impacts during the month.
The alignment of electrical manufacturing reps BLH and JD Martin brings new products and manufacturing partners to existing and new markets.
The figures reflected a broader industrial supply demand slowdown, though Grainger's 4Q growth deceleration was less than most public firms that have reported so far. Get our full breakdown here.
SBD's Tools & Outdoor segment drove the overall margin improvement, as Industrial dipped slightly.
