The company's 3Q YoY sales growth of 8.2% was a considerable slowdown from 2Q’s 16.4%, but still considered strong.
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Products manufactured at the campus are typically for original equipment manufacturers (OEM) customers, Avnet said.
This deal marks the seventh acquisition for the company in the past seven years, according to a news release.
The company announced six new branch locations during the month of October.
The proposal would increase the salary threshold for guaranteed overtime pay from its current $35,668 to $55,000.
The company’s sales were $888 million for the third quarter of 2023, which was 2% higher than the second quarter of 2023.
The funding will help the company increase production capacity of its new air compression division through equipment upgrades and physical expansion.
Vizient is the largest provider-driven healthcare performance improvement company in the US.
The company estimated that net sales for the quarter were between $1.822 billion and $1.832 billion.
The agreement cements Aberdeen Dynamics' first-ever acquisition.
The growth was below Fastenal’s benchmark 3.1% rate that the company provided in its 3Q earnings presentation.
Critica is a specialized supplier of maintenance, repair and overhaul (MRO) composite solutions.
The company's 1.9% YoY growth in the third quarter was a significant slowdown from 2Q’s 10.2% growth.
Private branding is a lucrative profit opportunity for many distributors, but success isn't guaranteed. Steve Gettleman outlines five steps that can create a sustainable cycle of private brand growth.
Beacon has expanded its branch footprint through nine acquisitions and the opening of 19 new greenfield locations this year.
It's another big week for industrial manufacturer's financial reports. We recap the key figures for seven of them here.
The distributor's $269 million acquistion of Hisco this spring figures to drive big year-over-year gains through the first half of 2024.
WESCO saw year-over-year growth in its CSS and UBS units, while its largest unit — EES — declined.
On a constant currency basis, sales decreased 7.8% year-over-year and decreased 2.9% sequentially, Avnet said in a news release.
Marietta, Georgia-based building products distributor BlueLinx reported a 24% decrease in sales revenue in the third quarter of 2023.
