While down somewhat from its 4Q22 figures, Wesco posted more double-digit sales growth in 1Q despite harsh market headwinds.
Latest In Operations
Jon Byrd advises on the costs of various challenges standing in the way of distributors' inventory strategies, and how to overcome them.
Among the new locations are three in Texas, two in Tennessee, one in Puerto Rico and several across the Midwest.
The company's year-over-year daily sales growth accelerated after several months of decline, powered by sales to manufacturing customers.
MDM looks at another round of earnings reports from industrial distributors and manufacturers.
The decline in sales was primarily driven by a weak housing market that has plagued the building materials and construction industries for the past year.
The distributor of rubber sealing products, O-rings, gaskets and associated technical products marks AFC's fourth acquisition in 2023.
The deal will increase Singer Industrial’s North American presence to roughly 85-plus locations with over 1,000 employees.
Daikin Applied's regional service operations will combine with the Carroll Air Systems service team, according to a news release.
The new campus, located in Long Beach, includes an 1,800-square-foot showroom and a 20,000-square-foot warehouse.
The company reported 1Q 2023 gross profit of $98.4 million, down from the $107.8 million reported during the same quarter in 2022.
The industrial distributor's fiscal 3Q sales grew 5% year-over-year.
AD members saw their sales increase 6% year-over-year in 2023's first quarter.
Codale Electric, a Sonepar company, announced the opening of its new Nampa, Idaho, branch location.
MDM reported on 40 acquisitions in April, nearly double the amount reported during a relatively slow period in March.
The earnings call comes two weeks after Amazon said its Business segment was driving $35 billion in annualized gross sales by end of 2022.
MDM looks at another round of earnings reports from industrial distributors and manufacturers.
The increase reflected organic sales growth of 10.1% for the Swedish bearings manufacturer.
Material resource planning has sufficed in distribution for decades, but it's time to invest in technology that will further improve procurement strategies.
The industrial automation manufacturer saw explosive sales growth in 2Q compared to 1Q.
