In its fiscal 1Q 2023, Applied Industrial Technologies reported net sales of $1.1 billion and net income of $76.9 million.
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The expansion will double the paint and coating manufacturer's existing workforce in Statesville, North Carolina.
Vin Zachariah will be responsible for process improvement across the company and developing execution strategies to drive scale and growth.
The fasteners manufacturer and distributor said the policy serves to enhance existing regional practices.
The new 105,000 square-foot facility features 55,000 more square feet over the old location, Motion said.
MDM looks at third-quarter 2022 earnings reports from Graybar, 3M, Pentair, SKF, Kimberly-Clark and Simpson Manufacturing.
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The increase in shipping rates comes amid a slew of changes for UPS in 2023.
Texas-based truck and trailer parts distributor FleetPride announced its eighth acquisition of 2022.
The company recently celebrated its first location in the Martinsville area.
The report builds off of Turtle's first ESG report published in 2021.
The deal expands Ewing’s footprint into the Richmond, Virginia, market and opens the supplier’s second location in the state.
The companies reported strong third-quarter figures, with Watsco and Pool Corp breaking sales records and Snap-On topping $1.1 billion.
Sales growth at Motion Industries narrowly outpaced that of 2Q, with organic sales driving the majority of it, alongside a continued boost from Kaman Distribution Group.
The metalworking and MRO supplies distributor's fiscal year ended Sept. 3, and its strong momentum bodes well for the greater industrial supplies market.
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It’s designed to connect skilled tradespeople to hiring trades professionals in the construction and home improvement industries.
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Lincoln Electric said the addition will accelerate its Lincoln’s Higher Standard 2025 strategic goal of achieving $1 billion in automation sales.
Industrial Supply said the new facility has more than double the amount of space the company had in its previous location.
