The Cleveland, Ohio-based company also says that full-year sales reached $3.8 billion, up 17.8% over last year.
Latest In Operations
Distribution Solutions Group had its inaugural earnings report following the April 1 merger of Lawson Products, TestEquity and Gexpro Services.
This category can only be viewed by members. To view this category, sign up by purchasing MDM Premium Subscription (monthly) or MDM Premium Subscription (annual).
Major distributors and manufacturers continue to raise their full-year outlook after better-than-expected 2Q results and persistent demand.
The company said it has accepted the resignation of current Chief Financial Officer Kenneth Krause, effective Aug. 26.
As evidenced by the latest round of quarterly earnings reports, some industrial distributors and manufacturers still see year-to-year growth.
Deco Truss is primarily a manufacturer and supplier of structural roof and floor trusses to customers in South Florida and the Caribbean.
The distributor of specialty fasteners said it has finalized its purchase of Star Stainless Screw Company.
The MRO parts distributor said Lisa Solomon has been promoted to senior vice president of corporate accounts.
The online retail giant, which doesn’t break out Amazon Business sales in quarterly earnings reports, said overall net loss was $2 billion in 2Q.
The London-based water treatment and sustainability provider finalized a deal to acquire Manitowoc Ice from Welbilt, Inc.
The opening comes as Southwire expands its business following the acquisition of Topaz Lighting Corp. in December 2021.
Steve Short will lead US LBM’s building materials sourcing and procurement strategy and supply chain operations, the company said.
In the latest earnings reporting period for publicly-traded companies, these distributors and manufacturers reported strong sales figures.
It's part of the toolmaker's plan to save $1.5 billion in three-year cost savings while shifting resources and reprioritizing investments.
The acquisition will allow Envoy Solutions to continue to grow in the Southeast U.S. region, the company said.
The company plans to make its first-ever drone delivery on Aug. 9, on a three-mile flight from one facility to another.
This category can only be viewed by members. To view this category, sign up by purchasing MDM Premium Subscription (monthly) or MDM Premium Subscription (annual).
The company says the facility, located in Cincinnati, Ohio, will increase the company’s capacity by about 200%.
For the second quarter of 2022, Genuine Parts Company reported record sales of $5.6 billion, a 17% increase over the same period a year ago.
