The company reported that year-over-year 3Q sales increased, but earnings dipped slightly from 2022's second quarter.
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The company also reaffirmed its fiscal 2022 guidance, including comparable sales growth of approximately 3%.
The company reported fiscal 2023 second-quarter net sales of $369.2 million, and increase of 129.4% over last year.
The distributor's 33.8% year-over-year sales increase in 3Q follows a 28.7% annual increase reported in this year's 2Q.
The Canadian industrial distributor says it continued to see overall strength in its backlog, which increased to more than $558 million.
The Sonepar company also said its 500,000-square-foot Central Distribution Center in Katy, Texas, will open by the end of the year.
Third-quarter sales reached $904 million, a 7% sequential increase from the second quarter of 2022 and a 32% improvement over 3Q 2021.
In the first quarter and second quarter of 2022, year-over-year growth topped 36.1% and 24.2%, respectively.
Fastenal’s eCommerce sales represent 17.4% of total company year-to-date sales, the company announced.
Masonite's net income for 2022's third quarter was $57 million, a 51% increase over the same quarter in 2021.
Despite waning growth in non-residential construction markets, total daily sales growth essentially matched September’s.
Lawson Products changed its name to Distribution Solutions Group after merging with TestEquity Gexpro Services in April.
For the nine-month period ending in September, total revenue was $7.4 billion, up sightly versus the same period last year.
Net income attributable to NOW Inc. was $40 million for 2022's third quarter, the company said in an announcement.
Wesco also closed on a previously reported deal to acquire Rahi Systems Holdings, Inc. for $217 million.
The average annual sales growth for the 12 months through September 2022 is 23.5% percent, HARDI announced.
The new DC significantly expands the company'sfootprint in Canada, while its margin and profit dipped in 3Q despite higher sales.
MDM looks at another round of earnings reports from industrial distributors and manufacturers.
Sales increased 26% to $55.8 billion through nine months, the independent distributor organization said.
While sales increased over 3Q 2021, net income decreased to $2.9 billion, or $0.28 per diluted share, Amazon said.
