Fastenal’s eCommerce sales represent 17.4% of total company year-to-date sales, the company announced.
Latest In Earnings
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.
Sales growth was slower than in 2Q, but Grainger remains on pace to finish 2022 strong.
MDM looks at reports from Stanley Black & Decker, Avnet, Timken, Illinois Tool Works, MSA Safety Incorporated, Caterpillar and Saint-Gobain.
In its fiscal 1Q 2023, Applied Industrial Technologies reported net sales of $1.1 billion and net income of $76.9 million.
MDM looks at third-quarter 2022 earnings reports from Graybar, 3M, Pentair, SKF, Kimberly-Clark and Simpson Manufacturing.
Mike Hockett analyzes the noticeably different levels of optimism in the commentary given by industrial distributors Fastenal and Motion in their third-quarter earnings calls.
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.
