Finance Archives - Modern Distribution Management

Huttig Building Products Looking to Increase Shareholder Value

Millwork, building materials and wood products distributor Huttig will evaluate potential strategic alternatives to maximize shareholder value.

October 15, 2021

Operations

8 Strategies to Enhance Your AR Process

Improve efficiencies, reduce overhead and get paid faster with these eight ways to overhaul your accounts receivable (AR) process — which is always critical but especially so now.

September 21, 2020

Sales & Marketing

Pandemic Sales Help Grainger in 2Q, Traditional Product Mix on Upswing

Grainger’s sales dipped 2% last quarter as pandemic-related sales (e.g., PPE) again offset softness in its traditional product line, but non-pandemic sales are showing signs of life.

July 24, 2020

Operations

Anixter and WESCO Complete Market-Shifting Deal: What’s Next?

The largest B2B distribution M&A deal finalized Monday, and it is going to have a big impact on electrical, industrial and datacomm distribution.

June 23, 2020

Finance

3M’s May Sales Down 20%

U.S. sales decrease 22 percent as company continues to deal with uncertainty surrounding the COVID-19 pandemic.

June 15, 2020

Finance

MSC Industrial’s Sales Rise 6.3% in May

The industrial distributor said preliminary fiscal third-quarter sales were $835 million, which would mark a 3.6% decrease from year-ago period.

June 9, 2020

Economic Trends

Huttig Building Products First Quarter Sales Up Nearly 3%

Distributor expects negative impact from COVID-19 to be reflected in second quarter results.

June 9, 2020

Research & Analytics

Safety Sales Surge for Fastenal, Core Business Also Shows Promise

The safety category again stole the show for Fastenal Co. during its May sales report with a 136.3% increase, while the companys fastener business has likely hit the bottom during the COVID-19 disruption and could be on the upswing.

June 8, 2020

Finance

Fastenal’s May Sales Up 4.4%

The company reported daily sales up 14.8% versus a year ago based on strength in safety.

June 4, 2020

Strategy

Did COVID-19 Turn Your Business into an Acquisition Target?

While the COVID-19 pandemic has slowed M&A to a crawl in distribution and most sectors, companies that chose to hunker down rather than innovate during the pandemic could be targeted by savvy strategic and financial buyers once activity resumes.

June 3, 2020

Finance

Descartes Systems Group Sales Up 7% in 1Q

Profit increased 51% to $11 million.

May 28, 2020

Finance

Columbus McKinnon Sales Down 12.6% in Fiscal 2020

Profit increased 40.2% to $59.7 million.

May 27, 2020

Finance

RBC Bearings Sales Up 3.6% in Fiscal 2020

Profit for the year was $126 million, compared to $105 million in 2019.

May 20, 2020

Finance

3M’s April Sales Down 11%

The company withdrew its full-year 2020 outlook on April 28, 2020, due to the uncertain impact of the COVID-19 pandemic and committed to provide monthly updates until it is better able to forecast future performance.

May 14, 2020

Finance

MSC’s Sales Down 10.5% in April

Combined net sales for the fiscal months of March and April (the first two months of the Company's fiscal third quarter) were $565.4 million, a decrease of 7.8% compared to the same period in the prior fiscal year.

May 13, 2020

Finance

Ingersoll-Rand’s Sales Up 29% in First Quarter

The increase was mostly due to the acquisition of Ingersoll-Rand plcs Industrial segment by Gardner Denver Holdings, Inc. in February of 2020.

May 12, 2020

Finance

Foundation Building Materials Sales Up 1.8% in First Quarter

Average daily net sales increased 0.2%.

May 12, 2020

Finance

NN Sales Down 6.3% in 1Q

The company reported a loss for the quarter of $248.2 million, compared to a loss of $19.5 million during the first quarter of 2019.

May 8, 2020

Finance

Allied Motion Sales Down 1.6% in 1Q

The decline reflected lower sales to the Vehicle market, partially offset by growth in Industrial and Medical, which included contributions from Dynamic Controls.