The Michigan-based company says it increased 1Q net sales by 8.5%, with record sales in TriMas' Packaging group.
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Growing demand for supply chain orchestration is ‘driving strong financial performance across our global business,’ CEO says.
The company reported 2022 1Q operating income was $12.1 million compared to operating income of $4.8 million in the prior-year quarter.
The number of mergers and acquisitions in distribution/manufacturing climbed in April after plateauing during the first three months of 2022.
The industrial distributor reported 2022 first-quarter sales of $3.6 billion and operating earnings of $534 million.
The distributor of industrial motion, fluid power, flow control, automation and maintenance supplies had sales that neared $1 billion in the quarter and said April's growth was on a similar trajectory.
Private equity and investment banks are arguably the biggest current drivers of distribution M&A activity. Read the third and final part of MDM’s recent conversation series with executives at leading financial firms behind many of the deals you’ve been reading about.
The truck parts and service distributor says it has acquired the assets of Murray’s Diesel Repair in Shreveport, Louisiana.
South Carolina-based New South Construction Supply, LLC says it signed a letter of intent to acquire American Contractors Supply.
The Chicago-based distributor acquired the assets of DWS Building Supply with two locations in Texas and New Mexico.
In what it called ‘record’ first-quarter results, Graybar reported a 116.5% increase in net income attributable to the company.
The organization says Marisol Fernandez will be returning to the company as president of its Electrical and Industrial Business Unit.
The Wisconsin-based manufacturer reported more than $1 billion in sales and a diluted EPS of $4.00 for the first three months of 2022.
The company's 1Q earnings and subsequent commentary shed light on several other factors driving growth at the MRO parts distributor besides its recent $1.3 billion acquisition of Kaman Distribution Group.
Miami-based HVACR distributor Watsco Inc. reported 34% sales growth to a record $1.52 billion for the first three months of 2022.
How can companies enhance their bottom lines by employing better digital strategies? MDM chatted with Stellar Industrial Supply’s John Wiborg and Mass Ingenuity’s Aaron Howard during a recent webcast to answer this and similar questions facing distributors.
The engineered and applied products manufacturer this past week declared a quarterly cash dividend of $0.04 per share of TriMas Corporation stock.
The water treatment and sustainability provider says its 2022 first-quarter sales were up 15% compared to the same period last year.
The Canada-based logistics provider announced it has acquired the provider of machine learning-based mobile route execution solutions.
The company said net sales for the quarter were 33% above the same period in 2021, while operating income was $235.7 million.
