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Latest In Electrical
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MDM’s new report, Markets Forecast, offers quarterly revenue projections for the wholesale distribution industry, plus breakouts for select categories, for the current calendar quarter and the next fiscal year. The inaugural Forecast looks at post-pandemic projections for distributors as a whole, plus specific sectors.
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MDM’s quarterly survey in partnership with investment banking firm Baird reveals that distributor revenues decelerated sharply in 2Q but not as bad as feared at the beginning of the pandemic shutdown. One consensus among more than 550 participants: Distributors began rethinking the way they manage talent.
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Electrical distributor makes handful of executive appointments and promotions.
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New location for electrical, HVAC and plumbing branch gives DSG larger footprint, more efficient layout.
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Craig Wiedemeier was previously vice president of operations.
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Patrick Davis will work closely with Victor Jury, Jr, executive chairman, through the transition.
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Brian Brickhouse and Scott Hearn report to Electrical Sector President and COO Uday Yadav
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Sales for the first nine months of the fiscal year were up 7% year-over-year.
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Year-to-date sales increased 0.9 percent year-over-year.
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The electrical product distributor also adds 30 new employees.
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Maryrose Sylvester succeeds Greg Scheu, who will retire at the end of October.
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Richard Freebery will retire as vice president, vendor and new business development after 35 years with the company.
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Profit up 46.4% compared to the same period the previous year.
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Organic sales grew 1%.
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Profit grew 62.2% from the same period in 2018.
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Profit increased 12.7 percent in first quarter.
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Electrical products sales increased 2% year-over-year.
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The Sonepar Group has also reorganized at the regional level.
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Profit was up 7.8% during the quarter.
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Investment Banking Directory
The MDM Investment Banks in Distribution directory is a listing of firms with expertise in the wholesale distribution industry.
