It was the fourth straight month that Fastenal saw its daily sales rate grow by double digits year-over-year, powered by pricing actions in Q2-Q3 of this year.
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Set to jettison its U.K. operations, the MRO distributor lowered its full-year sales outlook but raised margin expectations. Get all the key figures here.
DSG delivered solid organic expansion in its MRO and OEM sectors, while recent acquisitions continue to deliver on top-line growth.
The distributor said revenue growth was again driven by the company's largest strategic accounts.
Current MSC COO Martina McIsaac will succeed Erik Gershwind following his planned retirement after 13 years as CEO.
At Motion, Genuine Parts Company saw year-over-year and sequential sales improvements and end market growth despite continued sluggish demand and “cautious” consumers.
Jahida Nadi has been named MSC Industrial's Senior Vice President of Sales.
It marks a regional exit for Grainger after 10 years in the U.K. and a sharper focus on North America and Japan.
The CEO search process for the heavy equipment and industrial parts distributor is expected to be completed in the first quarter of 2026.
The addition of APSCO complements the pumping solutions and industrial supplies distributor's focus on water and wastewater acquisitions.
The company's August sales report showed that double-digit daily sales growth continued, albeit at a slight deceleration month-to-month. Get a detailed breakdown of the figures here.
The MRO supplies distributor promoted from within for its supply chain VP and northeast customer experience VP positions.
It follows the company’s president succession this past spring.
The company's July report showed its first double-digit year-over-year daily sales growth month since January 2023 and another acceleration. How big a factor pricing played is unclear.
Margins were hampered by tariff-driven LIFO headwinds, though daily sales continued to gain momentum, especially in Endless Assortment. Get a full breakdown of Grainger's 2Q stats.
Four acquisitions in 2024 drove a double-digit sales year-over-year sales increase at Distribution Solutions Group, but underlying organic growth also improved.
The industrial and MRO parts distributor achieved company quarterly records for gross margin and operating profit as revenue improved throughout April-June period.
MSC Industrial Supply named an interim CFO following the pending departure of Kristen Actis-Grande.
DPA said the new space accommodates its growth and enhances operational efficiency.
Fastenal opened a new DC in Utah, replacing its Salt Lake City facility to support regional growth and operations.
