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Latest In Fasteners
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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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The company reported daily sales up 14.8% versus a year ago based on strength in safety.
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June sales increased 1.9% over the year-ago period.
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The acquisition strengthens the companys presence in the Midwest.
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Profit declined 11%.
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The increase was attributed to sales growth at Bolt Supply, and the inclusion of Screw Products.
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The company signed 5,603 industrial vending devices during the first quarter.
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IPC is a provider of fasteners and related production components to the original equipment manufacturing market.
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Fastener distributor reports strong start to 2019, as January sales reach $446.9 million.
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Fourth-quarter sales reach $1.23 billion; profit rises 11 percent to $168.8 million.
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Endries will continue to be led by CEO Steve Endries.
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Fastener distributor acquires Linquan Precision Co Ltd., Suzhou.
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Sean Baird takes over as president of the association.
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Daily sales rise 12.4 percent, as manufacturing growth slows and construction remains steady.
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Improved productivity plus Bolt Supply acquisition produce strong results, distributor says.
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Location expands the distributor's coverage in Western Canada.
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Audax Private Equity company expands international presence with purchase of UK-based distributor.
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Strong market demand drives distributors growth as quarterly sales hit $1.28 billion.
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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.
