The hardware and industrial supplies distributor is consolidating Cincinnati-area operations into a new Forest Park facility that includes room for future expansion.
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It was the company's 11th straight month of double-digit daily sales growth year-over-year as nearly every key sales metric improved sequentially. We provide a full breakdown of Fastenal's May sales numbers here and the context around them.
Minnesota-based CPM is a manufacturer of processing equipment used in oilseed and animal feed production, while North Carolina-based MW Components makes fasteners, springs and precision metal components.
The MRO and metalworking supplies distributor has created a new customer acquisition and business development structure as it looks to accelerate organic growth and sharpen focus across both new and existing customer relationships.
It marks the 16 location overall and second in Illinois for the fasteners and industrial supplies distributor.
Sales and margin growth well-exceeded the market's expectations and that of Grainger itself, with the company attributing it to both pricing and volume.
It was the company's 10th straight month of double-digit daily sales grwoth year-over-year and its best month since August 2022 in the height of post-COVID market recovery. We give a full breakdown of Fastenal's April sales metrics here and the context around them.
Ferguson posts margin expansion and profit growth in its fiscal first quarter, even as residential end markets remained challenged.
SK adds a like single-location distributor to grow its capabilities in the U.S. Northeast.
GPC’s industrial segment delivered strong 1Q growth — outpacing automotive — as the company advances plans to split its businesses into standalone public entities by early 2027.
Acquired from Madsen & Howell, it's A&M's largest addition to-date, and comes on the heels of it launching a new eCommerce website in March.
Pricing is still playing a large — albeit decelerated role — in the company’s strong results, while management was upbeat on underlying demand. Get our in-depth breakdown of Fastenal’s 1Q metrics.
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All were promoted from other roles within the electrical and industrial supplies distributor.
AFC launched its Aerospace & Defense business unit this past fall.
They are the third and fourth acquisitions for ORS since it partnered with Wynnchurch Capital in August 2024, and ORS' CEO called the announcement "the most exciting day in company history."
Fastenal reported a strong February that saw the company's best daily sales growth since October 2022 despite a downstep for its top national accounts.
As Chief Commercial Officer Ryan Esposito will oversee commercial strategy across Global Sales and Category Management.
The decline was driven by lower sales in Central Canada and followed a flat 4Q for that business segment, while Wajax's annual revenue saw a modest increase.
