However, orders ended the year with strong momentum.
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The product data provider says the metalworking products manufacturer used confidential information to "knock-off" its sales platform.
PMA latest Business Conditions Report shows 35% of surveyed metalforming manufacturers predict an increase in economic activity this quarter.
The company has appointed a new president for its Infrastructure segment to lead strategy and growth initiatives.
The figures showed a decline in sales driven by lower volumes, partially offset by acquisition benefits and a stronger than expected November.
The latest PMA business report shows that metalforming manufacturers remain upbeat toward growth coming into 2025.
Despite orders decreasing month-to-month, October 2024 was 3% above the average value of all Octobers.
The duo will drive growth, optimize sales processes and strengthen customer partnerships across the area.
The PMA report shows that metalforming manufacturers maintain a guarded yet optimistic economic outlook.
September orders expectedly had a boost from the biennial IMTS event, but less than usual.
The results showed a continued slide in year-over-year and sequential sales growth.
Although sales decreased, the full-year gross margin increased by 70 basis points compared to the previous year, reaching 41.2%.
Chem Arrow is a California-based supplier of lubricants to the HVAC market.
Despite slower order placements compared to those placed in 2023, order activity continues to exceed historical levels.
Triple-S expands its presence on the West Coast, adding to its steel product operations.
Heartwood Partners plans to expand Royal Product's reach into new markets, both organically and through strategic add-on acquisitions.
The move adds to Beacon’s more than 570 branches throughout the U.S. and Canada.
Despite mixed messages, there are signs the manufacturing technology industry may be at the beginning of a rebound.
BlackHawk expands its footprint in the Mid-Atlantic market with the deal.
