The pumps and pumping equipment maker saw organic revenue growth slow to 4% in 4Q23, while full-year revenue increased 16% vs. 2022.
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The Association for Manufacturing Technology said December’s figures outpoerformed “even the best of expectations.”
North American full-year sales reached nearly $8.9 billion for a 4.0% annual gain. See our in-depth breakdown of Rexel's financials.
The restructuring includes a voluntary retirement offer and "rationalization and optimization" of certain DCs, stores and other facilities.
Overall 4Q and full year profit spiked on a deferred tax benefit, while sales continued low single-digit annual growth.
Boosting Henkel's MRO offerings, Houston-based Seal for Life has about 650 employees and generated $269 million in 2023 revenue.
Meanwhile, gross margin at Resideo's manufacturing business unit saw solid improvement during 4Q23.
However, lower volume driven by deferred activity in the gas utilities sector didn't stop the company from modest full-year growth.
Watsco's 2023 follows two years of record-setting performances and faces softer comparative market conditions.
While 4Q volume fell in certain verticals, Wesco said it saw growth in industrial, utility, data center and network infrastructure.
In a step toward vertical integration, independent industrial distributor B&D Industrial acquired a Michigan-based gear manufacturer.
It further expands DXP’s offering and capabilities in the water and wastewater markets.
Whitco has about 30 employees across eight locations in Louisiana, Texas, New Mexico, Ohio and Pennsylvania.
Company veteran Jean-Marie Maayoufi now leads sales efforts for WALTER's Allegro Industries brand.
Sonia Timmons has been with Vallen since 2007, with the past 5 years as its VP of Financial Planning Analysis.
The results showed a continued slide in year-over-year and sequential sales growth that reflected an industry-wide demand slowdown.
It lets Fastenal meet a broader scope of product needs in the aerospace and defense industry, with a focus on precision-machined parts.
The additions mark Crawford's 62nd and 63rd operational locations in a footprint now stretching across eight southeastern states.
As a Triple S Member, Nova Equipment & Supplies will have access to the SSS brand and its proprietary systems, as well as its programs.
The acquisition of Consolidated Container complements the Mauser portfolio of rigid packaging products and services.
