Operating margin improved year-over-year across all three key business units, while the pace of organic sales declined.
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The industrial parts distributor's profit margin grew 190 bps year-over-year despite sales growth that was less than half that of 1Q.
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"This new chapter in Border States’ recruitment gives us tremendous access to great talent,” said Border States CEO David White.
Baltimore-based electrical distributor Shepherd Electric Supply will give Graybar a "foundation for accelerating growth," officials said.
The strong growth figures suggest that metal-cutting production has not been drastically affected yet by an industrial slowdown.
Cortland is a global designer, manufacturer and supplier of technologically advanced ropes, slings and tethers.
The distributor said the facility will stock drywall, acoustical ceilings, fiberglass insulation and spray foam.
Also known as AZ Partsmaster, the company reportedly had 2022 sales of approximately $155 million.
Kimball Midwest is No. 19 on Selling Power magazine’s 50 Best Companies to Sell For in 2023.
Three of them were named to MDM's 2023 Top Distributors Lists.
Total year-over-year sales growth of 5.9% was a sharp slowdown compared to 1Q, as daily sales slowed in each month during the quarter.
After combatting COVID-19, the ongoing record Canadian wildfire season seems to have pressed the urgency for NYC officials to propose bills that would create new air quality standards.
Applico outlines the most developed B2B vertical in eProcurement, its top SaaS providers and how distributors can take advantage.
Nonresidential construction employment rose by 12,200 positions on net, with positive growth in 2 of the 3 subcategories.
JanSan and foodservice supply distributor Imperial Dade has made its seventh and eighth acquisitions of the year.
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The merger brings independent distributors with almost 100 locations across the U.S. and Canada to AD’s Pipe, Valves & Fittings Division.
The CHIPS and Science Act and the Inflation Reduction Act are linked to the recent rise in construction spending, according to the WSJ.
While overall construction spending rose, nonresidential construction spending decreased for the fist time in nearly a year.
