“Disappointing” was how one analyst described the industrial distributor’s gross margin performance (down 290bps) in the period, but such a plunge was all too familiar for many companies in these pandemic-plagued times.
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Industrial distributor Grainger says its fourth-quarter sales were up 3.3% as the company continued to deal with the “challenges and uncertainty” of COVID-19.
MRO distribution giant names Deidra “Dee” Merriwether as CFO and Paige Robbins as SVP and president of the Grainger Business Unit.
Distributor appoints Robert O'Keef to interim CFO following the decision by Tom Okray to step down and join another publicly traded company.
Go behind the scenes of Ferguson and Grainger, learn what’s driving building material M&A, discover the distribution leaders of tomorrow and see what Amazon does better than anyone by checking out MDM’s most-read blogs from last month.
Strategic activity from leading distributors like Ferguson, Grainger and Fastenal led to the most-read blogs of October 2020.
After Grainger posted a moderate improvement in the third quarter, company executives dished on the distributor’s approach to acquiring new customers and how it is bolstering the company. Here's what they shared.
Industrial distributor Grainger says its U.S. segment sales were up 3.1%, outgrowing the U.S. MRO market which declined an estimated 5% to 6%.
Grainger’s sales dipped 2% last quarter as pandemic-related sales (e.g., PPE) again offset softness in its traditional product line, but non-pandemic sales are showing signs of life.
Industrial distributor estimates that MRO market declined 14% to 15% during the quarter even as company gained share in the U.S.
Mergers and acquisitions among distributors and manufacturers picked up last month after an especially slow April and May, due to concerns over the coronavirus.
Company says divestment will help remained focused on profitable growth in key geographies.
Grainger continues investing online, but closes 27 branches.
Sales for the first half of the year increased 2 percent year-over-year.
Company will shift distribution to "value-add channel partner network."
Company proves that wise spending during down times yields return.
U.S. segment sales were flat for the quarter compared to the prior year.
