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Company’s profit for the second quarter also spiked, growing 31.7% to $99.3 million.
The manufacturer reported a strong second quarter, as profit almost doubled to $1.7 billion.
The Swiss company also reported that its profit grew to $752 million from $319 million in the period.
Second quarter growth exceeds low-double digit outlook, but supply chains and the labor market are concerns.
Despite the challenges around inflation and supply chain, many distributors are focused on improving talent management.
The second quarter's data issue brings similar results from the start of 2021: Optimistic growth numbers coupled with some troubling signs in inventory and inflation. Read the July 25 MDM Premium for complete details on how 2Q21 went down and where distributors are focused for the remainder of the year.
In addition to setting a revenue record of $1.8 billion, the pool supply distributor saw profit increase nearly 65% for the quarter.
With the addition of the Springfield, Illinois-based distributor, Sonepar is expanding its footprint in the Midwest.
Year-to-date sales grow 26.3% from same period in 2020 as company delivers a “blowout” quarter, said the distributor’s CEO.
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