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Net sales in 2Q 2023 decreased 3.6% to $380.0 million, compared to $394.1 million in the prior-year quarter.
Jim and Peter Fitzpatrick, who have owned the company for over 30 years, will retain material ownership stakes.
This vehicle will allow for Frontenac’s continued investment in MCE and is expected to fuel the company’s next phase of growth.
The company announced its 2Q earnings one day after saying it would be acquired by Clayton, Dubilier & Rice for $2.3B.
Almost 200 people from AD member and service provider companies across various industries and multiple countries gathered in St. Louis.
The company is holding a series of events to honor its 100th anniversary throughout 2023.
The annual sales growth for the 12 months through June 2023 is 6.3% percent, according to HARDI's monthly report.
OSHA alleges the company failed to use established controls to ensure that injured employees received proper medical care.
The year-over-year growth was down from the 19% reported during the company's 2023 first quarter.
Dakota Fluid Power will increase Singer Industrial’s North America footprint to approximately 85+ locations with over 1,200 employees.
