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Though the figures were a positive sign for manufacturing momentum, ISM survey commentary acknowledged that January is a reorder month and likely was influenced by buyers trying to get ahead of expected price increases.
The news comes just a few days after the bankrupt auto parts supplier said it would wind down operations at several of its key brands.
We break down the latest key figures out of the Census Bureau’s November report that showed a solid monthly rebound in factory orders - largely driven by nondefense aircraft.
George Vorwick is a 25-year company veteran and has been CEO since 2009.
Eaton announced plans to spin off its Mobility Group into a standalone public company, sharpening its focus on electrical and aerospace markets.
The bankrupt company said it has begun winding down parts of the business as part of its Chapter 11 restructuring, while continuing to operate and seek buyers for its remaining units.
The hold comes despite pressure from President Donald Trump and the greater administration that includes the Justice Department opening a criminal investigation into Fed Chair Jerome Powell.
The move diversifies Britton Lumber's business into packaging and strengthens its presence in Massachusetts, Rhode Island and Connecticut.
It was the sixth consecutive quarter of year-over-year sales growth in Asia for the electronic components distributor.
AIT added a like distributor with about $20 million in annual revenue, while encouraging financials led to raising the lower end of the company's guidance.
