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Federal investigators also found the company made workers use their personal vehicles for deliveries and did not pay them when they did.
Operating margin improved year-over-year across all three key business units, while the pace of organic sales declined.
Lon Jennings will succeed David Parks as Hydradyne President. Parks will retire after 44 years with the company.
UPS and the union representing over 340,000 UPS delivery and warehouse logistics workers will resume labor negotiations after being stalled.
The industrial parts distributor's profit margin grew 190 bps year-over-year despite sales growth that was less than half that of 1Q.
Specialty chemicals and ingredients distributor LBB Specialties will consolidate its business divisions under one brand.
Billows Electric joins Sonepar with 19 branch locations and over 285 associates, according to a Sonepar news release.
The latest branch to open is located on 96th Street in Indianapolis. with a grand opening planned for later this summer.
Lockmasters provides proprietary products, educational training and distribution of third-party combination locks, tools and hardware.
Despite a sequential slowdown in organic sales growth, the bearings giant was able to accelerate its operating margin growth.