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WESCO International Inc. reported 2021 fourth-quarter sales of $4.9 billion, a 17.5% increase over the same quarter in 2020.
Genuine Parts Company announced an increase in the regular quarterly cash dividend for the 66th consecutive year.
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The company completed its acquisition of the Maryland-based fresh produce distributor in a deal that previously was announced in December.
Rhys J. Best will retire upon completion of his term as a director at the annual meeting of the company’s stockholders in May, the company said.
The company’s board approved a 10% increase in its quarterly cash dividend, while multiple leadership changes were also announced.
Over the past year, the Consumer Price Index for All Urban Consumers increased 7.5% before seasonal adjustment, the highest since 1982.
The company added VP of Industrial Sales Benjamin Judd and VP of Government Services Michael Hawn to its senior leadership team.
RBC Bearings Inc. reported fiscal 2022 third-quarter net sales of $267 million, while organic net sales were up 7.6% over last year.
Just 54% of new and existing homes sold between October and December were affordable to families earning the U.S. median income.
