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Despite the loss, MRC Global posts a 5% sequential revenue increase in Q1 over the previous fourth quarter.
The company also saw net income grow 120.6% compared to 2020; both revenue and profit were records for the electrical distributor.
Profit for the Swedish manufacturer Atlas Copco increased 7% over the prior year.
McDevitt will take the CHRO reins from Harrison, who is departing Beacon later this quarter.
The electrical giant reported profit of $502 million, a 34% improvement when compared to the year-ago period.
Increase in revenues led by 3M’s Safety and Industrial division where total sales were up by 13.7%.
Acquisition of specialty adhesive solutions manufacturer expands Hisco’s national converting and fabrication capabilities.
Burke Herring will be retiring after nearly four decades of service with the electrical distributor.
Greenfield locations will play a key role in SRS Distribution’s expansion plans in 2021.
Manufactured durable goods have increased 10 out of the last 11 months, with February the only decline in nearly a year.
