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Building materials distributor BlueLinx Holdings also reported a profit of $55.1 million for the quarter.
Phoenix-based electronics distribution giant Avnet reports a loss of $18.9 million in the fiscal first quarter.
Excluding an outlier, the overall sales change is still positive but at 1.3%.
Arrow reports that global sales of electronic components and solutions increased 5% to 5.3 billion.
For the first nine months of 2020, sales at the Chicago-based MRO distributor Lawson Products slipped 10.2%.
The U.S. Census Bureau this week released advance indicators showing that the international trade deficit and wholesale inventories both decreased in September.
Landscape supply distributor SiteOne Landscape Supply Inc. also saw net income increase 39% to $48.2 million as the company benefited from two acquisitions during the quarter.
Tough times continued for Applied Industrial Technologies in the company’s fiscal first quarter; the company’s sales dipped 12.7% and profit fell 10.3%.
Systemax, the parent of Global Industrial, reported profit nearly doubled to $24.1 million as the company notched all-time highs in quarterly operating profit and operating margin.
Bearings manufacturer sees sales drop 14.7% in first nine months of 2020 as soft demand environment continued to hit the company’s top-line performance.
