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B&D Industrial, a founding member of AD Bearings and Power Transmission division, joins second division to enhance presence with industrial and safety product customers.
But year-to-date sales grow 2.6% from same period in 2019 as company posts “record, double-digit sales and profit growth rates in June,” according to Watsco's CEO.
Industrial distributor estimates that MRO market declined 14% to 15% during the quarter even as company gained share in the U.S.
Latest report shows U.S. cutting tool consumption down 4.4% from previous month of April, while year-to-date total is down 18.8% from same period of 2019.
Swiss company also announces the appointment of Theodor Swedjemark, who will join the executive committee of ABB as chief communications officer.
Electrical distributor announces that Layne “Lucky” DeMoss was promoted to branch manager for Conroe facility and TJ Horny will join the Houston branch as sales leader.
New 625,000 square-foot site in the city of El Paso — the second facility coming to Texas in 2021 —will create more than 700 new, full-time jobs.
In lieu of annual conference, which was to take place this October in Atlanta, the organization will offer virtual networking opportunities and resume the live event in 2021.
Company’s profit for the second quarter cut in half to $75.4 million.
Bearing manufacturer sees sales drop 16.6% in first six months of 2020 as soft demand environment hits top-line performance.
