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Like most companies, Applied was impacted in the period by the COVID-19 crisis and saw fourth-quarter sales fall 17.9% over the same period in 2019.
The industrial distributor said fiscal fourth-quarter sales to date (June and July) were down 14% from the year-ago period.
HD Supply had originally planned to spin off the Construction & Industrial – White Cap business into a separate publicly traded company.
PRI for the week of July 27-31 registers largest increase since March 9 with half of respondents indicating sales growth.
Fourth quarter sales down 7.5% year-over-year for electronics distribution giant Avnet.
The company also reported a third-quarter loss of $6.7 million, compared with a $31 million profit in the year-ago period.
Aaron H. Ravenscroft named president and CEO of crane manufacturer, effective immediately; he replaces Barry L. Pennypacker.
Net income for DXP Enterprises was $2.1 million, compared to $13.4 million in the year-ago period.
The company reported daily sales also up 2.6% versus a year ago based on strength in safety (38% growth).
Year-to-date, the goods and services deficit decreased $23.1 billion, or 7.8%, from the same period in 2019.
