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The unemployment rate was 3.6%, according to the U.S. Bureau of Labor Statistics.
Sales for the fourth quarter were $955.2 million, a 0.3% increase year-over-year.
The acquisition of RV Evans further diversifies LINCs business across customers and end markets, as well as geographically with the combined businesses now serving customers in 30 states.
While this privately held industrial supplier with more than 300 employees may not be a Harvard Business School case study in management structure, the three-brother leadership team has managed to buck the odds of many third-generation businesses by nurturing an entrepreneurial culture in an 85-year-old company. Listen to Doug Ruggles share whats worked to drive growth with a customer-centric solutions approach, with host Tom Gale.
Year-to-date, the goods and services deficit decreased 1.7%.
