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It moved the benchmark interest rate to its lowest mark in 3 years, but the lasting government shutdown prompts caution ahead of the next Fed meeting on Dec. 9-10.
More than one-third of surveyed North American metalforming manufacturers expect weaker economic activity in the next three months, while less than 1 in 5 expect improvement.
It was the fifth consecutive quarter of year-over-year sales growth in Asia for electronic components distributor Avnet, while its Americas sales returned to growth.
It will result in a combined company with about $6.5 billion in annual revenue, more than 160 locations and 6,300 employees.
The distributor said revenue growth was again driven by the company's largest strategic accounts.
Solve continues to roll up bolt-ons to expand its bearings and power transmission offerings.
The new company, called American Water, will serve 4.7 million water and wastewater connections across 17 states.
A former Stanley Black & Decker, Allegion and Jeld-Wen executive is just the third president in the company's 50-year history.
Double-digit sales growth continued alongside strong profitability in a quarter that saw Graybar record several notable achievements.
Pricing's impact was double that of a quarter earlier, while Applied's late 2024 acquisition of Hydradyne continues to drive major growth in the company's Engineered Solutions segment.
