HD Supply Holdings Inc., Atlanta, GA, has completed the acquisition of A.H. Harris Construction Supplies, Hartford, CT. The company promoted Jeremiah George to regional vice president for the Midwest. More.
Motion Industries reported sales for 2017 of $5 billion, up 7.2 percent compared to the previous year. Operating profit increased 14.1 percent to $384.2 million. Fourth-quarter sales were $1.2 billion, an increase of 7.4 percent compared to the same period a year earlier. Operating profit increased 27.2 percent to $103 million. More.
Kaman Corp., Bloomfield, CT, reported sales for 2017 of $1.8 billion, down slightly from the prior year. Profit fell 15.3 percent to $49.8 million. Distribution sales decreased slightly for the year to $1.1 billion. For the fourth quarter, Kaman Corp. sales were $473.9 million, up 9.4 percent year-over-year. Distribution sales rose 2.3 percent in the fourth quarter to $263 million. Profit decreased 8.6 percent to $13.8 million. More.
Bunzl plc, the international distribution and outsourcing group, reported that group revenue for the year increased 16 percent at actual exchange rates to £8.6 billion (US$12 billion). At constant exchange rates, revenue increased by 10 percent compared to 2016. Organic revenue growth increased to 4.3 percent, the highest level since 2006. More.
BlueLinx Holdings Inc., Atlanta, GA, reported sales for 2017 of $1.8 billion, a 3.5 percent decrease from the previous year. The company reported a profit of $63 million for the year, compared to $16.1 million a year ago. Fourth-quarter sales were $433.6 million, an increase of 2.8 percent compared to the same period a year earlier. The company reported a profit of $53.5 million, compared to $10.4 million the same quarter a year ago. More.
Essendant Inc., Deerfield, IL, reported sales for 2017 of $5 billion, down 6.2 percent from 2016. The company reported a loss of $267 million, compared to a profit of $63.9 million in 2016. Fourth-quarter sales decreased 4.5 percent to $1.2 billion. The company reported a loss of $1.5 million, compared to a loss of $2.4 million the same quarter a year ago. More.
Lawson Products Inc., Chicago, IL, reported sales for 2017 of $305.9 million, up 10.6 percent from the previous year. The company reported a profit of $29.7 million for the year, compared to a loss of $1.6 million in 2016. Fourth-quarter sales were $80.6 million, up 19.8 percent from the prior-year period. The company reported a profit for the quarter of $20.2 million, compared to a loss of $4.6 million for the same period a year ago. More.
Foundation Building Materials Inc., Tustin, CA, reported sales for 2017 of $2.1 billion, up 48 percent from 2016. Profit was $82.5 million, up from a loss of $28.4 million. For the fourth quarter, sales totaled $516.8 million, up 11.8 percent from the same period in 2016. Profit was $75.9 million, compared to a loss of $8.8 million the previous year. More.
Builders FirstSource Inc., Dallas, TX, reported sales for 2017 of $7 billion, up 10.5 percent from 2016. Profit was $38.8 million, down from $144.3 million the previous year. The company reported fourth quarter sales of $1.8 billion, up 15 percent from the same period in 2016. The company reported a loss of $42.7 million for the quarter. More.
SRS Distribution, McKinney, TX, a roofing distribution holding company, has opened three new greenfield locations in Grand Rapids, MI, Middletown, OH, and North Sacramento, CA. More.
Electronic components distributor TTI Inc., Fort Worth, TX, has announced plans to establish a focused Mil-Aero business segment. More.
Wholesale electrical product and solution supplier Border States Electric will open two branches in Washington and Idaho. More.
Crescent Electric Supply, East Dubuque, IL, has named Joe McDermott as regional vice president. More.
Janitorial supply distributor Brady Industries LLC, Las Vegas, NV, has named Scott Schleifman to the newly created position of corporate director of supply chain management More.
Kimball Midwest, Columbus, OH, has promoted Chas McCurdy to chief sales officer. The company has also promoted Patrick McCurdy III to vice president of sales. More.
Anixter International Inc., Glenview, IL, has appointed William Galvin will become president and CEO. Galvin succeeds Robert Eck who will retire in June, 2018. More.
SUPERVALU Inc., Minneapolis, MN, has named Rob Woseth as executive vice president and CFO. More.
The Conference Board Consumer Confidence Index increased in February, following a modest increase in January, according to the latest report from The Conference Board. The Index now stands at 130.8, up from 124.3 in January. The Present Situation Index increased from 154.7 to 162.4, while the Expectations Index improved from 104 last month to 109.7 this month. More.
Real gross domestic product increased at an annual rate of 2.5 percent in the fourth quarter of 2017, according to the “second” estimate released by the Bureau of Economic Analysis. In the third quarter, real GDP increased 3.2 percent. More.
The Chicago Fed National Activity Index (CFNAI) ticked down to +0.12 in January from +0.14 in December. Two of the four broad categories of indicators that make up the index decreased from December, and two of the four categories made negative contributions to the index in January. The index’s three-month moving average, CFNAI-MA3, decreased to +0.17 in January from +0.43 in December. More.
The Conference Board Leading Economic Index for the U.S. increased 1 percent in January to 108.1, following a 0.6 percent increase in December, and a 0.4 percent increase in November. More.
Construction spending during January 2018 was estimated at a seasonally adjusted annual rate of $1,262.8 billion, nearly the same as the revised December estimate. The January figure is 3.2 percent above the January 2017 estimate. More.
Economic activity in the manufacturing sector expanded in February, and the overall economy grew for the 106th consecutive month, say the nation’s supply executives in the latest Manufacturing ISM Report On Business. The February PMI registered 60.8 percent, an increase of 1.7 percentage points from the January reading of 59.1 percent. More.
Canadian investment in new housing construction totaled C$4.7 billion (US$3.7 billion) in December, up 10 percent compared with December 2016. More.
Prices for products sold by Canadian manufacturers, as measured by the Industrial Product Price Index (IPPI), rose 0.3 percent in January, mainly due to higher prices for energy and petroleum products. Prices for raw materials purchased by Canadian manufacturers, as measured by the Raw Materials Price Index (RMPI), increased 3.3 percent, primarily as a result of higher prices for crude energy products. More.
The third quarter 2017 Sales History & Outlook Report released by the Power Transmission Distributors Association showed that PTDA distributors total sales increased 4.2 percent in the third quarter compared to a year ago. More.
Saint-Gobain’s Performance Plastics business has acquired HyComp LLC, Cleveland, OH. More.
Atlas Copco has acquired Walker Filtration Ltd. More.
Encore Wire Corp., McKinney, TX, reported sales for 2017 of $1.2 billion, an increase of 23.8 percent from the previous year. Profit increased 98.2 percent to $67 million. Fourth-quarter sales were $301.3 million, an increase of 25.9 percent. Profit was $28.5 million, compared to $11.4 million in the fourth quarter of 2016. More.
Fluor Corp., Irving, TX, reported sales for 2017 of $19.5 billion, an increase of 2.6 percent from last year. Profit decreased 32 percent to $191.4 million. Fourth-quarter sales were $5 billion, an increase of less than 1 percent. The company reported a profit of $60.3 million for the quarter, down 14.5 percent. More.
Saint-Gobain reported sales for 2017 of €40.8 billion (US$50.3 billion), up 4.4 percent from 2016. Profit increased 19.5 percent to €1.6 billion (US$2 billion) from the previous year. Fourth-quarter sales were €10.2 billion (US$12.6 billion), an increase of 4.6 percent. More.
General Cable Corp., Highland Heights, KY, reported sales for 2017 of $3.8 billion, a decrease of 0.5 percent from 2016. The company reported a loss of $56.6 million in 2017, compared to a loss of $93.8 million in the previous year. More.
TriMas Corp., Bloomfield Hills, MI, reported sales for 2017 of $817.7 million, a 3 percent increase from the previous year. The company reported a profit of $31 million, compared with a loss of $39.8 million in 2016. More.
Webco Industries Inc., Sand Springs, OK, reported sales for the fiscal second quarter of $111 million, a 21.1 percent increase year-over-year. The company reported a profit of $8.4 million, up from $2.2 million the same quarter a year ago. More.
Continental Building Products Inc., Herndon, VA, a manufacturer of gypsum wallboard and finishing products, reported sales for 2017 of $489.2 million, an increase of 6 percent from the previous year. Profit was $59.8 million, up 35.9 percent from 2016. More.
AMETEK Inc., Berwyn, PA, has named Mark Scheuer as vice president, environmental, health & safety. Scheuer currently serves as director, corporate compliance. More.
Louisiana-Pacific Corp., Nashville, TN, has named Timothy Mann Jr. as executive vice president, general counsel and corporate secretary. More.