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Winsupply Appoints Two Executives
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https://www.mdm.com/news/leadership/winsupply-appoints-two-executives/#respond">Leave a Comment
/ Leadership, Read First (Leadership) / By
Eric Smith
Dayton, Ohio-based distributor Winsupply names Jeff Dice president, Equity Group, and Chris Schrameck, VP, information technology.
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Advance Report: New Orders for Durable Goods Grew 7.3% in June
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https://www.mdm.com/news/research/advance-report-new-orders-for-durable-goods-grew-7-3-in-june/#respond">Leave a Comment
/ Research & Analytics, Read First (Research & Analytics) / By
Eric Smith
Increase of manufactured durable goods is second in a row following the double-digit growth in May, which had been preceded by two decreases during the height of the coronavirus crisis.
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LINC Systems Acquires Active Sales Co.
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https://www.mdm.com/news/operations/linc-systems-acquires-active-sales-co/#respond">Leave a Comment
/ Operations, Read First (Operations) / By
Eric Smith
Industrial fastener and packaging distributor LINC Systems, a platform of private equity firm Center Rock, adds California company to portfolio.
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IRCG Weekly Pandemic Revenue Index Down Again but Leveling Off
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https://www.mdm.com/news/research/ircg-weekly-pandemic-revenue-index-down-again-but-leveling-off/#respond">Leave a Comment
/ Research & Analytics, Read First (Research & Analytics) / By
Eric Smith
PRI moderates into the mid-single digits with three participants posting revenue gains during the week of July 13-17.
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B&D Industrial Joins AD Industrial and Safety Division
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https://www.mdm.com/news/operations/bd-industrial-joins-ad-industrial-and-safety-division/#respond">Leave a Comment
/ Operations, Read First (Operations) / By
Eric Smith
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.
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Watsco Sales Decline 1.2% in 2Q
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https://www.mdm.com/news/operations/watsco-sales-decline-1-2-in-2q/#respond">Leave a Comment
/ Operations, Read First (Operations), Earnings / By
Eric Smith
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.
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Grainger’s Q2 Sales Dip 2% as MRO Market Suffers
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https://www.mdm.com/news/operations/graingers-q2-sales-dip-2-as-mro-market-suffers/#respond">Leave a Comment
/ Operations, Read First (Operations), Earnings / By
Eric Smith
Industrial distributor estimates that MRO market declined 14% to 15% during the quarter even as company gained share in the U.S.
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U.S. Cutting Tool Consumption Drops 36% in May
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https://www.mdm.com/news/research/u-s-cutting-tool-consumption-drops-36-in-may/#respond">Leave a Comment
/ Research & Analytics, Read First (Research & Analytics) / By
Eric Smith
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.
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ABB Sales Down 14% in 2Q
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https://www.mdm.com/news/operations/abb-sales-down-14-in-2q/#respond">Leave a Comment
/ Operations, Read First (Operations) / By
Eric Smith
Swiss company also announces the appointment of Theodor Swedjemark, who will join the executive committee of ABB as chief communications officer.
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Crawford Appoints Two Leaders in Texas Gulf Coast Region
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https://www.mdm.com/news/leadership/crawford-appoints-two-leaders-in-texas-gulf-coast-region/#respond">Leave a Comment
/ Leadership, Read First (Leadership) / By
Eric Smith
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.
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Amazon to Build Another Fulfillment Center in Texas
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https://www.mdm.com/news/operations/amazon-to-build-another-fulfillment-center-in-texas/#respond">Leave a Comment
/ Operations, Read First (Operations) / By
Eric Smith
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.
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PTDA Cancels In-Person Industry Summit
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https://www.mdm.com/news/research/ptda-cancels-in-person-industry-summit/#respond">Leave a Comment
/ Research & Analytics, Read First (Research & Analytics), Association News / By
Eric Smith
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.
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Carlisle Cos. Sales Down 22.1% in 2Q
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https://www.mdm.com/news/operations/carlisle-cos-sales-down-22-1-in-2q/#respond">Leave a Comment
/ Operations, Read First (Operations) / By
Eric Smith
Company’s profit for the second quarter cut in half to $75.4 million.
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SKF Sales Sink 25% in 2Q
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https://www.mdm.com/news/operations/skf-sales-sink-25-in-2q/#respond">Leave a Comment
/ Operations, Read First (Operations) / By
Eric Smith
Bearing manufacturer sees sales drop 16.6% in first six months of 2020 as soft demand environment hits top-line performance.
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Kaman Distribution Group Announces New Executive Appointments
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https://www.mdm.com/news/leadership/kaman-distribution-group-announces-new-executive-appointments/#respond">Leave a Comment
/ Leadership, Read First (Leadership) / By
Eric Smith
PT and bearings distributor names Stephen Martin as vice president – general counsel and John Crawford as vice president of human resources.
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Brady Acquires Campbell Paper
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https://www.mdm.com/news/operations/brady-acquires-campbell-paper/#respond">Leave a Comment
/ Operations, Read First (Operations) / By
Eric Smith
Addition of Fort Worth-based janitorial, packaging and office supply distributor will enhance and expand Brady’s footprint in Texas.
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Chicago Fed National Activity Index Rises to +4.11 in June
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https://www.mdm.com/news/research/chicago-fed-national-activity-index-rises-to-4-11-in-june/#respond">Leave a Comment
/ Research & Analytics, Read First (Research & Analytics) / By
Eric Smith
Latest CFNAI shows that three of four broad categories of indicators used to construct the index made positive contributions in June, and two of the four categories increased from May.
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Cook & Boardman Acquires Two Companies
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https://www.mdm.com/news/operations/mergers-acquisitions/cook-boardman-acquires-two-companies/#respond">Leave a Comment
/ mergers and acquisitions, Operations, Read First (Operations) / By
Elizabeth Galentine
These acquisitions represent the 8th and 9th acquisition by the commercial door, frames and hardware, electronic access control equipment and specialty products distributor.
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IRCG Weekly Pandemic Revenue Index Back in the Red
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https://www.mdm.com/news/research/ircg-weekly-pandemic-revenue-index-back-in-the-red/#respond">Leave a Comment
/ Research & Analytics, Read First (Research & Analytics) / By
Eric Smith
PRI reverts back to a decline and settles into being down in the mid-single digits after a calendar anomaly saw growth during the holiday week.
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Industrial Production Rises 5.4% in June
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https://www.mdm.com/news/research/industrial-production-rises-5-4-in-june/#respond">Leave a Comment
/ Research & Analytics, Read First (Research & Analytics) / By
Eric Smith
According to the Industrial Production and Capacity Utilization Report, manufacturing output increased 7.2% during the month, but it was still 11.1% below its pre-pandemic February level.
