Trane’s 2Q Sales Up 22% Year-Over-Year
Trane reported bookings of $4.4 billion in the second quarter, which was a 34% increase year-over-year.
Type: News
NOW Inc. Sales Improve 8.1% in 2Q
NOW Inc. also narrowed its loss in the period, signaling a rebound for the industrial distributor, which had been hit especially hard by the pandemic.
Global Industrial Sales Up 12.6% in 2Q
Global Industrial Co. reported profit grew 37.9% to $21.1 million as the company another strong period.
AmerisourceBergen’s 2Q Sales Increase 18%
AmerisourceBergen said the increase was largely driven by a 13.2% surge in the company’s Pharmaceutical Distribution Services revenue.
SiteOne’s 2Q Sales Spike by 33% in 2Q
SiteOne’s net income increased by 56% year-over-year to $123 million in 2Q while gross profit increased 36% to $388.2 million.
BlueLinx Sales Up 87.2% in 2Q
Building materials distributor BlueLinx Holdings also reported a profit of $113.5 million for the quarter.
HARDI Distributors Report 22.1% Revenue Increase in June
The 17.2% average annual sales growth through June was down slightly from May, according to HARDI’s TRENDS report.
AMETEK Sales Increase by 37% in 2Q
Second quarter Electronic Instruments Group sales were a record $934 million, up 44% compared to last year's second quarter.
Owens & Minor Sales Up 38% in 2Q
In the second quarter, Owens & Minor posted net income $65.9 million compared to a net loss of $55 million last year.
Carlisle Cos. Completes Sale of Carlisle Brake & Friction
The company in May announced it was selling the division to CentroMotion for $375 million.
TestEquity Acquires MCS Test
With this latest addition, the distributor of electronic test, measurement, and production supplies will expand to the UK.
US LBM Acquires Three Companies
The building materials distributor has added a trio of businesses, expanding its footprint in Georgia and Virginia.
Kennametal’s 4Q Sales Increase 36% Year-Over-Year
Kennametal reported fiscal fourth-quarter net income of $35 million after reporting a loss in the same period a year ago.
Cook & Boardman Snaps-Up JDS
The JDS deal marked Cook & Boardman’s 13th acquisition since it was bought by Littlejohn in 2018.
ISM: Manufacturing Sector Down Slightly in July
The July Manufacturing PMI registered 59.5%, down 1.1 percentage points from the June reading of 60.6%, according to the latest ISM report.
Cardinal Health Completes Sale of Cordis Business to Hellman & Friedman
Previously announced, Cardinal Health is unloading the business for $1 billion.
Ingersoll Rand Completes Acquisition of Maximus Solutions
Maximus Solutions is a Montreal, Quebec-based provider of digital controls and Industrial Internet of Things (IIoT) production management systems for the agritech market.
Timken Posts Record Sales in 2Q
Timken reported net income of $104.8 million in the second quarter versus net income of $61.9 million in the same quarter a year ago.
June Construction Spending Up 8.2% Year-Over-Year
Construction spending for the last month of the second quarter was also up 0.1% from the previous month of May.
AD Members Sales Increase 30% in First Half of 2020
Purchases by member companies from AD supplier partners were up 34% over the same period.
