After a strong start to 2023, shipments of cutting tools weakened in the last quarter of the year, falling 7.3% in December year-over-year.
December U.S. Cutting Tool Orders Dip, but Year Tops 2022 Read More »
The company has added like foodservice distributors that serve the greater Nashville area and central California.
US Foods Acquires IWC, Saladino’s Read More »
The pumps and pumping equipment maker saw organic revenue growth slow to 4% in 4Q23, while full-year revenue increased 16% vs. 2022.
Ingersoll Rand 4Q Profits, EBITDA Grow Despite Lower Sales Read More »
Research from Colliers found that lease rates reached $9.72 per square foot last year despite supply far outpacing occupancy.
Data: Warehouse & DC Rents Spiked 20.6% in 2023 Read More »
Producer prices rose at their fastest clip in five months, tampering hopes that inflation will cool to the Fed’s 2% target anytime soon.
January U.S. Wholesale Inflation Hotter Than Expected Read More »
We’re off Monday in observance of Presidents’ Day in the U.S., so Update will be back in action Tuesday morning.
No MDM Update Newsletter Monday Read More »
The Association for Manufacturing Technology said December’s figures outpoerformed “even the best of expectations.”
U.S. Manufacturing Technology Orders End 2023 on High Note Read More »
The year started with a slight deceleration in industrial production following a flat December.
Fed Data Shows Weak January for U.S. Factory Activity Read More »
North American full-year sales reached nearly $8.9 billion for a 4.0% annual gain. See our in-depth breakdown of Rexel’s financials.
Rexel 4Q N.A. Sales Outpeform Group Decline Read More »
The restructuring includes a voluntary retirement offer and “rationalization and optimization” of certain DCs, stores and other facilities.
Motion 4Q Sales Accelerate as GPC Announces Restructuring Actions Read More »
Overall 4Q and full year profit spiked on a deferred tax benefit, while sales continued low single-digit annual growth.
DNOW Continues Modest Sales Growth as Profit Soars Read More »
Boosting Henkel’s MRO offerings, Houston-based Seal for Life has about 650 employees and generated $269 million in 2023 revenue.
Henkel to Acquire Seal for Life Industries Read More »
The program directly connects manufacturing customers with Verusen via the AWS Partner Network and Sales organizations.
Verusen Joins AWS Software Vendor Accelerate Program Read More »
Meanwhile, gross margin at Resideo’s manufacturing business unit saw solid improvement during 4Q23.
ADI Global Posts Flat 4Q & 2023 Revenue as Margins Slip Read More »
However, lower volume driven by deferred activity in the gas utilities sector didn’t stop the company from modest full-year growth.
MRC Global Sees Steep Annual, Sequential 4Q Sales Declines Read More »
Though it repeated December’s monthly figure, the overall CPI topped economics’ expectations.
January U.S. Consumer Inflation Up 3.1% YoY Read More »
Watsco’s 2023 follows two years of record-setting performances and faces softer comparative market conditions.
Watsco Reports Sales Growth Despite Soft HVAC Market Read More »
While 4Q volume fell in certain verticals, Wesco said it saw growth in industrial, utility, data center and network infrastructure.
Wesco 2023 Sales Topped $22B Despite 4Q Decline Read More »
In a step toward vertical integration, independent industrial distributor B&D Industrial acquired a Michigan-based gear manufacturer.
B&D Industrial Acquires American Gear & Engineering Read More »
It further expands DXP’s offering and capabilities in the water and wastewater markets.
DXP Acquires Kappe Associates Read More »
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