June U.S. Construction Spending Up 0.5% from May, 3.5% YoY
Year-to-date construction spending through the first half of the year was up 3.0% vs. 2022.
June U.S. Construction Spending Up 0.5% from May, 3.5% YoY Read More »
News
Graybar 2Q Sales Grew 4.5% to Company Record
Electrical, communications and data networking products distributor Graybar’s net sales for the second quarter of 2023 totaled $2.8 billion,
Graybar 2Q Sales Grew 4.5% to Company Record Read More »
Watsco Cites Regulation-Driven Snarls as 2Q Sales Fall 6%
Watsco’s second-quarter sales were impacted by a wide-ranging regulatory requirement that took effect on Jan. 1.
Watsco Cites Regulation-Driven Snarls as 2Q Sales Fall 6% Read More »
Financials: Kennametal, Eaton, Rockwell, CAT & More
It’s a big week for industrial manufacturer’s financial reports. We recap the key figures for six of them here.
Financials: Kennametal, Eaton, Rockwell, CAT & More Read More »
Fastener Supply Company Acquires General Machinery
Fastener Supply Company’s acquisition of General Machinery will enhance the fastener distributor’s capabilities and expand product offerings.
Fastener Supply Company Acquires General Machinery Read More »
July ISM Manufacturing PMI Improves Slightly
For a second straight month, none of the PMI’s 10 subindexes registered monthly expansion.
July ISM Manufacturing PMI Improves Slightly Read More »
Stanley B&D 2Q Sales Fall 5%, but Margin Improves
Lower volumes and last year’s oil & gas divestiture weighted down on revenue growth, while the company continued to slash inventories.
Stanley B&D 2Q Sales Fall 5%, but Margin Improves Read More »
Packer Fastener Adds Branch in Western Wisconsin
Fastener distributor Packer Fastener is opening a new location in La Crosse, Wisconsin, to serve customers.
Packer Fastener Adds Branch in Western Wisconsin Read More »
AD Member Sales Up 5% in 2023 First Half to Record Figure
Member sales in the first six months of 2023 reached a new record of $37.8 billion across 14 divisions and three countries.
AD Member Sales Up 5% in 2023 First Half to Record Figure Read More »
Chinese Manufacturing Contracts for 4th Straight Month in July
The official manufacturing purchasing managers’ index (PMI) was 49.3 in July, data from the National Bureau of Statistics showed.
Chinese Manufacturing Contracts for 4th Straight Month in July Read More »
Embattled Truck Carrier Yellow Ceases Operations
After years of financial trouble and recent labor disrupts, North America’s third largest truck carrier is filing for bankruptcy.
Embattled Truck Carrier Yellow Ceases Operations Read More »
Standex Acquires Magnetics Maker Minntronix
Standex said it expects the acquisition to be accretive to its earnings and to achieve a double-digit return on invested capital.
Standex Acquires Magnetics Maker Minntronix Read More »
Rexel’s 2Q North American Sales Growth Slows to 4.4%
The company’s 2023 second quarter included one new acquisition and the naming of a new Chief Strategy Officer.
Rexel’s 2Q North American Sales Growth Slows to 4.4% Read More »
U.S. Consumer Confidence Index at Highest Mark in 2 Years
The Conference Board Consumer Confidence Index rose again in July to 117.0, up from 110.1 in June and to the highest level since July 2021.Â
U.S. Consumer Confidence Index at Highest Mark in 2 Years Read More »
CNC Supplier Bracalente Acquires Millennium Manufacturing
Millennium Manufacturing will help Bracalente bolster its specialized CNC milling, turning and multi-spindle manufacturing capabilities.
CNC Supplier Bracalente Acquires Millennium Manufacturing Read More »
Tompkins Solutions Appoints VP of Sales
Raleigh, North Carolina-based supply chain consulting firm Tompkins Solutions added Dan Bryan to drive sales growth.
Tompkins Solutions Appoints VP of Sales Read More »
Air Liquide Sees 4.6% Growth in 2Q Americas Revenue
That geographic segment includes gases and welding products distributor Airgas, which was No. 5 on MDM’s Top Industrial Distributors List.
Air Liquide Sees 4.6% Growth in 2Q Americas Revenue Read More »
Honeywell Raises Outlook After 2Q Margins Expand
Year-over-year sales growth slowed to 2% in the second quarter, but operating margin increased to 20.6%, according to an earnings report.
Honeywell Raises Outlook After 2Q Margins Expand Read More »
Advance: June Durable Goods Orders Jump 4.7% from May
It was the fourth consecutive monthly increase, and more than twice the increase of May.
Advance: June Durable Goods Orders Jump 4.7% from May Read More »
Pipe Maker Romac Adds Mfg & Distribution Hub Near Phoenix
Romac Industries’ President said the expansion aligns with the company’s commitment to domestic manufacturing.
Pipe Maker Romac Adds Mfg & Distribution Hub Near Phoenix Read More »
