Inflation Eases in October but Remains High
Last month, the Consumer Price Index was up 7.7% from October 2021, according to data from the Bureau of Labor Statistics.
Inflation Eases in October but Remains High Read More »
News
Builders FirstSource Slashes 2,600 Jobs Amid Market Downturn
The distributor has also enacted a handful of other cost-cutting actions as homebuilding has soured throughout 2022.
Builders FirstSource Slashes 2,600 Jobs Amid Market Downturn Read More »
Bostwick-Braun Acquires Mill Supplies Inc.
The acquisition expands Bostwick-Braun’s industrial division.
Bostwick-Braun Acquires Mill Supplies Inc. Read More »
RBC Bearings’ Strong Sales Growth Continues in Fiscal 2Q
The company reported fiscal 2023 second-quarter net sales of $369.2 million, and increase of 129.4% over last year.
RBC Bearings’ Strong Sales Growth Continues in Fiscal 2Q Read More »
BlackHawk Acquires Ohio-Based L.A. Tool
Akron-based L.A. Tool & Supply Co. is BlackHawk’s third acquisition in Ohio in less than a year, the company said.
BlackHawk Acquires Ohio-Based L.A. Tool Read More »
Core & Main Acquires Lanier Municipal Supply
Lanier serves customers through facilities in Lakeland and Savannah, Georgia, and Panama City and Lake City, Florida.
Core & Main Acquires Lanier Municipal Supply Read More »
DXP Reports Strong Year-Over-Year 3Q Earnings
The distributor’s 33.8% year-over-year sales increase in 3Q follows a 28.7% annual increase reported in this year’s 2Q.
DXP Reports Strong Year-Over-Year 3Q Earnings Read More »
NAW Shares Reaction to Midterm Election Results
See what the association had to say about the initial results of Nov. 8’s midterm elections, many of which were very polarizing.
NAW Shares Reaction to Midterm Election Results Read More »
PCX Aerosystems Acquires Timken Aerospace Drive Systems
ADS will rebrand following the acquisition, according to a news release announcing the deal.
PCX Aerosystems Acquires Timken Aerospace Drive Systems Read More »
Wajax’s ‘Excellent’ 3Q Includes 17.3% Rise in Revenue
The Canadian industrial distributor says it continued to see overall strength in its backlog, which increased to more than $558 million.
Wajax’s ‘Excellent’ 3Q Includes 17.3% Rise in Revenue Read More »
Crawford Electric Reaches $1B in Sales
The Sonepar company also said its 500,000-square-foot Central Distribution Center in Katy, Texas, will open by the end of the year.
Crawford Electric Reaches $1B in Sales Read More »
McKinsey Acquires Supply Chain Firm SCM Connections
The research giant and consulting firm says the deal will help deepen supply chain transformation capabilities.
McKinsey Acquires Supply Chain Firm SCM Connections Read More »
Greif to Acquire Lee Container for $300M
The all-cash transaction will be funded through Greif’s existing credit facility and is expected to close by the end of the calendar year
Greif to Acquire Lee Container for $300M Read More »
MRC Global Sees Steady Sales Growth in 3Q
Third-quarter sales reached $904 million, a 7% sequential increase from the second quarter of 2022 and a 32% improvement over 3Q 2021.
MRC Global Sees Steady Sales Growth in 3Q Read More »
Optimas Solutions Opens Center of Excellence in Mexico
The Center of Excellence aims to help the fastener manufacturer and distributor build relationships with its customers.
Optimas Solutions Opens Center of Excellence in Mexico Read More »
China’s Exports to U.S. Drop 13% in October as Global Economy Slows
An economic slowdown within the next 12 months is looking increasingly likely, according to economists.
China’s Exports to U.S. Drop 13% in October as Global Economy Slows Read More »
Builders FirstSource 3Q Sales Growth Slows to 4.6%
In the first quarter and second quarter of 2022, year-over-year growth topped 36.1% and 24.2%, respectively.
Builders FirstSource 3Q Sales Growth Slows to 4.6% Read More »
Envoy Solutions Acquires United Packaging in Northeast
Envoy Solutions’ deal with the Pennsylvania company continues its M&A momentum one month after acquiring seven companies in Michigan.
Envoy Solutions Acquires United Packaging in Northeast Read More »
Fastenal Hits $1B in eCommerce Revenue for First Time
Fastenal’s eCommerce sales represent 17.4% of total company year-to-date sales, the company announced.
Fastenal Hits $1B in eCommerce Revenue for First Time Read More »
Masonite 3Q Sales Increase 12%
Masonite’s net income for 2022’s third quarter was $57 million, a 51% increase over the same quarter in 2021.
Masonite 3Q Sales Increase 12% Read More »
