New Residential Construction Up in January
Privately‐owned housing units authorized by building permits in January were at a seasonally adjusted annual rate of nearly 1.9 million.
New Residential Construction Up in January Read More »
News
Trade Sales and Manufacturers’ Shipments Drop in December
The Census Bureau says the combined value of distributive trade sales and manufacturers’ shipments for December dropped 0.7% from November.
Trade Sales and Manufacturers’ Shipments Drop in December Read More »
Advance Retail, Food Services Sales Rise in January
Advance estimates of U.S. retail and food services sales for January were $649.8 billion, an increase of 3.8% from December.
Advance Retail, Food Services Sales Rise in January Read More »
Pool Corp. 4Q Sales Reach $1B
The company’s net sales for the fourth quarter of 2021 reached a ‘record’ $1 billion, while total yearly sales topped $5 billion.
Pool Corp. 4Q Sales Reach $1B Read More »
Ace Hardware Yearly Revenue Up 10.7%
Ace Hardware Corporation reported record 2021 total revenues of $8.6 billion and 4Q revenues of $2.1 billion.
Ace Hardware Yearly Revenue Up 10.7% Read More »
Wholesale Inflation Up 9.7% in January
Price pressure trends continue as last month’s wholesale inflation was 9.7% higher than January 2021, the Bureau of Labor Statistics said.
Wholesale Inflation Up 9.7% in January Read More »
JGB Enterprises Rebrands as Echelon Supply and Service
The company says the rebranding will unify its growing team under one name to ‘better demonstrate our consolidated North American presence.’
JGB Enterprises Rebrands as Echelon Supply and Service Read More »
Global Industrial: Sales Up Overall Despite Down 4Q
Consolidated sales in 2021’s 4Q decreased 4.3% compared to the prior year, but overall annual sales were up 3.3%.
Global Industrial: Sales Up Overall Despite Down 4Q Read More »
MRC Global Yearly Sales Top $2.6B
Pipes, valves and fittings distributor MRC Global Inc. reported 2021 4Q sales of $686 million, an 18% increase over 2020.
MRC Global Yearly Sales Top $2.6B Read More »
Gryphon Investors Acquires Benoist Brothers
The private equity firm acquired Benoist Brothers Supply Co., a Midwest-based regional distributor of HVAC/R equipment, parts and supplies.
Gryphon Investors Acquires Benoist Brothers Read More »
US Foods to Split CEO, Chair Roles
The board of directors for one of the largest foodservice distributors in the U.S. has decided to separate the roles of CEO and chair.
US Foods to Split CEO, Chair Roles Read More »
WESCO Reports ‘Record’ 4Q Sales
WESCO International Inc. reported 2021 fourth-quarter sales of $4.9 billion, a 17.5% increase over the same quarter in 2020.
WESCO Reports ‘Record’ 4Q Sales Read More »
Genuine Parts Increases Dividend 10%
Genuine Parts Company announced an increase in the regular quarterly cash dividend for the 66th consecutive year.
Genuine Parts Increases Dividend 10% Read More »
Sysco Closes Acquisition of Coastal Companies
The company completed its acquisition of the Maryland-based fresh produce distributor in a deal that previously was announced in December.
Sysco Closes Acquisition of Coastal Companies Read More »
MRC Global Chairman to Retire
Rhys J. Best will retire upon completion of his term as a director at the annual meeting of the company’s stockholders in May, the company said.
MRC Global Chairman to Retire Read More »
AMETEK Increases Dividend, Announces Changes
The company’s board approved a 10% increase in its quarterly cash dividend, while multiple leadership changes were also announced.
AMETEK Increases Dividend, Announces Changes Read More »
BLS: Inflation Reaches 40-Year High
Over the past year, the Consumer Price Index for All Urban Consumers increased 7.5% before seasonal adjustment, the highest since 1982.
BLS: Inflation Reaches 40-Year High Read More »
JGB Enterprises Adds 2 Execs
The company added VP of Industrial Sales Benjamin Judd and VP of Government Services Michael Hawn to its senior leadership team.
JGB Enterprises Adds 2 Execs Read More »
RBC 3Q Sales Jump 83%
RBC Bearings Inc. reported fiscal 2022 third-quarter net sales of $267 million, while organic net sales were up 7.6% over last year.
RBC 3Q Sales Jump 83% Read More »
NAHB: Soaring Costs Lower Housing Affordability
Just 54% of new and existing homes sold between October and December were affordable to families earning the U.S. median income.
NAHB: Soaring Costs Lower Housing Affordability Read More »
