MRC Global Reports Q1 Loss of $3 Million
Despite the loss, MRC Global posts a 5% sequential revenue increase in Q1 over the previous fourth quarter.
MRC Global Reports Q1 Loss of $3 Million Read More »
News
Graybar’s Sales Up 7.2% in 1Q
The company also saw net income grow 120.6% compared to 2020; both revenue and profit were records for the electrical distributor.
Graybar’s Sales Up 7.2% in 1Q Read More »
Atlas Copco’s 1Q Sales Up 4%
Profit for the Swedish manufacturer Atlas Copco increased 7% over the prior year.
Atlas Copco’s 1Q Sales Up 4% Read More »
Beacon Names McDevitt as EVP and Chief Human Resources Officer
McDevitt will take the CHRO reins from Harrison, who is departing Beacon later this quarter.
Beacon Names McDevitt as EVP and Chief Human Resources Officer Read More »
ABB’s Sales Increase 11% in 1Q
The electrical giant reported profit of $502 million, a 34% improvement when compared to the year-ago period.
ABB’s Sales Increase 11% in 1Q Read More »
3M Posts Higher 1Q Profits as Sales Spike Across All Sectors
Increase in revenues led by 3M’s Safety and Industrial division where total sales were up by 13.7%.
3M Posts Higher 1Q Profits as Sales Spike Across All Sectors Read More »
Hisco Acquires Shurmed Health
Acquisition of specialty adhesive solutions manufacturer expands Hisco’s national converting and fabrication capabilities.
Hisco Acquires Shurmed Health Read More »
Womack Electric Supply President Announces Retirement
Burke Herring will be retiring after nearly four decades of service with the electrical distributor.
Womack Electric Supply President Announces Retirement Read More »
SRS Distribution Opens Nine New Locations
Greenfield locations will play a key role in SRS Distribution’s expansion plans in 2021.
SRS Distribution Opens Nine New Locations Read More »
Advance Report: New Orders for Durable Goods Up 0.5% in March
Manufactured durable goods have increased 10 out of the last 11 months, with February the only decline in nearly a year.
Advance Report: New Orders for Durable Goods Up 0.5% in March Read More »
US LBM Holdings Opens New Roofing and Siding Location in Paterson, NJ
The new location compliments US LBM Holding’s existing roofing and siding site in Newark.
US LBM Holdings Opens New Roofing and Siding Location in Paterson, NJ Read More »
Electric Supply Partners with PE Firm Supply Chain Equity Partners
SCEP’s investment in the Florida-based electrical distributor marks its 44th distribution investment since 2007.
Electric Supply Partners with PE Firm Supply Chain Equity Partners Read More »
Pool Corp. Posts New Record for Net Sales in Q1
Due to strong results, Pool Corp. raises its guidance for the remainder of the year.
Pool Corp. Posts New Record for Net Sales in Q1 Read More »
Sonepar USA Promotes McCulloch to President of North Coast Electric
Prior to his promotion, McCulloch served as executive vice president at North Coast Electric, among other positions in his 35-year career with the company
Sonepar USA Promotes McCulloch to President of North Coast Electric Read More »
Bearings Maker SKF Boosts Year-Over-Year Profit in Q1
SKF CEO Danielson expects sales to continue to grow in Q2 to reach pre-COVD levels
Bearings Maker SKF Boosts Year-Over-Year Profit in Q1 Read More »
Motion Sales Up 0.1% in 1Q
Genuine Parts Co., the parent of Motion, reported that the distributor’s 1Q sales of $1.5 billion were up 0.1% year-over-year and represented 34% of the company’s revenues in the period.
Motion Sales Up 0.1% in 1Q Read More »
Chicago Fed National Activity Index Climbs to +1.71 in March
Latest Chicago Fed National Activity Index (CFNAI) shows that all four broad categories of indicators used to construct the index made positive contributions in March, and all four improved from February.
Chicago Fed National Activity Index Climbs to +1.71 in March Read More »
Watsco Sales Increase 12.7% in 1Q
Watsco’s HVAC equipment sales increased 14% in the quarter, other HVAC products increased 11% and commercial refrigeration equipment increased 10%.
Watsco Sales Increase 12.7% in 1Q Read More »
BlueLinx Announces CEO Lewis Will Retire
Building materials distributor BlueLinx Holdings taps Gibson as the company’s incoming president and CEO
BlueLinx Announces CEO Lewis Will Retire Read More »
NEFCO Wraps Up Deal to Buy Sigma Engineering Int’l
Hartford, Connecticut-based NEFCO buys Sigma Engineering Int’l to bolster its engineering capabilities and increase its reach across all of its East Coast locations.
NEFCO Wraps Up Deal to Buy Sigma Engineering Int’l Read More »
