AD’s 2020 Member Sales Down 3%
Buying group also reports that in 2020 member net distributions increased 1% while supplier purchases declined 1%.
AD’s 2020 Member Sales Down 3% Read More »
News
HARDI Distributors Report 21.4% Revenue Increase in December
Association also reports that the average annual sales growth for the 12 months through December 2020 for HARDI distributors is 4.1%.
HARDI Distributors Report 21.4% Revenue Increase in December Read More »
December Construction Spending Up 5.7% Year-Over-Year
Despite the pandemic, construction spending for 2020 wound up at $1,429.7 billion, up 4.7% from 2019.
December Construction Spending Up 5.7% Year-Over-Year Read More »
Manufacturing Sector Improves in January
The January PMI registered 58.7%, down 1.8% from the December reading of 60.5% but still marking an eighth consecutive month of expansion.
Manufacturing Sector Improves in January Read More »
Eaton to Acquire Cobham Mission Systems
In a deal valued at $2.8 billion, Eaton is investing heavily to expand its Aerospace business’s fuel and environmental systems offerings.
Eaton to Acquire Cobham Mission Systems Read More »
Ingersoll Rand Completes Acquisition of Tuthill Vacuum and Blower Systems
The company said this acquisition “fits strategically with the company’s portfolio of air compression technologies and operates under the trade names MD Pneumatics and Kinney Vacuum Pumps.”
Ingersoll Rand Completes Acquisition of Tuthill Vacuum and Blower Systems Read More »
Ferguson Completes Disposal of Wolseley UK
The company announced in January it was selling the division to the private equity firm Clayton, Dubilier and Rice for £308 million (US$417.5 million).
Ferguson Completes Disposal of Wolseley UK Read More »
American Securities Closes Acquisition of Foundation Building Materials
Firm completes $1.4 billion acquisition of distributor from an affiliate of PE firm Lone Star Funds, which had acquired FBM in 2015 and maintained a majority ownership since the company’s 2017 IPO.
American Securities Closes Acquisition of Foundation Building Materials Read More »
Eaton to Acquire Tripp Lite for $1.7 Billion
Eaton says the addition of the power and connectivity solutions provider will “enhance the breadth of our edge computing and distributed IT product portfolio.”
Eaton to Acquire Tripp Lite for $1.7 Billion Read More »
NAW Elects 2021 Officers
The National Association of Wholesaler-Distributors this week elected Michael Medart, president and CEO, Medart Engine & Marine, as its 2021 chairman.
NAW Elects 2021 Officers Read More »
84 Lumber Appoints VP of Real Estate and Development
Building materials company 84 Lumber continues to grow its real estate development team with promotion of Bethany Cypher.
84 Lumber Appoints VP of Real Estate and Development Read More »
Pandemic Revenue Index Up 3.9%
Indian River Consulting Group’s (IRCG) weekly Pandemic Revenue Index for the work week of Jan. 18 to Jan. 22 increased 3.9%, continuing a normal growth trend.
Pandemic Revenue Index Up 3.9% Read More »
Real U.S. GDP Up 4% in 4Q According to Advance Estimate
For the entirety of 2020 — a topsy-turvy year due to COVID-19 restrictions and recovery — real GDP decreased 3.5%.
Real U.S. GDP Up 4% in 4Q According to Advance Estimate Read More »
Census Bureau Releases Two Advance Economic Indicators for December
The U.S. Census Bureau has released advance indicators showing that the international trade deficit and wholesale inventories both declined in December.
Census Bureau Releases Two Advance Economic Indicators for December Read More »
Applied Industrial’s 2Q Sales Down 9.9%
Like most companies, Applied continued to be impacted by the COVID-19 crisis and saw year-to-date sales fall 11.3% over the same period in 2019.
Applied Industrial’s 2Q Sales Down 9.9% Read More »
Avnet Sales Up 2.9% in Fiscal 2Q
Year to date, sales increased 2.5% to $9.4 billion for the Phoenix, Arizona-based electronics distribution giant Avnet.
Avnet Sales Up 2.9% in Fiscal 2Q Read More »
United Rentals 2020 Sales Down 10.3%
United Rentals also reported that sales for the fourth quarter of 2020 fell 10.1% compared to the same period of 2019.
United Rentals 2020 Sales Down 10.3% Read More »
AD Appoints Mike Carr as Division President
Former Snap-on exec will lead the buying group’s Industrial and Safety–U.S. and Safety Network divisions.
AD Appoints Mike Carr as Division President Read More »
Advance Report: New Orders for Durable Goods Up 0.2% in December
Increase of manufactured durable goods is the eighth in a row since May; this growth period was preceded by two decreases during the height of the coronavirus crisis.
Advance Report: New Orders for Durable Goods Up 0.2% in December Read More »
3M’s Sales Up 0.1% in 2020
Though revenue was flat, the diversified manufacturer posted double-digit profit growth in a year dominated by COVID-19 and pandemic-related product sales.
3M’s Sales Up 0.1% in 2020 Read More »
