IRCG Weekly Pandemic Revenue Index Shows 6.8% Increase
Excluding an outlier, the overall sales change is still positive but at 1.3%.
IRCG Weekly Pandemic Revenue Index Shows 6.8% Increase Read More »
News
Arrow Electronics’ 3Q Sales Up 2%
Arrow reports that global sales of electronic components and solutions increased 5% to 5.3 billion.
Arrow Electronics’ 3Q Sales Up 2% Read More »
Lawson Products’ Sales Down 4.7% in 3Q
For the first nine months of 2020, sales at the Chicago-based MRO distributor Lawson Products slipped 10.2%.
Lawson Products’ Sales Down 4.7% in 3Q Read More »
Census Bureau Releases Two Advance Economic Indicators for September
The U.S. Census Bureau this week released advance indicators showing that the international trade deficit and wholesale inventories both decreased in September.
Census Bureau Releases Two Advance Economic Indicators for September Read More »
SiteOne Sales Jump 15% in 3Q
Landscape supply distributor SiteOne Landscape Supply Inc. also saw net income increase 39% to $48.2 million as the company benefited from two acquisitions during the quarter.
SiteOne Sales Jump 15% in 3Q Read More »
Applied Industrial’s 1Q Sales Down 12.7%
Tough times continued for Applied Industrial Technologies in the company’s fiscal first quarter; the company’s sales dipped 12.7% and profit fell 10.3%.
Applied Industrial’s 1Q Sales Down 12.7% Read More »
Systemax Sales Up 17.1% in 3Q
Systemax, the parent of Global Industrial, reported profit nearly doubled to $24.1 million as the company notched all-time highs in quarterly operating profit and operating margin.
Systemax Sales Up 17.1% in 3Q Read More »
SKF Sales Down 11.6% in 3Q
Bearings manufacturer sees sales drop 14.7% in first nine months of 2020 as soft demand environment continued to hit the company’s top-line performance.
SKF Sales Down 11.6% in 3Q Read More »
3M’s Sales Up 4.5% in 3Q
Health care sales were strong with 25.5% growth, while safety and industrial group sales of $3 billion were up 6.9%.
3M’s Sales Up 4.5% in 3Q Read More »
Advance Report: New Orders for Durable Goods Up 1.9% in September
Increase of manufactured durable goods is the fifth in a row following the double-digit growth in May, high-single-digit growth in June, double-digit growth in July and low-single-digit growth in August — all of which had been preceded by two decreases during the height of the coronavirus crisis.
Advance Report: New Orders for Durable Goods Up 1.9% in September Read More »
MSC’s Sales Down 5.1% in Fiscal 2020
Industrial distributor’s sales decline 11.3% in the fiscal fourth quarter ended Aug. 29 compared to year-ago period while profit dips 21.2%.
MSC’s Sales Down 5.1% in Fiscal 2020 Read More »
Chicago Fed National Activity Index Declines to +0.27 in September
Latest Chicago Fed National Activity Index (CFNAI) shows that three of four broad categories of indicators used to construct the index made positive contributions in September, but all four categories decreased from August.
Chicago Fed National Activity Index Declines to +0.27 in September Read More »
U.S. Cutting Tool Consumption Drops 33.5% in August
Latest report shows U.S. cutting tool consumption down 0.2% from previous month of July, while year-to-date total is down 23.4% from same period of 2019.
U.S. Cutting Tool Consumption Drops 33.5% in August Read More »
Optimas Solutions Opens DC in St. Louis
Fasteners manufacturer and distributor Optimas Solutions enhances PPE and MRO product distribution with 30,400-square-foot facility.
Optimas Solutions Opens DC in St. Louis Read More »
Motion Industries Sales Dip 18.6% in 3Q
Genuine Parts Co., the parent of Motion Industries, reported that the distributor’s 3Q sales of $1.4 billion were down 18.6% year-over-year, or down 8.7% excluding the EIS divestiture.
Motion Industries Sales Dip 18.6% in 3Q Read More »
Pool Corp. Sales Up 27% in 3Q
In addition to setting a revenue record of $1.1 billion, the pool supply distributor saw profit increase nearly 50% for the quarter.
Pool Corp. Sales Up 27% in 3Q Read More »
Border States Electric Announces New Regional Structure
Fargo, N.D.-based electrical distributor Border States Electric unveils new regions designed to “better serve customers and support manufacturers.”
Border States Electric Announces New Regional Structure Read More »
Watsco Sales Increase 10.2% in 3Q
Year-to-date sales grow 5.5% from same period in 2019 as company posts profit growth for both the quarter and the first nine months of 2020.
Watsco Sales Increase 10.2% in 3Q Read More »
Grainger’s 3Q Sales Up 2.4%
Industrial distributor Grainger says its U.S. segment sales were up 3.1%, outgrowing the U.S. MRO market which declined an estimated 5% to 6%.
Grainger’s 3Q Sales Up 2.4% Read More »
SureWerx Acquires Geroline Inc.
Safety products manufacturer SureWerx, Vancouver, B.C., has acquired Geroline Inc., the St. Catharines, Ontario-based company behind the K1 Series brand of winter traction aids.
SureWerx Acquires Geroline Inc. Read More »
