News Digest 5004 - Modern Distribution Management

Log In

News Digest 5004

MDM's top news briefs from News briefs from February 11 - February 25, 2020.


Metalworking and industrial supplies distributor BlackHawk Industrial, Broken Arrow, Oklahoma, has acquired J&S Tool. More.

MSC Industrial Supply Co. has entered into a cooperative research and development agreement with the U.S. Department of Energy’s Oak Ridge National Laboratory to advance manufacturing in the United States. More.

The Reynolds Company, a wholly-owned subsidiary of McNaughton-McKay Electric Company, has acquired Flow-Zone. More.

Ingersoll-Rand plc, Swords, Ireland, has announced that it has set a record date of Feb. 24, 2020, for the proposed spin-off of its industrial segment. The spin-off and the previously announced merger are expected to be completed on Feb. 29, 2020, subject to certain remaining conditions including the approval by the stockholders of Gardner Denver Holdings, Inc. More.

Fastenal Co., Winona, Minnesota, reported sales of $1.3 billion for the fourth quarter of 2019, a 3.7% increase over the same period in 2018. The distributor reported net earnings of $178.7 million, a 5.9% increase over the year-ago period. For the full year, Fastenal reported sales of $5.3 billion, up 7.4% compared to 2018. Net earnings for the year rose 5.2% to $790.9 million. More.

NOW Inc., Houston, reported fourth quarter sales of $639 million, down 16.4% compared with the fourth quarter of 2018. The company reported a loss of $139 million for the quarter, compared with a profit of $16 million a year ago. Sales for 2019 were reported at $3 billion, down 5.6% from 2018. The company reported a loss of $97 million, compared to a profit of $52 million in the previous year. More.

The Industrial Group of Genuine Parts Company, which includes Motion Industries, had sales of $1.5 billion for the fourth quarter of 2019, down 5.9% from the same period the previous year. For the full year, sales for the Industrial Group of $6.5 billion declined 3.6% from $6.3 billion the previous year. For Genuine Parts Company as a whole, sales for the fourth quarter were $4.7 billion, a 2.2% increase compared to $4.6 billion for the same period in 2018. Net income was $8.9 million. Sales for the full year were $19.4 billion, a 3.5% increase compared to $18.7 billion for the same period in 2018. Net income for the year was $621.1 million. More.

HVACR distributor Watsco Inc., Coconut Grove, Florida, reported sales for the fourth-quarter of $1.07 million, up 8.2% over the same period in 2018. The heating and cooling company posted profit of $44.4 billion in the period. For the year, the company reported profit of $246 million. Revenue was reported as $4.77 billion, up 4.9% over 2018.More.


Pump and compressor manufacturer Gardner Denver reported $605.8 million in revenues for the fourth quarter of 2019, down 14% over the prior-year period. Net income was $25.8 million, compared to $94.5 million a year ago. More.

Manufacturer Regal Beloit Corp., Beloit, Wisconsin, reported sales for 2019 of $3.2 billion, compared to $3.6 billion from the previous year. Profit was $238.9 million, compared to $231.2 million a year ago More.


Share this article

About the Author
Recommended Reading
Leave a Reply

Leave a Comment

Sign Up for the MDM Update Newsletter

The MDM update newsletter is your best source for news and trends in the wholesale distribution industry.

Get the MDM Update Newsletter

Wholesale distribution news and trends delivered right to your inbox.

Sign-up for our free newsletter and get:

  • Up-to-date news in a quick-to-read format
  • Free access to webcasts, podcasts and live events
  • Exclusive whitepapers, research and reports
  • And more!


articles left

Want more Premium content from MDM?

Subscribe today and get:

  • New issues twice each month
  • Unlimited access to, including 10+ years of archived data
  • Current trends analysis, market data and economic updates
  • Discounts on select store products and events

Subscribe to continue reading

MDM Premium Subscribers get:

  • Unlimited access to
  • 1 year digital subscription, with new issues twice a month
  • Trends analysis, market data and quarterly economic updates
  • Deals on select store products and events



You have one free article remaining

Subscribe to MDM Premium to get unlimited access. Your subscription includes:

  • Two new issues a month
  • Access to 10+ years of archived data on
  • Quarterly economic updates, trends analysis and market data
  • Store and event discounts

To continue reading, you must be an MDM Premium subscriber.

Join other distribution executives who use MDM Premium to optimize their business. Our insights and analysis help you enter the right new markets, turbocharge your sales and marketing efforts, identify business partners that help you scale, and stay ahead of your competitors.

Register for full access

By providing your email, you agree to receive announcements from us and our partners for our newsletter, events, surveys, and partner resources per MDM Terms & Conditions. You can withdraw consent at any time.

Learn More about Custom Reports

Request a Market Prospector Demo

  • This field is for validation purposes and should be left unchanged.