Stanley B&D Organic Sales, Margins Improve Despite “Weak Consumer Backdrop”
Stanley Black & Decker reported its 2024 second quarter financial results on July 30, which showed a strong organic performance in DEWALT, Outdoor Products and Engineered Fastening. SBD posted...
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Parker Hannifin to Divest North American Composites Unit
Parker Hannifin — a Mayfield Heights, OH-based manufacturer of filtration, fluid connectors and motion control products — agreed to divest its North American Composites and Fuel Containment (CFC)...
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Elevated Industrial Appoints New CEO
Denver-based Elevated Industrial Solutions — a distributor of industrial supplies, compressed air systems, coating and finishing systems and assembly tools — has a new top leader. Romy O’Daniel...
View ArticleGrainger Posts 3.1% Sales Growth in 2Q, Lowers Outlook
MRO and other industrial supplies distributor Grainger reported its 2024 second quarter financial results on Aug. 1, showing a continued deceleration in year-over-year sales growth and a lowered...
View ArticleDSG 2Q Organic Sales Fall YoY, Rise Sequentially
Fort Worth, TX-based Distribution Solutions Group reported its 2024 second-quarter financial results, which showed margin expansion in its three verticals — MRO, original equipment manufacturers and...
View ArticleWesco Sales Declines Continue in 2Q on Utility Slowdown
Electrical supplies distributor Wesco reported its second quarter financial results on Aug. 1, which showed continued modest declines in year-over-year sales, but results improved in June with...
View ArticleMDM’s July 2024 M&A Roundup: Another Strong Month Amid “Soft” Backdrop
We’re in the midst of the latest quarterly earnings reporting period, and for most publicly traded industrial distributors and manufacturers, the word of the moment continues to be “soft.” Major...
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ISM’s July Manufacturing PMI Hits 8-Month Low
The Institute for Supply Management released its monthly manufacturing Purchasing Managers Index (PMI) on Aug. 1 reflecting July activity, which showed a fourth straight monthly decline. The PMI —...
View ArticleRexel 2Q Comparable Sales Fell 2.4% YoY
France-based electrical products distributor Rexel reported its 2024 second quarter financial results on July 30, showing resilience in the North American market, offset by a challenging environment in...
View ArticleAcquisitions Drive Beacon’s 6.8% Sales Growth in 2Q
Growth at roofing and building products distributor Beacon was driven predominantly by acquired and newly-opened branches, according to its Aug. 1 2Q24 financial report. The Herndon, VA-based company...
View ArticleUS LBM Acquires L.D. Mullins Lumber in South Florida
Specialty building materials distributor US LBM has acquired L.D. Mullins Lumber — a Riveria Beach, FL-based building products distributor. Terms of the transaction were not disclosed. Mullins Lumber,...
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MCE Acquires Air Automation Engineering in MN
Fluid power, automation and industrial supplies distributor Motion & Control Enterprises (MCE) has acquired Air Automation Engineering (AAE). Terms of the transaction were not disclosed. AAE — a...
View ArticleMDM Research: The State of Labor Turnover in Wholesale Distribution
To continue reading this article you must be a paid subscriber. Subscribe to MDM Already Subscribed? Click here to log-in | Forgot your password?NAW Member? Click here to log-inThe post MDM Research:...
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Singer Industrial Acquires MEP Brothers in Winnipeg
Dallas, TX-based industrial rubber and fluid power distributor Singer Industrial acquired Winnipeg-based MEP Brothers — a supplier of industrial and hydraulic hose, gaskets and environment spill...
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Lamons Acquires Fellow Manufacturer Auge Industrial Fasteners
Houston, TX-based precision safety sealing and attachment solutions supplier Lamons acquired Auge Industrial Fasteners (AUGE), a manufacturer of engineered and critical fastening solutions. Terms of...
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Timken to Acquire Precision Drive Supplier CGI in Nevada
North Canton, OH-based engineered bearings and power transmission products manufacturer Timken agreed to acquire Carson City, NV-based CGI Inc. CGI — a manufacturer of drive systems serving automation...
View ArticleHow to Navigate Labor Challenges in Distribution
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View ArticleGraybar 2Q Sales Rise 7.6% to Record Total
Electrical and industrial supplies distributor Graybar shared updates on its 2024 second quarter financial performance, which was led by a company record for net sales. The St. Louis-based company...
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Ryerson Acquires Fellow Distributor Production Metals in CT
Chicago, IL-based processor and distributor of industrial metals Ryerson acquired Monroe, CT-based Production Metals. Terms of the transaction were not disclosed. Production Metals — a distributor of...
View ArticleFastenal’s July Daily Sales Growth Fell to 38-Month Low
Industrial and construction supplies distributor Fastenal reported its July 2024 sales figures on Aug. 6, showing continued declines in daily sales growth that reached their lowest in more than 3...
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