WESCO’s Q3 Sales Up 3.9%
Sales for the nine months ended September 30 were up 1.5%.
WESCO’s Q3 Sales Up 3.9% Read More »
October 2019
SKF Completes Acquisition of Presenso
Presenso is a company that develops and deploys artificial intelligence (AI)-based predictive maintenance software.
SKF Completes Acquisition of Presenso Read More »
Timken’s Sales up 3.7% in Q3
Mobile Industries sales decreased 2% compared with the same period a year ago.
Timken’s Sales up 3.7% in Q3 Read More »
AMETEK’s Sales Up 7% in 3Q
Sales in the companys Electronic Instruments Group were up 10%.
AMETEK’s Sales Up 7% in 3Q Read More »
Distribution Analytics Pioneer Stephen Pearce Dies at 68
Distribution industry loses leading thinker in inventory management and asset optimization.
Distribution Analytics Pioneer Stephen Pearce Dies at 68 Read More »
Anixter International to be Acquired by Clayton, Dubilier & Rice
The company also reported 3Q sales up 2% over 2018.
Anixter International to be Acquired by Clayton, Dubilier & Rice Read More »
Third Quarter Earnings Roundup
Its earnings season! As quarterly earnings reports continue to trickle in, MDM offers a recap of how the third quarter is shaping up for more than two dozen of the largest distributors and manufacturers.
Third Quarter Earnings Roundup Read More »
Rexnord Sales Fall 1% in Fiscal 2Q20
Profit for the quarter was $50.8 million compared to a loss of $43.4 million the previous year’s quarter.
Rexnord Sales Fall 1% in Fiscal 2Q20 Read More »
Real U.S. GDP Up 1.9% in 3Q According to Advance Estimate
Current dollar GDP increased 3.5%.
Real U.S. GDP Up 1.9% in 3Q According to Advance Estimate Read More »
Graybar’s Third Quarter Sales Up 5.9%
Year to date sales were up 6.9%.
Graybar’s Third Quarter Sales Up 5.9% Read More »
Gardner Denver’s Q3 Sales Down 11%
Net income was $41 million, down 43% from a year ago.
Gardner Denver’s Q3 Sales Down 11% Read More »
Ingersoll-Rand Third Quarter Sales Up 3%
Organic sales were up 1% year over year.
Ingersoll-Rand Third Quarter Sales Up 3% Read More »
Eaton Sales Down 1.8% in 3Q
For the first nine months, sales were $16.2 billion, up slightly over the same period a year ago.
Eaton Sales Down 1.8% in 3Q Read More »
Announcing the MDM 2020 Future Leaders Award
The program will recognize five or more associates who stand out for their passion for the wholesale distribution industry, learning and developing their leadership skills.
Announcing the MDM 2020 Future Leaders Award Read More »
Amazon Third Quarter Sales Up 24%
Profit decreased to $2.1 billion in the second quarter, compared to $2.9 billion in third quarter 2018.
Amazon Third Quarter Sales Up 24% Read More »
Market Continues to Show Signs of Slowdown
Growth decelerated 80 basis points versus last quarters Baird survey.
Market Continues to Show Signs of Slowdown Read More »
Chicago Fed National Activity Index Falls to -0.45 in September
Three of the four board categories of indicators that make up the index decreased from August, and all four made negative contributions to the index in September.
Chicago Fed National Activity Index Falls to -0.45 in September Read More »
MDM-Baird Distribution Survey: Revenue Growth Continues to Decelerate
On average, businesses reported year-over-year revenue growth at +2.4% in the third quarter of 2019, which is below the forecasted +3.1% level, according to the latest Baird Industrial Distribution Survey, conducted in partnership with Modern Distribution Management. Growth decelerated 80 basis points compared to last quarters survey, marking the third consecutive quarter of slowing growth. This trend reflects weaker momentum in the industrial sector.
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MDM-Baird Distribution Survey: Revenue Growth Continues to Decelerate Read More »
News Digest 4920
MDM’s top news briefs from News briefs from October 11 – October 25, 2019.
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