Members of the National Association of Wholesaler-Distributors (NAW), during the associations Executive Summit in Washington, DC, elected as chairman of the NAW Board of Directors, Douglas W. York, president and CEO of Ewing Irrigation & Landscape Supply.
NAW Elects 2020 Officers Read More »
Amazon.com, Inc. (NASDAQ:AMZ) reported sales net sales increased 20% to $280.5 billion, an increase of 22% compared with 2018. Net income increased to $11.6 billion compared with net income of $10.1 billion in 2018.
Amazon Annual Sales Up 22% Read More »
Winsupply Inc., Dayton, Ohio, has opened Quad Cities Winwater, serving waterworks and utilities contractors in the Quad Cities including eastern Iowa and northwest Illinois.
Winsupply Opens Quad Cities Winwater Read More »
Ron Port, currently vice president and president of the Infrastructure segment, will become vice president and CCO, metal cutting business segments.
Kennametal Announces Executive Leadership Changes Read More »
The company reported that organic sales were down 1%.
Rockwell Automation Sales Up 2.6 % in First Quarter Read More »
In the third quarter, real GDP increased 2.1%.
Real U.S. GDP Up 2.1% in 4Q According to Advance Estimate Read More »
For the fourth quarter, sales were $2.1 billion, a year-over-year increase of 4%.
WESCO Sales Grow 2.2% in 2019 Read More »
The distributors fourth-quarter sales rose 3% to $2.8 billion.
Grainger’s 2019 Sales Up 2.5% Read More »
The 4Q19 Baird Industrial Distribution Survey reveals a high percentage of companies that are focused on revamping their sales processes for the year ahead. They will invest more in skills training, improve digital marketing efforts and increase outside sales coverage.
How Distributors are Improving their Sales Processes Read More »
Textron (NYSE: TXT), Providence, Rhode Island, reported total revenues of $13.6 billion for 2019, down 2.1% over 2018. Profit fell 33.3% to $815 million. The company reported sales of $4 billion for the fourth quarter of 2019, up 7.6% compared with the fourth quarter of 2018. Profit for the quarter fell 19.1% in 2018 to $199 million.
Textron’s Sales Down 2.1% in 2019 Read More »
Rexnord Corp. (NYSE: RXN), Milwaukee, reported sales for the third quarter of fiscal 2020 of $492 million, an increase of 1% year-over-year. Profit for the quarter was $48 million compared to $53 million the previous year’s quarter. For the first nine months of the fiscal year sales were $1.5 billion, up 0.5% from the previous year.
Rexnord Sales Fall 1% in Fiscal Third Quarter Read More »
Stanley Black & Decker (NYSE: SWK), New Britain, Connecticut, has reported fourth-quarter and full-year 2018 financial results. The company reported 2019 full-year revenues of $14.4 billion, up 3% compared with 2018. Profit was reported at 955.8 million. Fourth-quarter sales were $3.7 billion, up 2% compared to the same period in 2018. Profit was $199.1 million, compare to
Stanley Black & Decker’s Sales Up 3% in 2019 Read More »
Ingersoll-Rand plc (NYSE: IR), Swords, Ireland, reported sales for 2019 of $16.6 billion, a 5.9% increase from the previous year. Profit increased 5.5% to $1.4 billion. Sales for the fourth quarter were $4.2 billion, a 6.5% increase over the same period a year ago. Profit was $296.1 million compared to $254 million in the previous fourth
Ingersoll-Rand Sales Up 5.9% in 2019 Read More »
Avery Dennison Corp. (NYSE:AVY), Glendale, California, reported sales 2019 or $7.1 billion, down 1.2% over 2018. Organic sales were up 2%. Profit was $303.6 million, down 35% over 2018. The company reported sales for the fourth quarter of $1.8 billion, up 0.2% from the prior-year period and 2.1% organically. Profit was $162.5 million, up 67.4%.
Avery Dennison Sales Down 1.2% in 2019 Read More »
The unemployment rate (3.5% at the end of 2019) has decreased every year since the height of the 2008 financial crisis, according to the Bureau of Labor Statistics. With the labor market expected to follow its current trajectory into 2020, now is the time for distributors to consider strengthening recruiting efforts to tap into the
How to Get Your Hiring on Track Read More »
Herbert L. Flake Company, a portfolio company of Supply Chain Equity Partners, acquired International Key Supply, LLC, a leading distributor of security hardware supplies and tools with locations in Farmingdale, New York, and Portland, Oregon. The companies will offer a combined 45,000 unique stocked items of hardware and supplies to security professionals and locksmiths shipping
Supply Chain Equity Completes Add-on Acquisition in the Security Hardware Industry Read More »
Crane Co. (NYSE: CR), Stamford, Connecticut, reported 2019 sales of $3.3 billion, down 2% from 2018. Full year 2019 operating profit was $210 million, compared to $441 million in 2018. Fourth quarter 2019 sales were $838 million, a slight decline compared to the fourth quarter of 2018. Fourth quarter 2019 operating loss was $135 million, compared to operating
Crane Co. Sales Down 2% in 2019 Read More »
Pentair plc (NYSE:PNR) has announced that Mark Borin has informed the company of his intention to resign as executive vice president, CFO and chief accounting officer and that he has accepted an operational leadership opportunity at a private, employee-owned company. Pentair has commenced a search for the company’s next CFO, and Borin plans to remain
Pentair plc Announces the Resignation of CFO Mark Borin Read More »
3M (NYSE: MMM), St. Paul, Minnesota, reported sales for 2019 of $32.1 billion, a year-over-year decrease of 1.9%. Organic local-currency sales decreased 1.5%. Profit for the diversified manufacturer decreased 14.6% to $4.6 billion. For the fourth quarter, sales rose 2.1% to $8.1 billion. Organic local-currency sales fell 2.6%. Profit decreased 28.1% to $969 million. Total sales
3M Sales Down 1.9% in 2019 Read More »
In the movie and TV series The Equalizer, the main character helps people even the odds in difficult situations. He “equalizes” things. In distribution or any business, the odds often seem to be against the little guy. Larger companies get larger, mergers and acquisitions seem to undercut your efforts. What’s a distributor to do? The internet
Will Promoting Content Over Product Help to Grow Your Business? Read More »
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