Milwaukee Tool, Brookfield, Wisconsin, has announced plans for a new vertically integrated manufacturing plant in West Bend, Wisconsin. The facility will manufacture hand tools for professional electricians and utility linemen. “With a focus on core users in the electrical, plumbing, and mechanical trades, our strategy for hand tools from the beginning has been to disrupt […]
Milwaukee Tool to Build New Manufacturing Plant Read More »
I haven’t talked with a distribution executive in January – in Europe or North America – who had a good thing to say about the last two weeks of business in 2019. The likely culprit was having Christmas and New Year’s holidays fall mid-week; customers, employees and revenues took time off. Manufacturing employment declined slightly in December
2020 Outlook and Emerging Trends to Watch Read More »
This is the pdf of this issue of Modern Distribution Management. Click download pdf below to download this issue. iPad instructions: To save this issue to your iPad for viewing offline: Click on the “Download PDF” link below. Once the pdf appears in your browser, tap the screen near the top of the pdf image
Download this Issue as a PDF: January 25, 2020 Read More »
Distributors posted aggregate revenue growth (excluding acquisitions) of 0.8% during the fourth quarter of 2019 — below the 1.9% growth originally forecasted for the quarter, according to the latest Baird Industrial Distribution Survey, conducted in partnership with MDM. Growth decelerated 160 basis points versus the previous quarter, continuing the recent trend of sequentially moderating growth.So,
I haven’t talked with a distribution executive in January – in Europe or North America – who had a good thing to say about the last two weeks of business in 2019. The likely culprit was having Christmas and New Year’s holidays fall mid-week; customers, employees and revenues took time off. Manufacturing employment declined slightly in December
Commentary: 2020 Outlook and Emerging Trends to Watch Read More »
This report is researched and produced by MDM editors. View the Third Quarter report here. These product groups provide a snapshot of inflation trends based on the Producer Price Index from the U.S. Bureau of Labor Statistics. Fourth quarter 2019 pricing levels are compared with third quarter 2019 and fourth quarter 2018. Annual 2019 levels are compared to annual 2018 levels.
MDM Pricing Trends Report: Fourth Quarter & Annual 2019 Read More »
Modern Distribution Management’s December Industrial Inflation Index, which measures a cross-section of industrial supplies, was down 0.04% from the previous month and up 2.2% from December 2018. Use the download PDF link below to download a print-ready PDF of the MDM Inflation Index for December 2019. Click Here
MDM Industrial Inflation Index: December 2019 Read More »
Wholesale revenues in November were $500.7 billion, up 0.8% from November 2018 and up 1.5% over October. November sales of durable goods were up 0.9% over last month and down 1.1% from a year ago. Sales of nondurable goods were up 2% over October and up 2.6% over last November. Inventories were $674.9 billion at
Monthly Wholesale Trade Data: November 2019 Read More »
In this report, available to download below, we feature data on merger and acquisition trends and financial metrics for the largest publicly traded distributors across diverse sectors during the fourth quarter of 2019. In partnership with Houlihan Lokey, an investment banking firm, the report includes data on M&A activity trends across all industries (not just
Fourth Quarter 2019 Financial Metrics & Trading Multiples Read More »
Distributor Ohio Transmission Corporation, Columbus, Ohio, has acquired Laron Inc., Kingman, Arizona, a leading service provider of mechanical and electric motor repair and engineering in the southwestern United States. More. MSC Industrial Direct Co. Inc., Melville, New York, reported fiscal 2020 first quarter sales of $823.6 billion, a 1% decrease compared to fiscal 2019. Annual profit was $65.4
Avnet Inc. (NYSE: AVT), Phoenix, AZ, reported sales for the second quarter of $4.5 billion, down 10.2% over the same period a year ago. Profit decreased from $36.4 million to $3.7 million. For the first six months of the year, sales decreased 8.9% to $9.2 billion. Profit decreased from $120.1 million to $45.4 million.
Avnet Sales Fell 10.2% in Fiscal 2Q Read More »
Sonepar North America, a subsidiary of the privately held France-based Sonepar Group, has named Chuck Delph as president of its subsidiary Vallen North America. Delph has been president of Vallen US since March 2018.
Sonepar Appoints President of Vallen North America Read More »
Industrial distributor Applied Industrial Technologies (NYSE: AIT), Cleveland, reported fiscal second-quarter sales of $833.4 million, down 0.8% compared to the year-ago period. Net income fell 1.8%to $38 million. Excluding a 3.2% increase from acquisitions, sales decreased 4% on an organic basis reflecting a 3.5% decline in the Service Center segment and a 4.9% decline in the Fluid Power &
Applied Industrial Sales Fall 0.8% in Fiscal Second Quarter Read More »
Innovation is hard to define. But that didn’t stop us from trying to get beyond generic bromides to analyze what it means in markets that are getting increasingly commoditized – by Amazon Business, new emerging marketplaces and other alternative supply sources. “Innovation in the commercial and industrial space is the equivalent of adding incremental or new
New MDM Podcast: The Value in Making Innovation Part of Your Business Model Read More »
AD, Wayne, Pennsylvania, the largest contractor and industrial products wholesale buying group in North America, has announced a new director and two reelected directors among its complement of 12 board members and committee chairs. President of Border States Electric David White is AD’s newest director. White served on the board previously while he was president of Shealy Electrical
AD Elects 2020 Board of Directors Read More »
Led by declines in production-related indicators, the Chicago Fed National Activity Index (CFNAI) fell to 0.35 ;in December from +0.41 in November. Three of the our broad categories of indicators that make up the index decreased from November, and three of the four categories made negative contributions to the index in December. The index’s three-month
The Chicago Fed National Activity Index Fell to -0.35 in December Read More »
Ohio Transmission Corporation, an industrial equipment service provider and distributor headquartered in Columbus, Ohio, has acquired Laron Inc., Kingman, Arizona, a leading service provider of mechanical and electric motor repair and engineering in the southwestern United States. Terms of the transaction were not disclosed. Since its founding, Laron has provided industrial support services, including heavy industrial automation, machining,
Ohio Transmission Corporation Acquires Second Arizona Company Read More »
We’re already seeing some of the tariffs imposed in 2018 and 2019 beginning to be rolled back, but there’s still some confusion and uncertainty over what lies ahead for U.S. manufacturers and distributors in 2020. This week, for example, President Donald Trump told the Wall Street Journal that he’s serious about imposing tariffs on European cars. At the
5 Things Distributors Should Know About the Impact of Tariffs on US Business Read More »
Power management company Eaton on January 21 announced it has entered into an agreement to sell its Hydraulics business to Danfoss A/S, a Danish industrial company, for $3.3 billion in cash — a 13.2 multiple of 2019 EBITDA. Eaton’s Hydraulics business accounted for 86% of Eaton’s Hydraulics segment revenue in 2019. The business had sales
Eaton Reaches $3.3B Deal to Sell Its Hydraulics Business Read More »
Evergreen Marketing Group CEO Kevin Higginbotham has announced plans to retire in mid-2022. As a result of the announcement, the Evergreen Board of Directors has named a Succession Steering Committee to lead the transition. Higginbotham joined Evergreen in June 1995 as executive director and was named CEO in 2006. Keith Turtenwald, chairman of the Evergreen board of directors, said,
Evergreen Marketing Group Outlines Succession Plan Read More »
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