Endries Names New President and CEO
Michael Knight will succeed longtime Endries President Steve Endries, who will remain with the company.
Endries Names New President and CEO Read More »
October 2022
Stellar Industrial Supply Acquires SoCal Supplier
Stellar said the deal strengthens its presence in the Los Angeles Metro region as well as the state’s Central Valley region.
Stellar Industrial Supply Acquires SoCal Supplier Read More »
AD Reports Record Member Sales Through Nine Months
Sales increased 26% to $55.8 billion through nine months, the independent distributor organization said.
AD Reports Record Member Sales Through Nine Months Read More »
Baird-MDM 3Q Survey: Distributors Expect Pricing to Increase at Slower Rate in 2023
The quarterly Baird-MDM industrial distribution survey gauged distributors’ confidence heading into 2023. Here’s what they had to say about pricing expectations.
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Baird-MDM 3Q Survey: Distributors Expect Pricing to Increase at Slower Rate in 2023 Read More »
Report: Prices for Most Goods Rose 6.2% in Sept.
Prices climbed about 6.2% last month compared to a year earlier, the same rate as in August, according to the Commerce Department.
Report: Prices for Most Goods Rose 6.2% in Sept. Read More »
Amazon 3Q Sales Rise 15% to $127B
While sales increased over 3Q 2021, net income decreased to $2.9 billion, or $0.28 per diluted share, Amazon said.
Amazon 3Q Sales Rise 15% to $127B Read More »
Grainger Poised for Strong Finish after 3Q Sales Jump 17%
Sales growth was slower than in 2Q, but Grainger remains on pace to finish 2022 strong.
Grainger Poised for Strong Finish after 3Q Sales Jump 17% Read More »
Lawless Group East Hires New Regional VP
Jerrel Flatt recently worked for Apex Tool Group, LLC and prior with Colony Hardware, Werner Co. and Newell Rubbermaid.
Lawless Group East Hires New Regional VP Read More »
Price Changes and Inventory Shortages Don’t Need to be Difficult Conversations
Barrett Thompson discusses how sellers can maintain positive relationships with customers despite a harsh economic environment.
Price Changes and Inventory Shortages Don’t Need to be Difficult Conversations Read More »
Earnings Roundup: Stanley Black & Decker, Avnet, Timken, ITW and more
MDM looks at reports from Stanley Black & Decker, Avnet, Timken, Illinois Tool Works, MSA Safety Incorporated, Caterpillar and Saint-Gobain.
Earnings Roundup: Stanley Black & Decker, Avnet, Timken, ITW and more Read More »
Applied Industrial Fiscal 1Q Sales Rise 19%
In its fiscal 1Q 2023, Applied Industrial Technologies reported net sales of $1.1 billion and net income of $76.9 million.
Applied Industrial Fiscal 1Q Sales Rise 19% Read More »
Sherwin-Williams Breaks Ground on Expansion in North Carolina
The expansion will double the paint and coating manufacturer’s existing workforce in Statesville, North Carolina.
Sherwin-Williams Breaks Ground on Expansion in North Carolina Read More »
Regal Rexnord to Buy Altra Industrial Motion for $5B
The acquisition comes roughly a year after the merger between Regal Beloit and Rexnord Corp.
Regal Rexnord to Buy Altra Industrial Motion for $5B Read More »
Wholesale Data Analysis: Falling Expectations and the Numbers Behind Employment Struggles
Mike Hockett breaks down the latest figures showing distributors’ expectations for 2023 and beyond, as well as data that illustrates why distributors are still struggling with staffing despite a growing labor pool.
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Digicomm Appoints New Chief Operating Officer
Vin Zachariah will be responsible for process improvement across the company and developing execution strategies to drive scale and growth.
Digicomm Appoints New Chief Operating Officer Read More »
Optimas Rolls out Diversity, Equity and Inclusion Policy
The fasteners manufacturer and distributor said the policy serves to enhance existing regional practices.
Optimas Rolls out Diversity, Equity and Inclusion Policy Read More »
Motion Ai Opens Expanded Minnesota Facility
The new 105,000 square-foot facility features 55,000 more square feet over the old location, Motion said.
Motion Ai Opens Expanded Minnesota Facility Read More »
Sonepar’s NorthEast Electrical to Acquire New England’s Rockingham Electrical
Rockingham brings 10 New England branch locations and over 100 associates to Sonepar.
Sonepar’s NorthEast Electrical to Acquire New England’s Rockingham Electrical Read More »
Earnings Roundup: Graybar, 3M, Pentair and More
MDM looks at third-quarter 2022 earnings reports from Graybar, 3M, Pentair, SKF, Kimberly-Clark and Simpson Manufacturing.
Earnings Roundup: Graybar, 3M, Pentair and More Read More »
Dynabrade Achieves ISO 9001:2015 Certification
The sought-after certification enhances a supplier’s credibility for meeting customer expectations for products and services.
Dynabrade Achieves ISO 9001:2015 Certification Read More »
