3Q23 revenue growth for industrial sectors declined 0.5%, according to the latest Baird-MDM Distribution Survey. Premium members can get our resulting MarketPulse report now.
MarketPulse: 3Q23 Stays in the Red as Markets Continue Settling Read More »
The company reported double-digit organic sales growth in commercial aviation, defense and space and process solutions.
Honeywell 3Q Sales Up 3% as Margins Improve Read More »
The deal further boosts their geosynthetics offerings, two months after the opening of a new Southern California facility.
Core & Main to Acquire Enviroscape in Ohio Read More »
Metalworking supplier Kennametal announced that its Board of Directors appointed William Lambert as Chairman of the Board, effective Nov. 1. Lambert succeeds Lawrence Stranghoener, who is stepping down from the role after serving as either Chairman or Independent Lead Director since 2015. Stranghoener will remain on the Board of Directors and serve on its Audit
Kennametal Names Former MSA CEO as Chairman Read More »
The bearings maker said it’s eyeing the sale of non-core Aerospace product lines, which include seals, rings and PEDs.
SKF 3Q Sales up 3%; Exploring Aerospace Divestments Read More »
In line with The Home Depot’s efforts to grow its underserved Pro market, the retail giant has named two executives to help lead the charge.
Home Depot Religns Execs to Boost Pro Offering Read More »
Year-over-year sales declines continued at the toolmaker, but gross margin and operating margins improved substantially.
Stanley B&D 3Q Sales Fall 4%, But Gross Margin Jumps Read More »
While the tentative deal ends Ford-related strikes, thousands of UAW members remain on strike at at General Motors and Stellantis.
UAW Ends Ford Strike with Tentative Contract Read More »
MDM’s Spencer Gale highlights the significant presence of emerging leaders and the strong sense of community at ISA’s Fall Summit.
Community, Connection Strong Themes at ISA Fall Summit 2023 Read More »
It dwarfs the 2.1% growth seen in 2023’s second quarter.
Advance: U.S. 3Q GDP Jumped to 4.9% Growth Read More »
Parker Hannifin’s Board elected COO Andrew Ross as the company’s President, and elected CEO Jennifer Parmentier as Chairman.
Parker COO to Become President on Jan. 1 Read More »
Net sales for the first quarter of the company’s fiscal year were $1.1 billion, an increase of 3.1% over the prior year.
Applied’s 1Q Sales Slow, but EBITDA Jumps Read More »
While total sales growth continued to slow from earlier in the year, it still far outperformed the MRO market.
Grainger 3Q Sales Grow 6.7% as Margins Hold Read More »
Four manufacturing companies will merge to create a single-source provider of full-service manufacturing and fabrication solutions.
4 Metal Fabrication Firms Merge to Create Caldera Manufacturing Read More »
DSG’s new facility in Butte, Montana, will serve as a central distribution point for the distributor’s other locations in the state.
DSG Breaks Ground on Facility in Montana Read More »
To fully serve the new territories awarded by OEM partner American Standard, HVAC distributor Team Air will open three new branch locations.
HVAC Distributor Team Air Gains New Territories Read More »
In the second of his three-part series, Randy MacLean shows the manageable metrics that drive operational efficiency and guide labor assignments.
How to Apply Analytics for Smarter Distribution Labor Read More »
Earlier this week, the 40-day strike expanded to a General Motors plant in Texas, where 5,000 workers walked out.
Report: UAW Moves Toward Strike-Ending Deal with Ford Read More »
Domestic M&A activity across all industries was down again, continuing a sequential downward trend that started during the last three months of 2021.
3Q 2023 M&A Report: Period Displays 2023’s Up-and-Down Pace Read More »
While MSC’s June-August quarter ended with strong daily sales growth, it flattened to low-single digits in September and October.
MSC Nets $4B Sales in Fiscal 2023; ADS Flattens Read More »
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