Earnings Roundup: Avnet, Timken, MSA Safety, ITW, BlueLinx
MDM looks at another round of earnings reports from industrial distributors and manufacturers.
Earnings Roundup: Avnet, Timken, MSA Safety, ITW, BlueLinx Read More »
2023
March NonRes Construction Spending Up 0.7%
On a seasonally adjusted annualized basis, nonresidential spending totaled $997.1 billion for the month, according to ABC.
March NonRes Construction Spending Up 0.7% Read More »
Builders FirstSource 1Q Sales Decline 31.6%
The decline in sales was primarily driven by a weak housing market that has plagued the building materials and construction industries for the past year.
Builders FirstSource 1Q Sales Decline 31.6% Read More »
Fed Enacts Another Quarter-Point Rate Hike
The central bank lifted rates by a quarter of a percentage point but indicated it may pause further increases.
Fed Enacts Another Quarter-Point Rate Hike Read More »
AFC Industries Acquires Rubber Sealing Distributor EAP Int’l
The distributor of rubber sealing products, O-rings, gaskets and associated technical products marks AFC’s fourth acquisition in 2023.
AFC Industries Acquires Rubber Sealing Distributor EAP Int’l Read More »
DuPont to Acquire Spectrum Plastics for $1.75B
The acquisition is expected to close in 2023’s third quarter.
DuPont to Acquire Spectrum Plastics for $1.75B Read More »
Singer Industrial Acquires Hotsy Industrial Systems
The deal will increase Singer Industrial’s North American presence to roughly 85-plus locations with over 1,000 employees.
Singer Industrial Acquires Hotsy Industrial Systems Read More »
Danfoss Power Solutions Names 2 New Executives
Smulski and Hill both have previous experience as sales leaders with Danfoss.
Danfoss Power Solutions Names 2 New Executives Read More »
ABC: Construction Job Openings Dropped by 63K in March
The construction industry had 341,000 job openings in March, according to an Associated Builders and Contractors analysis of federal data.
ABC: Construction Job Openings Dropped by 63K in March Read More »
Daikin Applied Acquires Carroll Air Systems
Daikin Applied’s regional service operations will combine with the Carroll Air Systems service team, according to a news release.
Daikin Applied Acquires Carroll Air Systems Read More »
Encore Gas & Supply Opens New SoCal HQ
The new campus, located in Long Beach, includes an 1,800-square-foot showroom and a 20,000-square-foot warehouse.
Encore Gas & Supply Opens New SoCal HQ Read More »
Global Industrial 1Q Sales Drop 5% YoY
The company reported 1Q 2023 gross profit of $98.4 million, down from the $107.8 million reported during the same quarter in 2022.
Global Industrial 1Q Sales Drop 5% YoY Read More »
AI in the Field: The Secret to Success in Outside Sales
Proton.ai founder and CEO Benj Cohen discusses how artificial intelligence can help outside sales representatives engage with customers more effectively.
AI in the Field: The Secret to Success in Outside Sales Read More »
Fluid System Components Acquires Norcan Fluid Power
Norcan is a distributor of fluid power and pneumatic products with eight locations across western Canada.
Fluid System Components Acquires Norcan Fluid Power Read More »
BradyIFS Expands into Florida, Acquires Southern Janitor Supply
Southern Janitor will be the first Florida location for BradyIFS.
BradyIFS Expands into Florida, Acquires Southern Janitor Supply Read More »
GMS Acquires Home Lumber & Building Supplies
Home Lumber is GMS’s fourth acquisition of 2023.
GMS Acquires Home Lumber & Building Supplies Read More »
BigCommerce Releases Next Version of B2B Edition
The company says the latest release will enhance the online selling experience for suppliers, manufacturers, distributors and wholesalers.
BigCommerce Releases Next Version of B2B Edition Read More »
What’s the Biggest Barrier to Leveraging Tech? Here’s What Distributors Said
In the Baird-MDM 1Q Survey, we asked distributors what obstacles they faced when trying to leverage technology. Read the responses here.
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What’s the Biggest Barrier to Leveraging Tech? Here’s What Distributors Said Read More »
Kennametal Reports $536M Sales in Fiscal 3Q
The industrial distributor’s fiscal 3Q sales grew 5% year-over-year.
Kennametal Reports $536M Sales in Fiscal 3Q Read More »
Werner to Train 50K People Through 300 Safety Training Events
In 2023, Werner is hosting nearly double the amount safety training events it offered in 2022.
Werner to Train 50K People Through 300 Safety Training Events Read More »
