Industrial distribution giant Grainger says its High-Touch Solutions (N.A.) segment sales were up 1.8%, and 3.4% on a daily basis versus the prior-year quarter.
Eric Smith
Senior Editor Eric Smith is an award-winning business journalist whose coverage focus includes economic news and insights, industry trends, M&A, and analysis of small businesses and public companies across the wholesale distribution marketplace. Reach him at eric@mdm.com or 720-207-0335.
Posts By Eric Smith
Net product sales for Amazon totaled $57.5 billion in the quarter, up 27.2% from $41.8 billion in the year-ago period.
The growth marks a steady improvement from the fourth quarter of 2021, when real GDP increased 4.3%.
The Chicago-based MRO distributor Lawson Products also saw its average daily net sales grow 15.6% as the company began 2021 with a bang.
The Graybar CEO says distributors shouldn’t promote diversity, equity and inclusion just because it’s the right thing to do — though it is! — but because it helps grow the bottom line.
Year to date, sales increased 6.2% to $14.3 billion for the Phoenix, Arizona-based electronics distribution giant Avnet.
The U.S. Census Bureau has released advance indicators showing that the international trade deficit and wholesale inventories both increased in March.
The company also saw net income grow 120.6% compared to 2020; both revenue and profit were records for the electrical distributor.
Profit for the Swedish manufacturer Atlas Copco increased 7% over the prior year.
The electrical giant reported profit of $502 million, a 34% improvement when compared to the year-ago period.
Acquisition of specialty adhesive solutions manufacturer expands Hisco’s national converting and fabrication capabilities.
Burke Herring will be retiring after nearly four decades of service with the electrical distributor.
Manufactured durable goods have increased 10 out of the last 11 months, with February the only decline in nearly a year.
SCEP’s investment in the Florida-based electrical distributor marks its 44th distribution investment since 2007.
Genuine Parts Co., the parent of Motion, reported that the distributor’s 1Q sales of $1.5 billion were up 0.1% year-over-year and represented 34% of the company’s revenues in the period.
Latest Chicago Fed National Activity Index (CFNAI) shows that all four broad categories of indicators used to construct the index made positive contributions in March, and all four improved from February.
What distributors need to know about buying and selling as they navigate the post-pandemic consolidation boom.
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Watsco's HVAC equipment sales increased 14% in the quarter, other HVAC products increased 11% and commercial refrigeration equipment increased 10%.
The facility will become Winsupply’s sixth regional distribution center (RDC) following others in Ohio, Colorado, Connecticut, Virginia and Florida.
Monte Salsman, the president of Winsupply Acquisitions Group, took to the road — literally — to safely meet with potential partners and keep the distributor’s M&A pipeline full.
