Current dollar GDP increased 6.1% at an annual rate, or $317.6 billion, in the fourth quarter to a level of $21.49 trillion
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 [email protected] or 720-207-0335.
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But the fourth quarter could prove to be a turning point for Lawson, which saw sales soar 10.8% to $98.1 million in the period.
Systemax, the parent of Global Industrial, also reported fourth-quarter sales jumped 23.3% to $273.9 million.
Lowe’s reports fourth-quarter revenue grew 26.7% to $20.3 billion.
Indian River Consulting Group’s (IRCG) weekly Pandemic Revenue Index for the work week of Feb. 15 to Feb. 19 decreased 7.2%, the first decline in weeks likely due to inclement weather nationwide but especially in Texas.
Landscape supply distributor SiteOne Landscape Supply Inc. also reported that revenue grew 26% in the fourth quarter.
For the fourth quarter, the big-box retailer — and now the owner of distributor HD Supply — reported sales grew 25.1% to $32.3 billion.
Latest acquisition gives SiteOne its fourth dedicated nursery branch in the Houston MSA.
PPG completes addition of VersaFlex, a manufacturer specializing in polyurea, epoxy and polyurethane coatings for water and waste water infrastructure, flooring, transportation infrastructure and industrial applications
Latest Chicago Fed National Activity Index (CFNAI) shows that all four broad categories of indicators used to construct the index made positive contributions in January, but three categories decreased from December.
Recently formed bearings and power transmission supplier names former COO and CFO Lisa Mitchell as its chief executive.
Electrical distributor promotes Andrew C. Ipson to key sales leadership role.
Auburn Bearing & Manufacturing president says the acquisition “aligns with our strategy to expand our product offerings.”
Indian River Consulting Group’s (IRCG) weekly Pandemic Revenue Index for the work week of Feb. 8 to Feb. 12 increased 5%, returning to the normal growth trend of mid-single-digit improvement.
But housing starts down compared to year-ago period and the previous month, according to the latest residential construction report from the U.S. Census Bureau and the U.S. Department of Housing and Urban Development.
According to the Industrial Production and Capacity Utilization Report, manufacturing output increased 1% during the month, about the same as its average gain over the previous five months.
NOW Inc., which reported a loss of $427 million for the year, also saw revenue sink 45.1% in in 2020.
All Northern Composite employees are staying on and the company will continue to operate at its existing facilities in Hampton, New Hampshire (headquarters), and Greensboro, North Carolina.
Flow Control Group serves more than 10,000 customers and 2,000 suppliers in North America for technical flow control and industrial automation products and related services.
MRO distributor names Bianca Martinez Rhodes as director, expanding the company’s board to eight members.
