Fastenal’s reported daily sales for the month also were down 3.2% versus a year ago as safety sales dipped 44.1% in May.
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
Specialty building materials distributor US LBM Holdings again expands its presence in Texas with an agreement to acquire J.P. Hart Lumber and Hart Components.
Dayton-based distributor adds Greenville, North Carolina, company to its portfolio.
Distributor says the purchase will enhance its leadership position in metalworking and expand its aerospace industry presence.
Builders FirstSource, Watsco, US LBM Holdings, DXP Enterprises and others announced acquisitions in May, returning M&A volume to a healthy pace.
Landscape distributor is growing its Irrigation Station business with Texas locations in Katy, Conroe, San Antonio, Austin, Mansfield and Richland Hills.
Manufactured durable goods, which had increased 11 consecutive months, had been up 1.3% in March.
The U.S. Census Bureau has released advance indicators showing that the international trade deficit declined while wholesale inventories increased in April.
Current dollar GDP increased 11% at an annual rate, or $566.3 billion, in the first quarter to a level of $22.1 trillion
The association’s first live event will be its Eastern Regional Conference in November.
Distributors are in a war for talent — here’s the latest intel on how to successfully attract the best and brightest of Gen Z.
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Brad Fairbanks and Tyler Rast will continue to lead the company under the Beehive banner.
The international distribution and services group said it has added Obex Medical Holdings to its portfolio.
Supply chain leaders at distributors are busier than ever these days as they scramble to address a litany of issues. Here’s what they’re saying about the crisis and how they’re dealing with it.
Pittsburgh-based PPG has completed the acquisition of Wörwag, which employs 1,100 people worldwide.
How did the public distributors (and manufacturers relevant to this space) perform in the calendar first quarter? Our recap provides highlights of their revenue and earnings results.
According to the Industrial Production and Capacity Utilization Report, manufacturing output increased 0.4% during the month.
Panelists discuss headless versus full-stack e-commerce solutions — including what these terms even mean — on the latest MasterB2B “un-webinar” from Andy Hoar and Brian Beck.
The seasonally adjusted Fastener Distributor Index (FDI) for April was 58.7, down from 66 in March due to global supply chain issues.
Atlas Copco’s newest asset, MidState Air Compressor, has 15 employees and covers markets in Connecticut, Rhode Island and Massachusetts.
