Company posts solid second quarter results, as seasonal business rebounds from Q1.
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Distributors second-quarter sales rise 24 percent to $93.9 million.
Orders rise 5 percent year-over-year; Northeast shows strength in power generation, aerospace activity.
The openings expand Winsupply's reach in Texas, Tennessee and Georgia.
Company reports strong fourth quarter and full year ended June 30, boosted by FCX acquisition.
MDM’s top news briefs from July 26 – August 10, 2018.
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The MDM Market Snapshot, based on data from MDM Analytics, includes market demand for Motors in the U.S., plus the top end users by 6-digit NAICS.
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This is the PDF of this issue of Modern Distribution Management.
Table of Contents:
- AI is Changing How Distributors Operate
- Commentary: How Do You Spell Respect?
- A Strategic Imperative to Fight the Sales Status Quo
- Tariffs Top Manufacturer Concerns
- Market Snapshot: Market Demand for Motors
- MDM News Digest 4815
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Sales of $893 million reflect integration of Cedar Creek acquisition, completed in April.
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Acquisition expands distributors overall footprint.
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Distributors need to be as profitable as possible to stay competitive.
Distributors sales increase 60%; Allied integration progresses ahead of schedule.
For the first six months sales grew 11.8 percent year-over-year.
Distributor has acquired business in Louisiana, Kentucky and California.
The value of building permits in the non-residential sector rose 4.6 percent in June.
Sales for the first six months increased 20.2 percent year-over-year.
The organizations will collaborate on content development and education.
