Sales of durable goods up 5.8 percent from the previous year.
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Sales increase 5.7 percent to $14.4 billion in fourth quarter.
Year-to-date sales decreased 3 percent year-over-year.
Industrial production down 0.5 percent in the EU28.
Fourth quarter sales increased 7.5 percent year-over-year.
The change reflects the expanded market focus that resulted from the company's 2017 acquisitions.
News briefs from July 26 – August 10, 2017
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The MDM Market Snapshot, based on data from MDM Analytics, includes market demand for Hydraulic Valves, Pumps & Cylinders 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:
- Distribution M&A Playbook, pt. 2: The 8 Fatal Flaws in M&A
- Commentary: A Tribute to Rusty Duncan
- MDM Interview: Watsco Aims for ‘Bigger, Better, Faster’
- Market Snapshot: Market Demand for Hydraulic Valves, Pumps & Cylinders in the U.S.
- MDM News Digest 4715
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Address millennials’ needs or risk expanding the generation gap.
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Crow will replace outgoing CEO Floyd Sherman.
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The distributor reported a profit of $3.2 million for the quarter.
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Steve Blanco will oversee operations in Latin America, Canada and the U.S.
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Productivity increases 3.8 percent in durable goods, decreases 0.1 percent in nondurable goods.
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Increased demand for more fire resistant materials led to the acquisition.
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Both parties expect the transaction to be completed in 2017.
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Prices for final demand services up 0.1 percent in June.
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Year-to-date sales up 21.4 percent year-over-year.
