Net profit declined in 2Q, which the company partly attributed to its ongoing strategic transformation project.
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PSE Group has grown to include more than 72 branch locations and four distribution centers throughout the U.S.
Timken expands further into the automation and robotic solutions field, after acquiring Cone Drive in 2018, Spinea in 2022 and CGI in 2024.
U.S. unemployment rose to 4.3% in July, higher than a year earlier when unemployment was at 3.5%.
The acquisition of Mexico-based Auge is set to enhance Lamons' ability to meet market demands across a regionally-focused supply chain.
Singer Industrial expands its footprint in North America to more than 100 locations with over 1,500 employees.
It was the second straight monthly decrease after May orders fell 0.5%.
HARDI reports a revenue increase for distributors in June, despite fewer billing days compared to last year.
It's MCE's 14th bolt-on since the start of 2023.
US LBM now runs 18 locations in Florida including this latest acquisition.
It completes a years-long corporate transition for the distributor of plumbing, HVACR, PVF and industrial supplies.
Missing economists' expectations, June was dragged down by both public and private construction.
Membership growth for the contractor and industrial supplies buying group has outpaced the impact of consolidation, AD CEO Bill Weisberg said.
As expected, DSG's organic sales declined compared to a year ago but sequential improvement was driven by increased sales in many end markets.
Star Stainless will stock and supply BUMAX stainless steel products to fastener distribution and industrial suppliers across the U.S.
Romy O’Daniel now leads the distributor after roles at Crescent Electric, HD Supply and Grainger.
The distributor noted cautious customer purchasing and mixed monthly revenue performance.
See who Kodiak has promoted to succeed current CIO Brad Becker upon his retirement at the end of the year.
Parker Hannifin’s divestiture of several businesses in the past three years totals nearly $450 million in annual sales.
Q2 growth driven by DEWALT, Outdoor Products and Engineered Fastening was offset by SBD's divested Infrastructure segment earlier this year.
