The year-over-year growth was down from the 19% reported during the company's 2023 first quarter.
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Dakota Fluid Power will increase Singer Industrial’s North America footprint to approximately 85+ locations with over 1,200 employees.
She will represent Sonepar in the manufacturing community and work to expand the companies’ financing solutions.
The company said that Aerospace/Defense sales were up 21.2%, while Industrial sales were up 4.7%.
Despite strong numbers from the company's Patient Direct segment, overall sales increased just 2.5%.
The company reported its July sales figures, which showed net and daily sales were up 3.7% compared with the same period in 2022.
During the quarter, operating income more than tripled and adjusted EBITDA increased by $8.4 million, or nearly 27%.
It's a big week for industrial manufacturer's financial reports. We recap the key figures for four of them here.
The company says net sales for 2023's second quarter were $816 million, a decrease of $423 million from last year.
Rancho has grown into a successful enterprise that provides customers with JanSan, foodservice and packaging products and services.
The program caters to professionals in the construction and industrial space and will take place March 12-14, 2024.
DuPont announced the acquisition during its 2023 second-quarter earnings call on Aug. 2.
RENO Hardware and Supply's locations in Riverside, Burbank and Signal Hill will become part of the White Cap suite of brands.
Member sales in the first six months of 2023 reached a new record of $37.8 billion across 14 divisions and three countries.
After a rollercoaster first half to start 2023, mergers and acquisitions seem to have leveled off to begin the second half.
The company's 2023 second quarter included one new acquisition and the naming of a new Chief Strategy Officer.
In the latest Baird-MDM quarterly industrial distribution survey, we asked how manufacturers could make partnerships more efficient. See our analysis and plenty of respondent commentary.
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Year-over-year sales growth slowed to 2% in the second quarter, but operating margin increased to 20.6%, according to an earnings report.
The company also has named Bill Withers as Business Development Manager of its Northeast Region.
Sales within the company's Performance Coatings Group increased 0.3% during the quarter.
