August’s growth was considerably revised upward, from 0.5% to 1.0%, according to new data from the Census Bureau.
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Viscan is a leading supplier of specialized screws, general fasteners and related components.
The company reported net sales of $4.5 billion, a 21.3% decrease primarily driven by a weaker housing market and commodity deflation.
It followed two straight months of improvement, retracting further into contraction territory.
The planned cash transaction would be funded through available capacity in Greif’s existing credit facilities.
A court found that the company failed to pay affected workers overtime back wages since August 2018 and violated recordkeeping provisions.
The building materials distributor and manufacturer said that 91% of 3Q 2023 revenue came from distribution.
It's another week for industrial manufacturers' financial reports. We recap the key figures for thee of them here.
During the month, MDM reported on 43 mergers and acquisitions among distributors and manufacturers, the second most in any month this year.
Inline Electric Supply adds TVW Electrical Supplies, a distributor of electrical supplies including power distribution products.
'We are currently unable to process orders online,' a banner reads on the hardware retailer's website.
3Q23 revenue growth for industrial sectors declined 0.5%, according to the latest Baird-MDM Distribution Survey. Premium members can get our resulting MarketPulse report now.
The company reported double-digit organic sales growth in commercial aviation, defense and space and process solutions.
The deal further boosts their geosynthetics offerings, two months after the opening of a new Southern California facility.
While the tentative deal ends Ford-related strikes, thousands of UAW members remain on strike at at General Motors and Stellantis.
Net sales for the first quarter of the company's fiscal year were $1.1 billion, an increase of 3.1% over the prior year.
Earlier this week, the 40-day strike expanded to a General Motors plant in Texas, where 5,000 workers walked out.
Domestic M&A activity across all industries was down again, continuing a sequential downward trend that started during the last three months of 2021.
The renewed partnership expands Fastenal's NHL presence to include Global Series European games and primetime international broadcasts.
The 126,000-square-foot facility has a strategic location with convenient access from 45th Street in Fargo and 9th Street in West Fargo, North Dakota.
