Genuine Parts Company also reported 2021 fourth-quarter sales of $4.8 billion, a 13% increase over the same period in 2020.
Posts By Mark Powell
US Foods Holding Corp. reported 2021 fourth-quarter sales of $7.6 billion and year-end sales of $29.5 billion.
Fortive Corp. says its board authorized a repurchase program under, which Fortive may purchase up to 20 million shares of its common stock.
The Roswell, Georgia-based landscape company also reported 2021 year-end net sales of $3.48 billion, a 29% jump over 2020.
The global provider of security solutions and security and audio-visual products announced it has acquired the California-based company.
Privately‐owned housing units authorized by building permits in January were at a seasonally adjusted annual rate of nearly 1.9 million.
The Census Bureau says the combined value of distributive trade sales and manufacturers’ shipments for December dropped 0.7% from November.
Advance estimates of U.S. retail and food services sales for January were $649.8 billion, an increase of 3.8% from December.
The company’s net sales for the fourth quarter of 2021 reached a ‘record’ $1 billion, while total yearly sales topped $5 billion.
Ace Hardware Corporation reported record 2021 total revenues of $8.6 billion and 4Q revenues of $2.1 billion.
Price pressure trends continue as last month’s wholesale inflation was 9.7% higher than January 2021, the Bureau of Labor Statistics said.
The company says the rebranding will unify its growing team under one name to ‘better demonstrate our consolidated North American presence.’
Consolidated sales in 2021’s 4Q decreased 4.3% compared to the prior year, but overall annual sales were up 3.3%.
Pipes, valves and fittings distributor MRC Global Inc. reported 2021 4Q sales of $686 million, an 18% increase over 2020.
The private equity firm acquired Benoist Brothers Supply Co., a Midwest-based regional distributor of HVAC/R equipment, parts and supplies.
The board of directors for one of the largest foodservice distributors in the U.S. has decided to separate the roles of CEO and chair.
WESCO International Inc. reported 2021 fourth-quarter sales of $4.9 billion, a 17.5% increase over the same quarter in 2020.
Genuine Parts Company announced an increase in the regular quarterly cash dividend for the 66th consecutive year.
The company completed its acquisition of the Maryland-based fresh produce distributor in a deal that previously was announced in December.
Supply chain issues and other disruptions are likely to continue, but distributors who leverage data into efficient customer relationship management can succeed in 2022, Brian Friedle says in the latest MDM webcast.
