The company raised its outlook for operating margins, driven by strong performance in its Aerospace Systems segment.
Latest In News
Sterling Heights, MI-based D.F. Burnham is a distributor of hydraulic and pneumatic components.
The company cited a persistent “broader ecosystem inventory correction” causing a challenging market.
The company is set to enhance its presence in Louisiana with a new facility that is expected to create around 20 jobs.
The company is anticipating a negative impact on sales from hurricanes Helene and Milton in its fourth quarter.
Sales in both its Electronic Components and Farnell business units declined by double digits.
The new facility is set to offer specialized handling for sensitive products available by early 2025.
These reports deliver a wealth of wholesale distribution economic metrics and dealmaking analysis covering July-September.
Orders rose 0.4% when excluding aircraft and autos.
The company enhanced its offerings across its business and marketplace with the addition of new products and supplier partnerships.
The company appointed a new executive VP, leveraging his extensive industry experience.
CRC is a distributor of polymer sealing solutions and related services.
Fort Worth, TX-based Cohn & Gregory is a distributor of pipes, valves, fittings, flanges and other industrial products.
The WTO predicts a 2.7% increase for the rest of 2024 and 2025, while cautioning about potential setbacks from regional conflicts.
The replacement tires supplier secured a $250 million financing agreement with a lender group to support its restructuring efforts.
The company reported a slight increase in sales to $1.1 billion, driven by acquisitions, offset by mixed demand trends.
Although sales decreased, the full-year gross margin increased by 70 basis points compared to the previous year, reaching 41.2%.
The IMF projects a decrease in global inflation while predicting slower 2025 economic growth in the U.S. and other regions.
HCI has formed Driven Distribution Group via acquiring Chicago Parts & Sounds, a distributor of auto parts and accessories.
The company’s 3Q results showed stronger unit sales and digital growth, despite slight decreases in gross and operating margins.
