The company announced the opening of a distribution center in Dallas and the appointment of new President and CEO, effective Sept. 30.
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The PMA report shows that metalforming manufacturers are approaching the next months with caution, due to economic uncertainty.
The PMI reported the seventh consecutive month of contraction, amid weak demand and cautious investment.
AD added 115 new members in the first nine months of the year, which doesn't include the influx of members from the IMARK Electrical merger.
Optimum was a top customer whose contract expired at the end of June. Excluding that, 1Q sales saw double-digit annual growth.
The company raised its outlook for operating margins, driven by strong performance in its Aerospace Systems segment.
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.
