Top reasons cited for inventory reductions: better planning, drop in sales, and new focus.
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Prices for finished goods advance 4.2 percent for 12 months ended July 2010.
Profit for the first half was up 20% from the same period last year.
U.S. sales were up 17 percent overall for Grainger.
Sales for the industrial distributor were up 23 percent in the fourth quarter.
June consumption of manufacturing technology is up 35.8 percent from May.
Industrial distribution sales increased 35.2 percent during the quarter.
Sales in Parker Hannifin’s fourth quarter were up 26% from the prior-year period.
UZ expands Applied Industrial’s government business.
Sales to the facilities maintenance end-market fell 0.7 percent during the quarter.
For the fiscal year, Kennametal’s sales declined 8 percent.
Electrical distributor Rexel reported sales decline of 3.6 percent in the U.S.
Cerberus offers $3.40 a share for building materials distributor.
All four of WESCO’s major end markets and all six major product categories experienced growth over first quarter results.
Airgas Board of Directors: Air Products ‘continues to grossly undervalue’ the industrial, medical and specialty gases distributor.
June housing starts were at a rate of 549,000, 5% below May and 5.8% below June 2009.
Overall, Genuine Parts Co. sales increased 12% for the quarter.
Increases in heavy manufacturing contributed to Grainger’s sales growth in the U.S., Canada.
Year to date, Fastenal’s sales have increased 13.2 percent.
May consumption of manufacturing technology was down 22.9% from April.
