Wholesale revenues fall slightly, but still up 15.1 percent from May 2009.
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The joint venture creates a $1.2 billion tool business; Cooper and Danaher each have a 50% share.
MSC reports ‘cautious restocking’ by customers.
Three-month moving average increased to +0.28 in May, its highest level since March 2006.
Leaders in industrial, electrical, HVAC/plumbing/PVF, building materials, and power transmission/bearing sectors are named in new report.
But construction spending increases 2.7% over March.
Industrial Production Index for Manufacturing increased 1.1 percent.
Decline of the LEI is first decline for the index since March 2009.
Privately owned housing starts in April were up 5.8% from March and 40.9% from a year ago.
Global distributor sees significant sales gains in Canada, while other geographies continue to decline.
Combined building materials company will operate 479 locations in 45 states and the District of Columbia.
U.S. manufacturing technology consumption rises in double digits in March.
Kaman’s industrial distribution segment sales were up 1.3% from the prior year.
Airgas earnings hurt by legal fees associated with Air Products takeover attempt.
Kaman buys Minarik, which had $84M in sales in 2009, for a purchase price of $39 million.
Industrial supplies distributor Alamo Iron Works filed for Ch. 11 bankruptcy in early April.
Interline Brands reports that its facilities maintenance end-market declined 3.1% in the period.
Copper prices and exchange rates offset headwinds to growth for Anixter.
First quarter results for Stanley Black & Decker include less than a month of Black & Decker sales.
