NAW-McGladrey Distribution Monitor shows thriving distributors are more likely to invest than declining distributors.
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Kevin McBride and Emmanuel Dupree have been named to leadership roles.
The decrease was due in part to declining oil country tubular goods sales.
In May, prices fell slightly in both zones.
Avoid the trap of building a strategy, only to have it sit on a shelf and gather dust.
The building products distributor expects adverse effects from residential construction levels to continue throughout 2013.
For the first six months, spending was 5.1 percent above 2012 levels.
The new branch in Fort Lauderdale is B&D’s first in south Florida.
For the fourth quarter, sales declined 5 percent from the prior year.
CEO: Weakness in industrial demand and pricing is expected to continue.
With the acquisition, Collins Pipe & Supply will have seven locations in New England and upstate New York.
In North America, volume increased 10 percent from the prior quarter.
Nine-month sales increased 18.3 percent, inorganically, from the prior-year period.
Profit increased 12.9 percent to $13.7 million.
The Purchasing Managers Index was at its highest reading so far this year.
Western is a full-line distributor for Parker Hannifins fluid connector group.
Parker will have two reporting segments, diversified industrial and aerospace systems, starting in 2014.
For the first six months, sales increased 14 percent from 2012 levels.
