Snap-on's 7.8% sales increase in 3Q was up from 4Q 2022’s year-over-year increase of 4.3%.
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Motion, Genuine Parts Company's industrial segment, achieved sales of $2.3 billion in 2023's first quarter.
DXP's 38.6% year-over-year sales growth in 4Q followed 33.8% growth in 3Q.
The distributor said pricing's impact on 1Q sales was roughly half what it was in 2022's third quarter.
Double-digit year-over-year sales and profit gains continued for the distributor, for which eCommerce comprised 62% of quarterly sales.
The St. Louis-based waterworks and industrial supplies distributor posted record sales in its fiscal 2022 that ended in late January.
The electrical products distributor says it also completed 20 acquisitions and welcomed 2,100 new associates in 2022.
Enerpac has reported record gross profit margins and adjusted EBITDA margins since rebranding from Actuant in 2019.
After Lawson Products transformed into DSG last year, the multi-faceted distributor has reported strong financials. Here’s why the company isn’t slowing down.
DXP made four acquisitions during 2022 and ended the year by raising $105 million in borrowings to fund further growth.
The financials included results for Varis, the company's new B2B marketplace launched during 2022's fourth quarter.
That included $430 million in revenue from Lawson Products, up 15.6% vs. 2021.
The company's income from operations for 2022 increased nearly 60% over the previous year, Graybar announced.
For all of 2022, revenue was $503 million an increase of 25% over 2021, Allied said in its recent earnings announcement.
Fourth quarter revenue in Wajax's Industrial Parts segment rose 26.9% year-over-year.
Net sales for 2022 increased 4.2% to $1.49 billion, compared with $1.43 billion in the prior-year period, Hillman reported.
The deceleration was expected after Ferguson posted 16.6% year-over-year sales growth in 1Q.
It was a deceleration from January's 11.2% growth, but another solid month nonetheless.
Fiscal 2023 4Q revenue was $125.1 million, up 11% from $112.4 million in fiscal 4Q 2022, the company said.
Net sales increased 7% year-over-year in 3Q, down significantly from 2Q sales growth of 24.4%.
