For the first six months of its 2023 fiscal year, net sales increased 23% over the same period in FY 2022 to $28.6 billion.
Latest In Earnings
MDM looks at another round of earnings reports from industrial distributors and manufacturers.
MDM looks at another round of earnings reports from industrial distributors and manufacturers.
Fastenal bounced back after a December that saw slower sales growth.
The company's sales growth flattened to end the year, while full-year sales grew by a modest 3%, according to Honeywell.
MDM looks at another round of earnings reports from industrial suppliers.
Avnet's 2Q sales were up 14.5% year-over-year, according to its Feb. 2 earnings announcement.
The toolmaker reported full-year 2022 revenues of $16.9 Billion, an 11% increase over the prior-year total.
For the full year, Grainger saw its sales grow 16.9% from 2021.
The water treatment company attributed the year-to-year growth to the performance of its two business segments.
During 2022, AD’s membership grew to 866 separately owned independents across 14 divisions and three countries.
Full-year sales and revenue also increased 17% over the prior year, the heavy equipment maker said in a Jan. 31 announcement.
The company's fiscal 2023 1Q (October-December 2022) sales grew 6.7% year-over-year compared with 17.6% in 2022 4Q.
Kimberly Clark's Professional segment posted net sales of $800 million in 4Q.
Applied Industrial Technologies continued its strong start to 2023 with an impressive fiscal second quarter.
The PPE supplies and adhesives maker experienced slower-than-expected fourth-quarter growth in consumer-facing markets.
The 12.2% sales growth was the slowest monthly increase since July 2021, said HARDI Market Research & Benchmarking Analyst Brian Loftus.
Though solid, sales and profit growth were considerably smaller than the previous several quarters.
The distributor posted operating income of $116 million as it had yet another month with double-digit year-over-year quarterly sales growth.
It's the first time Zoro has reached $1 billion in sales over the course of a calendar year.
