The new DC significantly expands the company'sfootprint in Canada, while its margin and profit dipped in 3Q despite higher sales.
Latest In Earnings
MDM looks at another round of earnings reports from industrial distributors and manufacturers.
Sales increased 26% to $55.8 billion through nine months, the independent distributor organization said.
While sales increased over 3Q 2021, net income decreased to $2.9 billion, or $0.28 per diluted share, Amazon said.
Sales growth was slower than in 2Q, but Grainger remains on pace to finish 2022 strong.
MDM looks at reports from Stanley Black & Decker, Avnet, Timken, Illinois Tool Works, MSA Safety Incorporated, Caterpillar and Saint-Gobain.
In its fiscal 1Q 2023, Applied Industrial Technologies reported net sales of $1.1 billion and net income of $76.9 million.
MDM looks at third-quarter 2022 earnings reports from Graybar, 3M, Pentair, SKF, Kimberly-Clark and Simpson Manufacturing.
Mike Hockett analyzes the noticeably different levels of optimism in the commentary given by industrial distributors Fastenal and Motion in their third-quarter earnings calls.
The companies reported strong third-quarter figures, with Watsco and Pool Corp breaking sales records and Snap-On topping $1.1 billion.
Sales growth at Motion Industries narrowly outpaced that of 2Q, with organic sales driving the majority of it, alongside a continued boost from Kaman Distribution Group.
The metalworking and MRO supplies distributor's fiscal year ended Sept. 3, and its strong momentum bodes well for the greater industrial supplies market.
It was another quarter of double-digit sales and profit gains for the industrial supplies distributor, which saw softening demand and tougher year-over-year comparables.
Changes include the appointment of Andrew G. Long as EVP, CEO, products & healthcare services segment, replacing Jeffrey T. Jochims.
That strong growth was aided by an additional billing day vs. a year ago.
The world’s largest plumbing products distributor saw 21.4% growth in the May-July period.
The company's June-August revenue increased slightly on higher fees, while profits fell considerably.
The MRO products giant's annual Investor Day event outlined the company's three-year performance projections, which include continued strong sales growth.
The distributor of electrical, data and security products celebrated its centennial with an eventful Sept. 7 that shared a ‘New Wesco’ vision going forward. Get the details here.
The St. Louis-based company said fiscal 2022 second-quarter sales rose to $1.86 billion for the period ending July 31.
