Consumption decreased month-to-month, following a healthy gain in August.
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The company appointed an industry veteran to Northeast Region general manager, focusing on growth and customer-facing processes.
Each of DXP's three business segments likewise improved year-over-year and sequentially.
The distributor also announced the pending March succession for its CFO position.
The organic gain outperformed compared to other industrial distributors in the July-September period.
The company's overall sales decrease was attributed to SBD's Infrastructure divestment earlier this year, and lower consumer demand.
3M reported a 1.0% year-over-year increase in organic growth.
U.S. cutting tool consumption hit $209.3 million in August 2024 amid ongoing market challenges and uncertainty for 2025.
The company aims to strengthen supplier partnerships and growth in the packaging sector with two promotions.
The company launched a multi-year marketing deal to enhance brand awareness and support community initiatives.
Gexpro will add Singapore-based Tech Components Resources, a distributor of fasteners mechanical components and other industrial products.
MSC’s current COO, with over 23 years of experience in various sales, marketing and operations, adds president to her role.
Rob Aarnes — President of ADI Global Distribution — joins MSC's board of directors as an independent member.
Company veteran Jon Michael Adinolfi will become the fastener distributor's President and CEO on Jan. 1, 2025.
Motion expanded its service capabilities by opening a new repair shop in Houston, enhancing support for industrial customers in the region.
BlackHawk expands its footprint in the Mid-Atlantic market with the deal.
BSC expands its customer base with the acquisition of bearings and power transmission distributor Warren Pike.
BlackHawk promotes former Machine Tool Supply employee Bob Miller as its General Manager of Fasteners.
The latest AMT report shows a decrease from May and a 4.2% decrease compared to the same period a year earlier.
