The company said customer destocking and the delay of capital projects clearly impacted its 2Q results.
Latest In Operations
As expected, DSG's organic sales declined compared to a year ago but sequential improvement was driven by increased sales in many end markets.
CEO D.G. Macpherson noted a "slow, but generally stable" demand backdrop.
Romy O’Daniel now leads the distributor after roles at Crescent Electric, HD Supply and Grainger.
Parker Hannifin’s divestiture of several businesses in the past three years totals nearly $450 million in annual sales.
Q2 growth driven by DEWALT, Outdoor Products and Engineered Fastening was offset by SBD's divested Infrastructure segment earlier this year.
A healthier residential end market and an increase in average selling price bolstered Watsco’s total 2Q sales to $2.1 billion.
Motion seeks to build long-term and beneficial relationships with the Indigenous community in Canada through the PAIR program.
The ruling could have far-reaching impacts on the product safety liabilities of other eMarketplace platforms.
MDM attended the distributor’s biennial event in late June to learn all about its recent innovations, strategy and path ahead.
Northeast Specialty Insulations, Inc. gains a supplier to the composite insulation industry.
Former Fastenal and NTK Cutting Tools sales pro Keith Brown takes over ownership of the Ohio-based agency.
The company's Safety & Industrial business unit saw a reversal from 1Q's organic decline.
The FTC is probing eight major firms to uncover how their surveillance pricing practices might impact consumer privacy and pricing fairness.
BlackHawk has launched two initiatives to enhance operational efficiency, customer service and environmental responsibility.
McKinsey Senior Partner Kevin Sachs joins us to preview the keynote presentation at MDM's SHIFT Conference and the industry's biggest driving factors in the year ahead.
Year-over-year sales and profit continued to slide at MRO supplies distributor Motion, though not as much as in 1Q.
QXO's latest private placement funding includes $150 million from Jared Kushner’s Affinity Partners.
Wolter enhances its crane and hoist solutions with the acquisition of CC&H, marking its first purchase of a manufacturer.
Sonepar appoints Dave Jay to spearhead its strategy as VP of Industrial Solutions and Business Development.
