The company raised its outlook for operating margins, driven by strong performance in its Aerospace Systems segment.
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Acquisitions earlier in 2024 and prior accounted for a healthy annual sales gain, emphasizing the strategic expansion of its customer base.
Meanwhile, the bearings maker posted its 3Q results, made an Australasia acquisition and updated on its Automotive separation.
Sterling Heights, MI-based D.F. Burnham is a distributor of hydraulic and pneumatic components.
The company's WIS unit sale earlier this year drove most of its overall sales decline, while its CSS segment powered narrow organic growth.
The company cited a persistent “broader ecosystem inventory correction” causing a challenging market.
The organic gain outperformed compared to other industrial distributors in the July-September period.
Beacon set a company record for quarterly sales, with acquisitions largely driving year-over-year growth.
The company reported volume growth in key specialty product categories, while price deflation impacted overall sales.
The company is anticipating a negative impact on sales from hurricanes Helene and Milton in its fourth quarter.
Sales in both its Electronic Components and Farnell business units declined by double digits.
The company attributed its decline in sales to a challenging demand environment and continued softness in its core customer base.
These reports deliver a wealth of wholesale distribution economic metrics and dealmaking analysis covering July-September.
While a tentative wage agreement ended a strike in October, the parties are still divided on key issues, such as port automation.
Stoney Creek Hydraulics is a manufacturer of hydraulic and pneumatic cylinders and offers repair services to its customers.
The company attributed the profit decrease to continued investments in its business transformation.
The company's overall sales decrease was attributed to SBD's Infrastructure divestment earlier this year, and lower consumer demand.
He brings over 30 years of experience in sales management and technical expertise to the role.
F3 Aerospace is a manufacturer of structural aircraft components and assemblies.
QSC is a manufacturer of large, transformative audio, video and control solutions.
