It's another week for industrial manufacturers' financial reports. We recap the key figures for thee of them here.
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During the month, MDM reported on 43 mergers and acquisitions among distributors and manufacturers, the second most in any month this year.
It gains Offen a strong foothold to continue growing in the Texas and surrounding markets.
The acquisition of Advanced Industrial Supply is part of a flurry of acquisition activity in recent years to expand into new categories.
Amid marketplace complexity, efficient inventory management can guide distributors through the fog. James Mallory advises on how modern ERP can serve as your inventory management beacon.
Graybar's net sales were a 3Q record, but growth is down from the numbers recorded in the first and second quarter of 2023.
Inline Electric Supply adds TVW Electrical Supplies, a distributor of electrical supplies including power distribution products.
GM followed suit days after the autoworkers union reached a deal with Ford and Stellantis.
The company reported double-digit organic sales growth in commercial aviation, defense and space and process solutions.
The deal further boosts their geosynthetics offerings, two months after the opening of a new Southern California facility.
The bearings maker said it's eyeing the sale of non-core Aerospace product lines, which include seals, rings and PEDs.
In line with The Home Depot's efforts to grow its underserved Pro market, the retail giant has named two executives to help lead the charge.
Year-over-year sales declines continued at the toolmaker, but gross margin and operating margins improved substantially.
While the tentative deal ends Ford-related strikes, thousands of UAW members remain on strike at at General Motors and Stellantis.
Parker Hannifin's Board elected COO Andrew Ross as the company's President, and elected CEO Jennifer Parmentier as Chairman.
Net sales for the first quarter of the company's fiscal year were $1.1 billion, an increase of 3.1% over the prior year.
While total sales growth continued to slow from earlier in the year, it still far outperformed the MRO market.
Four manufacturing companies will merge to create a single-source provider of full-service manufacturing and fabrication solutions.
DSG's new facility in Butte, Montana, will serve as a central distribution point for the distributor's other locations in the state.
