The company said its new benchmark includes onboarding key BI personnel, implementing new analytics tools and publishing custom reporting.
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It marks the company’s 10th branch location and fourth addition in the past 18 months.
Continued strong sales growth means the third quarter will likely be another windfall fiscal period for most industrial distributors.
Distributor and manufacturer Optimas is No. 29 on MDM’s 2022 Top Industrial Distributor list and No. 8 ranked fastener distributor.
Our long-awaited annual rundown of the top distributors across 17 industrial, construction and commercial products sectors is available to view and download.
A month-to-month acceleration in daily sales bodes well for fellow industrial distributors large and small.
The metalworking and MRO supplies distributor is suddenly on an acquisition streak.
The company said it saw benefits of carryover pricing impacts from 1Q, alongside continued strong underlying demand from industrial and construction customers.
Nick Ruetz has been elected president of the National Fastener Distributors Association for the 2022-23 term.
The Specialty Tools & Fasteners Distributors Association’s annual show is scheduled for Oct. 30 through Nov. 1.
Paul Schorr brings 35 years of information technology leadership experience to the fasteners manufacturer/distributor.
For the month, the distributor reported net sales of $570.76 million, up from more than $497 million in April 2021.
MDM Executive Editor Mike Hockett recaps what he saw and learned at Fastenal Expo 2022, the distributor's first in-person company showcase in three years.
Distributor excels in difficult environment with streamlined technology and new 3D printing capabilities.
MDM’s new report, Markets Forecast, offers quarterly revenue projections for the wholesale distribution industry, plus breakouts for select categories, for the current calendar quarter and the next fiscal year. The inaugural Forecast looks at post-pandemic projections for distributors as a whole, plus specific sectors.
MDM’s quarterly survey in partnership with investment banking firm Baird reveals that distributor revenues decelerated sharply in 2Q but not as bad as feared at the beginning of the pandemic shutdown. One consensus among more than 550 participants: Distributors began rethinking the way they manage talent.
The company reported daily sales up 14.8% versus a year ago based on strength in safety.
The acquisition strengthens the companys presence in the Midwest.
