Group sales growth led by double-digit increases in the U.S.
Latest In Industrial PVF
U.S. sales increased 18.7 percent, primarily on organic sales growth.
U.S. revenue increased 8.2 percent year-over-year to 7 million (US$11.4 million).
Profit for the distributor of pipes, valves and fittings fell 10 percent.
This article is part of MDM's 2014 Distribution Trends Report. It provides a quick look at key trends affecting the industrial PVF distribution sector.
The annual report was researched and written by MDM editors based on interviews with dozens of wholesaler-distributors, as well as industry experts and manufacturers. MDM also conducted a survey of its readers to uncover the trends outlined in this report.
The full report is available to download in PDF format to MDM Premium subscribers. Subscribe below for full access. Or log-in if you are already a subscriber.
Trends outlined in the 2014 report include:
- Leaving Economic Uncertainty Behind
- Connecting the Dots Online and Offline
- Need for Access Whenever, Wherever, However Drives Mobile Adoption
- Avoiding Information Overload Essential with Analytics
- Making the Case for Millennials in Distribution
- Training, Technology Take Front Seat in Employee Retention Strategies
- Better Inventory Management Through Data, Collaboration
- Distributors Seek More Complete Strategy for Vending
- Private Equity Consolidating Markets
- A More Practical Approach to Product Expansion
- Other Trends
- Trend Snapshots for 13 Sectors
The report also includes the following case studies and interviews:
- 2014 MDM Market Movers
- Engman-Taylors Cost-Saving Teams
- Capitol Coffees Proactive Problem-Solving
- Redwood Plastics Online Success Story
- MDM Market Leader Profiles
- DGI Supply: Building on the Core
- F.W. Webb Takes Diverse View of Market
NOW Inc. will trade on the NYSE under the ticker DNOW.
Acquisition will expand MRC Global's footprint in Southeast Asia.
Acquisition strengthens MRC's instrument flow control business.
Remaining HD Supply Canada business to be integrated with HD Supply White Cap.
New Hampshire facility will serve both businesses' customers.
Wolseley U.S. sales grow 6.2 percent in the first half.
NOV splits financial reporting segments into four groups.
Clay Williams has been president and CEO at NOV since December 2012.
Van Leeuwen acquires Tubexpress, a pipe and tube distributor focused on the oil and gas industry.
Cumberland, under the same name, will operate as a division of R/W Connection.
International segment revenues are expected to increase 60 percent in 2014.
Goldman Sachs has been a private equity sponsor of MRC Global since 2007.
MRC Global’s sales decline due in part to planned reduction in oil country tubular goods business.
