Analysis of the latest M&A deals and exclusive results from the 4Q22 Baird-MDM Industrial Distribution Survey highlight January's report.
Latest In MSC Industrial Supply Co.
As a primer to MDM's Feb. 22-23 Virtual M&A Summit, we chat with MSC Industrial Supply leaders Erik Gershwind and Jim Drohan about the company's recently aggressive M&A strategy.
They mark the fourth and fifth bolt-ons for MSC in a 19-month span.
The distributor posted operating income of $116 million as it had yet another month with double-digit year-over-year quarterly sales growth.
On Dec. 1, MSC's board of directors elected Rahquel Purcell to serve as a director, effective immediately.
Mike Hockett analyzes the noticeably different levels of optimism in the commentary given by industrial distributors Fastenal and Motion in their third-quarter earnings calls.
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Simultaneously, the company's current supply chain leader will transition responsibilities ahead of his planned retirement.
MDM reported more than two-dozen mergers and acquisitions during the month of August. Read about them all here.
A new report calculates that U.S.-based industrial distributors could stand to benefit considerably over the next decade from increased MRO demand driven by the domestication of manufacturing production and foreign investment.
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The metalworking and MRO supplies distributor is suddenly on an acquisition streak.
Fastenal, MSC Industrial Supply, MRC Global and more have voiced considerable optimism despite numerous economic red flags.
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Bolt-on acquisitions have been infrequent for the metalworking and MRO supplies distributor, which acquired Engman-Taylor in early June. Read more about the past month’s M&A activity.
Nick Ruetz has been elected president of the National Fastener Distributors Association for the 2022-23 term.
The company reported fiscal 2022 third-quarter net sales of $958.6 million for the three-month period ended May 28.
It’s only MSC’s third acquisition since 2018, gaining a fellow metalworking and industrial supplies distributor.
The distributor of metalworking and MRO products says John Hill has joined the company as senior vice president and chief digital information officer.
Preliminary figures show March was MSC's best sales month ever. Here's a recap of CEO Erik Gershwind's comments from a March 30 earnings call.
In its latest earnings report, the company reported fiscal 2022 second-quarter net sales of $862.5 million.
Year-end reports of publicly traded distributors support Q4 Baird-MDM Quarterly Industrial Distribution Survey results. Public company commentary remains optimistic for strong year.
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MSC Industrial Supply Co. reported fiscal 2022 first-quarter net sales of $848.5 million for the period ending Nov. 27.
