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The year started with a slight deceleration in industrial production following a flat December.
North American full-year sales reached nearly $8.9 billion for a 4.0% annual gain. See our in-depth breakdown of Rexel's financials.
Overall 4Q and full year profit spiked on a deferred tax benefit, while sales continued low single-digit annual growth.
Boosting Henkel's MRO offerings, Houston-based Seal for Life has about 650 employees and generated $269 million in 2023 revenue.
The program directly connects manufacturing customers with Verusen via the AWS Partner Network and Sales organizations.
Meanwhile, gross margin at Resideo's manufacturing business unit saw solid improvement during 4Q23.
However, lower volume driven by deferred activity in the gas utilities sector didn't stop the company from modest full-year growth.
Though it repeated December’s monthly figure, the overall CPI topped economics’ expectations.
Watsco's 2023 follows two years of record-setting performances and faces softer comparative market conditions.
In a step toward vertical integration, independent industrial distributor B&D Industrial acquired a Michigan-based gear manufacturer.
