Diversified CPC International (DCPC) has recognized The New York Susquehanna and Western Railway Corporation (NYSW) with an Excellence in Partnership award.
Category: Business Texting
DXP Announces 2 Acquisitions
Houston-based MRO and industrial distributor DXP Enterprises Inc. (NASDAQ: DXPE) this week announced two acquisitions. DXP acquired Drydon Equipment, Inc., a distributor and manufacturer rep of pumps, valves, controls and process equipment for the water and wastewater industry in the areas of central and northern Illinois, northwest Indiana, Wisconsin and the Upper Peninsula of Michigan […]
Pentair Acquiring Manitowoc Ice for $1.6B
Pentair plc (NYSE: PNR) has reached a definitive agreement to acquire Manitowoc Ice, a provider of commercial ice makers, for $1.6 billion, subject to “customary adjustments.” When adjusted for approximately $220 million of expected tax benefits, the net transaction value is approximately $1.38 billion, Pentair said. The company said it expects to fund the acquisition […]
Descartes Annual Revenues Rise 22%
Descartes Systems Group Inc., (TSX:DSG) (Nasdaq:DSGX) of Waterloo, Ontario, says fiscal-year 2022 revenues reached $427 million, a 22% increase from FY 2021. The company’s FY 2022 ended January 31. Descartes reported FY 2022 income from operations of $103.4 million, up 45% from $71.4 million the previous year. Net income was $86.3 million, up 66% from […]
‘Mixed Results’ in January for ASA Members
The American Supply Association says members reported “mixed results” from January, as ASA’s monthly sales report revealed another strong performance compared to January 2021 but most respondents cited declines in sales when compared to this past December. For the 12-month period ending January 2022, sales remained strong compared to most of 2020, when there were […]
Malco Products, SBC, Opens Nominations for 2022 HVAC Trade-Pro of the Year
Malco Products, SBC is now accepting nominations for its sixth annual HVAC Trade-Pro of the Year Award program.
ASA distributor members report mixed results
January 2022 results of ASA’s monthly sales report reflect another month of robust performance compared to the same month a year ago, through most respondents reported declines in sales when compared to December 2021, noted Industry Insights, ASA’s business intelligence partner that prepares the report each month for ASA member distributors.
User Friendly Home Services Acquires Legacy Heating & Air Conditioning, LLC
User Friendly Home Services announced the acquisition of Legacy Heating & Air Conditioning, LLC in Louisville, KY.
Earnings Confirm Hopes as Industrial Distributors Ride Momentum in ’22
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SBP Holdings Acquires Hydrafab
SBP Holdings, a provider of inspection and testing services, repairs and specialized rental activities, has acquired Hydrafab LLC, a Wyoming-based company that provides repair services, fabrication and sales for hydraulic products. Hydrafab will operate within Dakota Fluid Power, the fluid power/automation platform for SBP Holdings. Financial details were not announced. With the deal, SBP Holdings […]
Huttig 4Q Sales Up 24.8%
Building materials distributor Huttig Building Products (NASDAQ: HBP) reported a 24.8% increase in 2021 fourth-quarter net sales and an 18.4% jump in total year-end sales compared with 2020. Net sales in 4Q were $230.4 million, compared with $184.6 million during the same period in 2022. Year-end net sales increased 18.4% to $937.8 million, compared to […]
The Benefits of Using the Pinch-Off Tool
Many new self-contained fractional horsepower refrigeration systems will be shipped from the factory with no service access ports.
TriMas 4Q, Annual Sales Increase
Bloomfield Hills, Michigan-based manufacturer TriMas (NASDAQ: TRS) says its 2021 fourth-quarter sales increased 11.1%, while overall annual sales increased 11.3%. TriMas reported 4Q net sales of $209.0 million, compared to $188.2 million in 2020’s 4Q. The company said the increases sales were a result of “organic growth, including the impacts of customers’ stocking orders in […]
HARDI Revenue Up 35.3% in January
Heating, Air-conditioning & Refrigeration Distributors International (HARDI) released its monthly TRENDS report, showing the average sales performance by HARDI distributors increased 35.3% percent during January 2022. The average annual sales growth for the 12 months ending in January is 25%, HARDI said. “The sales growth during January was helped by an extra billing day and […]
March Dates Announced for Virtual A. O. Smith University Classes
A. O. Smith announced March dates for its live virtual training classes. The A. O. Smith University schedule changes from month-to-month.
Builders FirstSource Sees ‘Record’ Sales
Dallas-based building materials distributor Builders FirstSource, Inc. (NYSE: BLDR) says a big merger, double-digit organic growth and commodity inflation drove increases in net sales for the fourth quarter of 2021 and the year overall. The company reported 4Q net sales of $4.6 billion, an 83.1% increase over the same period in 2020. Net sales for […]
HARDI Distributors Report Revenue Increase in January
HARDI released its monthly TRENDS report, showing the average sales performance by HARDI distributors was an increase of 35.3% during January 2022.
New Member Spotlight — Regal Rexnord Corporation
At Regal Rexnord, our business purpose is to create a better tomorrow by efficiently converting power into motion. As a leading producer of motors and related components, our essential products help keep systems running in mission-critical applications worldwide — indoor air quality products used in hospitals, homes, and senior living facilities; industrial products that support […]
Global Industrial Outlines 2022 Strategy Focus
Global Industrial has been on a repositioning journey over the past five-plus years. It divested international technology distribution operations to focus on its North American industrial business, rebranded under the Global Industrial name, and has driven a hybrid sales model of direct sales supported by a digital and multi-platform marketing platform. So it was good […]
Lennox Industries Launches Warranty Your Way
Lennox Industries is launching a limited warranty offering with customizable and complete system coverage for parts and labor, providing peace of mind to homeowners.
