Free 2024 Mobile Engagement Guidebook for Distributors

Category: Business Texting

Strengthening My Passion for Growth

Strengthening My Passion for Growth

As a 2021 “30 Under 35” Award Winner, I wanted to get involved in more NAED conferences and training that would help elevate my leadership skills and strengthen my passion for growth. I signed up for NAED’s Leadership Development Program in the hopes of doing all those things, but what I’ve truly been able to […]

Raltron Electronics Signs Distribution Franchise Agreement With New Yorker Electronics

New Yorker Electronics announced its new distribution franchise agreement with Raltron Electronics, a manufacturer of a broad range of frequency control products.

M&A Stays Hot in Automation/Electrical Distribution

M&A Stays Hot in Automation/Electrical Distribution

To continue reading this article you must be a paid subscriber. Subscribe to MDM Already Subscribed? Click here to log-in | Forgot your password? The post M&A Stays Hot in Automation/Electrical Distribution appeared first on Modern Distribution Management.

Sysco Fiscal 2Q Sales Up 41%

Sysco Fiscal 2Q Sales Up 41%

Foodservice distributor Sysco Corp. (NYSE: SYY) of Houston reported fiscal 2022 second-quarter sales of $16.3 billion, an increase of 41.2% compared to the same period last year. “The exit rate for the second quarter continued to grow compared to the same period in fiscal year 2021, but decelerated in December due to disruptions from the […]

FDI ‘Slightly Softer’ in January

FDI ‘Slightly Softer’ in January

The seasonally adjusted Fastener Distributor Index for January was “slightly softer” at 52.7, but modest underlying improvement was seen in most metrics, according to the latest analysis from Baird, FCH Sourcing Network and the Institute for Supply Management. The seasonal adjustment factor downwardly impacted results as January is “normally the strongest month of the year […]

Franklin Electric Announces Recipients for Outstanding Achievements

Franklin Electric Co., Inc. recently held its annual Commercial Summit, celebrating the previous year’s sales and service achievements across its United States and Canada water operations

New Podcast: Inside the Motion Industries-Kaman Distribution Group Acquisition

New Podcast: Inside the Motion Industries-Kaman Distribution Group Acquisition

In a blockbuster deal that shifts the competitive landscape beyond their core product sectors, Motion Industries announced in December that it was acquiring Kaman Distribution Group for $1.3 billion. I wrote a “behind-the-deal” analysis shortly after that announcement, and the deal closed at the beginning of January. In this week’s MDM Podcast, Motion Industries President […]

2021 Nexstar Spotlight Awards Showcase Creative Ways to Get Customers’ Attention

What HVAC marketing campaigns were the best in 2021 and what can other contractors learn from them? That’s something that the Nexstar Network aims to highlight each year through the Spotlight Awards program.

Goods and Services Deficit Rises in December

Goods and Services Deficit Rises in December

The goods and services deficit was $80.7 billion in December, up $1.4 billion from $79.3 billion in November, revised, according to the U.S. Census Bureau and the U.S. Bureau of Economic Analysis. December exports were $228.1 billion, $3.4 billion more than November exports. December imports were $308.9 billion, $4.8 billion more than November imports. The […]

Fluor Executive Chairman to Retire

Fluor Executive Chairman to Retire

Engineering and construction firm Fluor Corp. (NYSE: FLR) of Irving, Texas, says Alan Boeckmann, the company’s current executive chairman, will not seek re-election at the annual shareholders meeting May 5. CEO David Constable has been appointed by the board of directors to succeed Boeckmann as chairman in addition to his CEO role. Alan Boeckmann “Alan […]

Kennametal Fiscal 2Q Sales Rise

Kennametal Fiscal 2Q Sales Rise

Pittsburgh-based Kennametal Inc. (NYSE: KMT) reported fiscal 2022 second-quarter sales of $487 million, a 10% increase over the same quarter the prior year. The company also reported earnings per diluted share of $0.37, compared with $0.23 in the prior year quarter, and adjusted EPS of $0.35, compared with adjusted EPS of $0.16 in the prior […]

SPX Cooling Announces 2022 Marley School of Cool Service Contractor Workshops

SPX Cooling Technologies, Inc. is continuing its industry education series and has scheduled three dates for its School of Cool workshops for HVAC service contractors.

New Member Spotlight — MTE Corporation

New Member Spotlight — MTE Corporation

MTE Corporation was formed in 1982 by bringing together Milwaukee Transformer Co., Transformer Design Inc., and Milwaukee Electronics Corp. – companies that specialized in different fields of magnetics and transformer designs and were long established in their respective fields. MTE vaulted into a leadership role in power quality with its unique AC reactor design and […]