The word “essential” has taken on a bit of a new meaning since the onset of 2020 and the coronavirus pandemic. When talking about how business behaved throughout the ups and downs of the past 20 months, many mention how thankful they were to be an essential business, and how this title allowed doors to […]
Category: Business Texting
US Department of Labor Issues Emergency COVID Rules for Large Employers
The U.S. Department of Labor’s Occupational Safety and Health Administration today announced a new emergency temporary standard to protect more than 84 million workers from the spread of the coronavirus on the job. The nation’s unvaccinated workers face grave danger from workplace exposure to coronavirus, and immediate action is necessary to protect them.
Heritage Acquires Irrigation Companies
Heritage Landscape Supply Group, Inc., a McKinney, Texas-based subsidiary of SRS Distribution, acquired two irrigation equipment and supply companies. Heritage announced Friday it had acquired North Florida Irrigation Equipment, a family-owned distributor of irrigation, lighting, water features/pumps and other outdoor living products based in Jacksonville. NFIE employs 30 people and operates locations in Jacksonville, St. […]
Graybar Names New Execs
Graybar, a St. Louis-based electrical, communications and data networking distributor, said that a dozen executives will assume new leadership roles within the company starting next year. According to Graybar, the following changes will take effect Jan. 1, 2022: Bill Mansfield will take on a new role as senior vice president of strategy and business development. […]
Consumers Want Heated Floors, Not Necessarily Whole-Home Hydronics
Strong demand, low interest rates, and fewer existing homes for sale helped contribute to an uptick in new home sales in August. How many of those new homes are getting hydronic systems installed in them?
American Standard Heating & Air Conditioning Announces 2021 Winners of the Building a Higher Standard Awards
American Standard® Heating & Air Conditioning announced its fourth annual Building a Higher Standard award winners. The four 2021 winners were stand-out selections from a highly competitive group of deserving nominees and are being honored for exhibiting a high level of integrity, community stewardship, dedicated teamwork, and focus on continuous improvement in the pursuit of excellence.
Integrating the Advantages of Geothermal Into an HVAC Company
Geothermal heat pumps tap into a renewable source of energy to provide comfort for a home, and HVAC contractors can tap into this market for increased sales.
New Member Spotlight — G Group Holdings
NAED would like to welcome one of its newest Allied Partners, G Group Holdings.
AAON Voted “Product of the Year” by Consulting-Specifying Engineer Magazine
AAON, Inc. a leading manufacturer of heating and cooling products, announced that its RZ Series Rooftop Unit has been named 2021 Product of the Year – Gold by the readers of Consulting-Specifying Engineer.
The Sales Infrastructure That Adapts to Changing Demands
Agile manufacturing is a well-understood concept that allows companies to compete more efficiently by adapting quickly to changing customer and market needs. Just as you have to compartmentalize and adapt production processes for agile manufacturing, distributors can create a compartmentalized sales infrastructure that adapts to changing demands. When you consider how complex and fragmented industries […]
SBP Will Acquire Millwork
Duluth, Georgia-based Specialty Building Products has agreed to acquire Millwork Sales, a wholesale distributor of doors, door components, moulding and millwork products with locations in Orlando and Royal Palm Beach, Florida. SBP said the agreement represents the company’s efforts to “expand its door manufacturing and distribution capabilities and expand the company’s presence in Florida and […]
Goods and Services Deficit Rises in September
The goods and services deficit rose 11.2% to $80.9 billion in September, up $8.1 billion from a revised $72.8 billion in August, according to the U.S. Census Bureau and the U.S. Bureau of Economic Analysis. September exports dropped 3% to $207.6 billion. The month’s imports rose 0.6% to $288.5 billion. The September increase in the […]
Fastenal October Sales Up
Fastenal Co. (Nasdaq: FAST), Winona, Minnesota, reported October sales of nearly $531.7 million, an 8.9% increase over the same month in 2020. The company’s daily sales were $25.3 million, a 14.1% leap over the same period last year. Regionally, U.S. sales increased 13%, while sales in Canada and Mexico grew 20%. By end market, manufacturing […]
Arrow Electronics Sales Increase
Electronic components distributor Arrow Electronics Inc. (NYSE: ARW), Centennial, Colorado, had 2021 third-quarter sales of more than $8.5 billion, an 18% increase over the same period in 2020. Third-quarter net income for Arrow was $290 million, or $4.00 per share on a diluted basis, compared with a net income of $166 million, or $2.13 per […]
Builders FirstSource Sales Up 62.7%
Dallas-based building materials distributor Builders FirstSource, Inc. (NYSE: BLDR) reported 2021 third-quarter net sales of $5.5 billion, a 62.7% increase over the same period in 2020. The company also reported $613.1 million in net income, a record for Builders FirstSource. Gross profit for 2021 3Q was $1.7 billion, driven by the company’s merger with BMC […]
DOE to Partner with Heating Industry to Improve Performance and Energy-Efficiency of Cold Climate Heat Pumps
Vice President Kamala Harris joined U.S. Secretary of Energy Jennifer M. Granholm in New York Nov. 1 to announce the U.S. Department of Energy (DOE) has confirmed the first six industry partners to participate in the Cold Climate Heat Pump Technology Challenge.
WESCO Reports ‘Record’ 3Q
WESCO International Inc. (NYSE: WCC), Pittsburgh, Pennsylvania, had “record” 2021 third-quarter sales of $4.7 billion, a 14.2% increase over the same period last year. The company also reported record operating profit of $229.5 million and record net income attributable to common stockholders of $105.2 million. For the third quarter of 2021, WESCO had an adjusted […]
HARDI Grows Oasis of Ideas in Palm Desert
Distributors traveling to this December’s HARDI conference will find themselves soaking up data, insights, and sunshine in Palm Desert, California.
Partnership Between Lennox Industries and Pearl Certification
Distributors See a New Wave of Consolidation
Both independent consolidators and OEMs are buying up distributors due to an ownership base that’s ready to sell and money available to buy.
