Free 2024 Mobile Engagement Guidebook for Distributors

Category: Business Texting

PTDA Announces Pike Award

PTDA Announces Pike Award

The Power Transmission Distributors Association last week named Pamela Kan as the 30th recipient of the Warren Pike Award for lifetime achievement in the power transmission/motion control industry. PTDA honored Kan during its 2021 Industry Summit last week in Atlanta. For more than three decades, Kan has worked for Bishop-Wisecarver Corporation in Pittsburg, California, which […]

Pentair Sales Increase 21%

Pentair Sales Increase 21%

London-based Pentair plc (NYSE: PNR) reported third-quarter 2021 sales of $969 million, a 21% increase over the same period a year ago. The company’s 3Q profit was $167 million, an increase of 31% compared to the third quarter of 2020. Consumer solutions sales were up 30% compared to sales for the same period last year. […]

SKF 3Q Sales Up

SKF 3Q Sales Up

Bearing manufacturer SKF (STO: SKFA) Goteborg, Sweden, reported sales for the third quarter of SEK 20.1 billion (US$2.45 billion), up 8.3% over the same period a year ago. Operating profit for the third quarter was SEK 2.67 billion (US$309.9 million). Sales in North America grew 7.2% compared to the third quarter of last year. Year […]

Graybar Reports Record 3Q

Graybar Reports Record 3Q

St. Louis-based electrical, communications and data networking distributor Graybar this week reported its highest quarterly net sales in company history. Graybar’s 3Q net sales totaled $2.31 billion, a 23.2% increase compared to the same period last year. The company’s profit for the quarter was $74.3 million, up 115.4% from the same period in 2020. For […]

Project Files: Episode 43 — Bull Valley Golf Club RTU Upgrade

With thousands of people visiting every year, Bull Valley needed to address deficiencies within the HVAC system of the 32-year-old clubhouse: in particular, the rooftop units.

Bunzl Sees 3Q Growth

Bunzl Sees 3Q Growth

Bunzl PLC on Tuesday reported its 3Q trading statement, with group revenue 7.8% higher year-on-year at actual exchange rates, an increase of 13.0% at constant exchange rates. Acquisitions contributed revenue growth of 4.3% at constant exchange rates, while a greater number of trading days than the comparable period in 2020 further benefited revenue growth by […]

4 Keys To Better Hiring Shift Workers In Distribution

4 Keys To Better Hiring Shift Workers In Distribution

The way we think about work has altered dramatically due to the ongoing COVID-19 pandemic. The shift employees occupying employment in distribution industries, hospitality and healthcare were hit the hardest. However, there are simple keys to better hiring shift workers in distribution. Businesses around the world, particularly wholesale distribution companies, rely heavily on shift employees. […]

3M’s 3Q Sales Increase

3M’s 3Q Sales Increase

3M’s third-quarter sales were $8.9 billion, a 7.1% increase compared to the third quarter of 2020. Profit was $1.434 billion, a slight increase compared to the same period the prior year. Profit for the third quarter of 2020 was $1.430 billion for 3M (NYSE: MMM), based in St. Paul, Minnesota. Total sales in 3Q 2021 […]

Break Free from the Constraints of Traditional Gross Margin-Based Sales

Break Free from the Constraints of Traditional Gross Margin-Based Sales

To continue reading this article you must be a paid subscriber. Subscribe to MDM Already Subscribed? Click here to log-in | Forgot your password? Distributors can break free from the constraints of traditional gross margin-based sales models and liberate their salespeople to achieve breakthrough performance. Leaders can leap ahead of disruptors by transforming customer experiences. […]

Marley Engineered Products Offers Continuing Education Unit on Electrical Heating Solutions

This CEU program covers the benefits of supplemental heat and how it improves the efficiency and cost effectiveness of heating systems.

CFNAI Dips in September

CFNAI Dips in September

The Chicago Fed National Activity Index (CFNAI) dipped to -0.13 in September from +0.05 in August. One of the four broad categories of indicators used to construct the index made a negative contribution in September, and one category deteriorated from August. The index’s three-month moving average, CFNAI-MA3, moved down to +0.25 in September from +0.38 […]

Microchip Shortage Delays HVAC Projects, and EPA Issues Refrigerant Allowances

The inventory crunch kept one HVAC contractor waiting 12 weeks for parts, and the HVAC industry will see an HFC production cut of 10% for 2022.