Applied Industrial Technologies (NYSE: AIT), Cleveland, Ohio, on Wednesday reported $891.7 million in fiscal 2022 first-quarter sales, a 19.2% increase over the previous year. The change includes a 2.1% increase from acquisitions and a 0.8% increase from foreign currency translation. The company also reported $53 million in profit, or $1.36 per share. “We started fiscal […]
Category: Digitization
Wrench Group Partners with Morris-Jenkins
Morris-Jenkins will retain its local leadership and management, and continue to operate under the Morris-Jenkins brand.
Chillers Provide Ideal Conditions For Cannabis
For grow facility applications, chilled water systems make a lot of sense, as they can provide an optimal growing environment.
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%
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
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
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 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
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 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 […]
Energy Efficiency Grows in Importance for HVAC Property Decisions
Sustainability is becoming a financial consideration for more and more property owners.
2022 AHR Innovation Award Winners Announced
The AHR Expo announced the winners and finalists for its ten 2022 Innovation Award categories.
How to Diagnose Partially Restricted Filter Driers
Service technicians should always remember that systematic troubleshooting is the only sure way to find the actual cause of any system problem.
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.
RSES Announces Its 2021–2022 International Board of Directors
The RSES annual business meeting was held virtually on Saturday, Oct. 9, 2021.
Marco Rubino Promoted to Regional Sales Manager at Johnstone Supply
Rubino, a certified building performance analyst for the past 11 years, joined Johnstone Supply in 2019 as a territory sales manager working out of the Syracuse location.
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 […]
How to Verify Heat Pump Heating Btus in Five Steps
There is a way to check the heat pump system charge on the airside that is quick and easy.
