Atlanta-based Genuine Parts Company (NYSE: GPC) announced Thursday that its third-quarter 2021 sales were $4.8 billion, a 10.3% increase over the same period a year ago. The company attributed the improvement to a 7.6% increase in comparable sales, a 1.8% benefit from acquisitions and a 0.9% net favorable impact of foreign currency and other. Net […]
Category: Industry Events
Genuine Parts’ 3Q Sales Up 10.3%
Atlanta-based Genuine Parts Company (NYSE: GPC) announced Thursday that its third-quarter 2021 sales were $4.8 billion, a 10.3% increase over the same period a year ago. The company attributed the improvement to a 7.6% increase in comparable sales, a 1.8% benefit from acquisitions and a 0.9% net favorable impact of foreign currency and other. Net […]
FleetPride Launches Enhanced E-Commerce Solutions
While the distribution sector may lag behind other industries when it comes to enhanced e-commerce solutions, companies that employ digital, customer-focused parts-and-service options stand to thrive during a sometimes-chaotic era for the distribution industry, executives from FleetPride said during a recent webcast. “I’ve been in the business a long time, and right now the pace […]
Members of First SMART Heroes Class to Become Journey-Level Sheet Metal Workers
Two members of the first class of SMART Heroes are set to graduate in November and January.
October 24 is Recycle Your Mercury Thermostat Day
TRC urges consumers to examine their thermostats and recycle them if their unit contains mercury on Sunday, Oct. 24.
CoolSys Appoints Anesa Chaibi as President and CEO
CoolSys announced that its board of directors has appointed Anesa Chaibi as the company’s next president and CEO.
Albuquerque Mechanical Contractor Specializes in Remote Site Work
Last year, Keefer Rader, owner of Outlaw Mechanical, had one of those experiences that confirmed the value of an investment he’d made just weeks earlier.
5 HVAC Hazards to Be Aware of During Heating Season
Fall is here and winter is approaching. That means we are officially in heating season. While accidents happen, there are a few ways to remain cautious for a safer, incident-free winter.
HVAC Marketing Strategies for the Fall Shoulder Season
What are good strategies for marketing to customers this fall, when residential customers might want to delay repairs or replacements?
3 Installation Mistakes That Lead to Gas Equipment Callbacks
Installing gas burning appliances in a home may seem straightforward, but oftentimes, key steps can be overlooked or missed.
NetPlus Names Annual Award Winners
Lockport, New York-based NetPlus Alliance, an industrial and contractor supplies buying group, hosted 550 distributor and supplier attendees from more than 245 companies at its Annual Meeting in Nashville earlier this month, where it named its latest award winners. The 2020 MVP Distributor of the Year Award was presented to Ohio Power Tool for the […]
Watsco Sales Jump in ‘Record’ 3Q
Miami-based HVACR distributor Watsco Inc. (NYSE:WSO), reported third-quarter sales of $1.78 billion, a 16% increase over the same period in 2020. Watsco also reported a 31% 3Q increase in earnings per share to a record $3.62. The company reported a 32% increase in operating income to a record $207 million, a 25% increase on a […]
Core & Main CEO Steve LeClair on Growth in Challenging Times
To continue reading this article you must be a paid subscriber. Subscribe to MDM Already Subscribed? Click here to log-in | Forgot your password? In order to prepare for its eventual IPO, several years ago Core & Main CEO Steve LeClair started to implement some of the same principles used by public companies. Authenticity is […]
Right Time Group of Companies Acquires furnaceguys Home Heating & Cooling
Right Time Group of Companies announced the acquisition of furnaceguys Home Heating & Cooling.
MSC 4Q Sales Up 11% Over Last Year
MSC Industrial Supply Co. (NYSE: MSM), a North American MRO distributor, on Wednesday reported net sales of $831 million during its fiscal fourth quarter of 2021, an 11.1% increase over the same period in 2020. The financial results reflected its fiscal 2021 Q4 and full year ended August 28. The fiscal 2021 4Q had one […]
A.O. Smith Acquires Giant Factories Inc.
The purchase price is approximately USD $192 million in cash, subject to customary adjustments.
HVAC Contractors Need to Keep Employees They Have
Finding workers remains a major concern for HVAC contractors. One way contractors can control the situation is by keeping the workers they already have.
Viega Reduces Waste by Replacing Printed Instructions With QR codes
Viega LLC will reduce paper waste by 32 tons a year by eliminating printed instructions in favor of QR codes.
Investors Want HAVC Firms with Size, Potential to Grow More
Consolidation was a hot topic at this year’s Service World Expo, with several sessions covering the subject.
Core & Main to Acquire Catalone
St. Louis-based Core & Main Inc. (NYSE: CNM), a specialized distributor of water, wastewater, storm drainage and fire protection products, announced Tuesday that it has entered into a definitive agreement to acquire substantially all of the assets of Catalone Pipe & Supply Co., a full-service provider of waterworks products and services, and custom concrete catch […]
