On Tuesday, Synnex Corp., Fremont, California, (SNX) on Tuesday reported fiscal third-quarter sales of $5.2 billion, down 1.9% from the prior fiscal third quarter. In the third quarter, Synnex’s net income of $94.7 million increased by 10.5% over the same quarter a year ago. “Results were consistent with expectations as ongoing industry-wide supply chain shortages […]
Category: Industry Events
United Natural Foods Down Slightly in 4Q
United Natural Foods Inc. (UNFI), Providence, on Tuesday reported fiscal fourth-quarter net sales of $6.7 billion, a decrease of 0.5% from the same quarter a year ago. The organic and specialty foods distributor reported net income of $43 million in 4Q, a decrease of 18.9% from a year ago. For fiscal 2021, UNFI posted net sales […]
HVAC Contractors Can Help Customers Deal with Extreme Weather
In many ways, the best way to prepare for a natural disaster is to provide the maintenance HVAC contractors recommend anyway.
Three-Year Limited Warranty Now Standard on RectorSeal Products
The three-year limited warranty represents the minimum coverage offered by RectorSeal.
XOi Technologies Announces Strategic Partnership with ServiceTitan
XOi Technologies announced a strategic partnership with ServiceTitan.
NAVAC Inc. Names Target Sales Inc. Its Representative Agency of the Year
NAVAC has named Target Sales Inc. as it Representative Agency of the Year for 2021.
HVAC Employers Wait for Biden Vaccination Requirement Details
Multiple industry sources and data portray the construction industry in general as lagging behind the general population in terms of COVID vaccination rate.
ASA announces exclusive partnership with Dell Technologies
Dell Technologies will be recognized as the exclusive ASA Association Partner for small business IT and computer equipment solutions.
8 Factors for Distributor Advisory Council Success
Editor’s note: To help manufacturers avoid the typical pitfalls encountered when they organize and manage a Distributor Advisory Council, The Corporate Development Institute (CDI) surveyed nearly 300 distributor principals in a variety of industries to determine which manufacturers had the most effective DACs. Since distributors usually carry the lines of several competitive manufacturers, they are […]
Sales Travel Will Continue to Be a Mixed Bag in 2022
With the uncertainty of the COVID-19 variants, distributors need to embrace flexibility for how and where they conduct their sales calls with customers. Not being able to see customers in-person for sales calls has hampered some distributors in 2021. Some companies, such as Disney, are requiring proof of COVID-19 vaccination before allowing in-person sales visits […]
Ferguson Up 14.3% in Fiscal 2021
Ferguson PLC, (NYSE: FERG), based in Wokingham, United Kingdom, reported Tuesday that its fiscal year 2021 revenue climbed 14.3% from a year ago to $22.79 billion. Ferguson said the increase was mainly due to accelerated market share gains. Ferguson’s underlying trading profit for the year that ended July 31 was $2.1 billion, which marked a […]
Weiler Abrasives Names Hutchinson as Technical Applications Manager
Weiler Abrasives, Cresco, Pennsylvania, recently announced that Pete Hutchinson has rejoined the company in the position of technical applications manager. In his new role, Hutchinson will focus on technical product support and training, with responsibility for leading both its tactical and strategic efforts. “We are pleased to welcome Pete back to Weiler Abrasives,” said Scott […]
Conexiom Nabs $130M in Growth Funding
Vancouver-based Conexiom announced Tuesday that it has scored $130 million in growth investment from Warburg Pincus. With its investment, Warburg Pincus joined existing investors Luminate Capital, which retains a majority stake, and ICONIQ Growth Conexiom is a software-as-a-service (SaaS) platform that delivers automation outcomes across order to cash and procure to pay processes. Its roster […]
Will People Order HVAC Technicians Off A Smartphone?
Will the “Uberization” of HVAC — allowing technicians to be called directly off an app — become the next disruptive trend in the HVAC industry?
Pearlman Group Acquires Excel Cleaning and Restoration Supplies
Pearlman Group Acquires Excel Cleaning and Restoration Supplies Norcross, Georgia-based Pearlman Group announced Tuesday that it has acquired Excel Cleaning and Restoration Supplies. Terms of the transaction weren’t disclosed. Founded in 1988 and headquartered in Fort Myers, Florid, Excel is a distributor of professional cleaning, restoration, pressure washing, and janitorial equipment and supplies in the […]
Danfoss Recognizes Sheridan College With 2020 EnVisioneer of the Year Award
Danfoss has named Sheridan College in Oakville, Ontario, as its eleventh EnVisioneer of the Year.
Malco Products, SBC, Announces 2021 HVAC Trade-Pro of the Year Winners
Five HVAC professionals from across the U.S. honored with national recognition, $1,000 tool kit.
Four HVAC Tests and Solutions to Improve Sleeping Conditions
HVAC is more than blowing cold and hot air — your systems affect the health of your customers. Wouldn’t you sleep better knowing your customers are also sleeping well?
US LBM Beefs Up Executive Leadership Team
Building materials distributor US LBM, Buffalo Grove, Illinois, announced on Monday that it has made several additions to its executive leadership team to support the company’s growth. “Building high performing teams is central to US LBM’s value proposition,” said US LBM President and CEO L.T. Gibson. “With a wide range of experience from both within […]
The Link Between Effective Change Management and ROI
Whether it’s implementing new digital tools, e-commerce platforms or pricing programs, distributors are undergoing transformations at a rapid clip. Those who have pivoted successfully have embraced change management as one of their core values. During the recent MDM webcast “Transformation Management: Capture Maximum Value” PROS Lead Strategic Consultant Bill Dudziak provided a detailed blueprint for […]
