Bearings manufacturer RBC Bearings Inc. (Nasdaq: ROLL), Oxford, Connecticut, reported 2022 fiscal second-quarter net sales of $160.9 million, a 10% increase over the same quarter a year ago. RBC’s net income was $23.5 million, a slight increase over the $23.2 million reported in fiscal 2021’s second quarter. For the first six months of FY 2022, […]
Category: Industry Events
Labor, Supply Shortages Hit Manufacturers’ Bottom Lines in Latest Quarter
The major HVAC manufacturers saw higher sales and revenues in the third quarter thanks to continued strong demand and the effects of several price hikes. Margins were another matter.
HVAC Contractors Need More Workers to Meet Surging Demand
Many expected a steep decline in demand when the pandemic started. Instead, the opposite happened — consumers started investing in their homes.
US LBM Pledges $100K for Vets
US LBM, a building materials distributor based in Buffalo Grove, Illinois, pledged $100,000 to the Gary Sinise Foundation’s R.I.S.E. Program (Restoring Independence, Supporting Empowerment), which builds mortgage-free, specially adapted smart homes for “severely wounded heroes,” the company said. “The work of the Gary Sinise Foundation aligns with two important focus areas of the US LBM […]
AAON Announces Semi-Annual Cash Dividend
AAON, Inc. Board of Directors has declared the Company’s next regular semi-annual cash dividend of $0.19 per share, or $0.38 annually.
Expect Pricing Pressures to Remain High into 2022
Inflation data released by the Bureau of Labor Statistics this week was even higher than many analysts anticipated, with pricing rising 6.2% in October compared to last year. It’s the largest annual increase in nearly three decades. Distributors have been feeling the pinch of inflationary pressures throughout the pandemic and expect pricing pressures to remain […]
Building Material Prices Rise
Building material prices rose last month, as construction input prices increased 1.5% in October, according to an Associated Builders and Contractors analysis of the Bureau of Labor Statistics’ Producer Price Index data released earlier this week. Nonresidential construction input prices increased 1.4% in October. Construction input prices are 21.1% higher than in October of last […]
R&R Hardwood Sold
Boise-based hardwood flooring products distributor R&R Hardwood Distributors, Inc. has been sold to a private investor, according to Generational Equity, a mergers-and-acquisitions advisor for privately held businesses. The acquisition closed in September, but Generational Equity announced the sale Thursday. Financial details were not disclosed. The private investor who purchased R&R was not named. R&R’s product […]
BDR Announces Territory Manager Consulting Skills Training Series
BDR is equipping new and experienced territory managers with the tools to evolve into partnership-building consultants with their upcoming Territory Manager Consulting Skills training series.
Beacon Honors 6 Veterans
Roofing material and building products distributor Beacon (Nasdaq: BECN) on Thursday announced the winners of its 3rd annual Beacon of Hope contest, which rewards six veterans with new roofs. Beacon said it will deliver and secure roof replacements for the six veteran contest winners at no cost to the recipients. Six second-prize winners also will […]
Pool Corp. Acquiring Florida Company
Covington, Louisiana-based Pool Corp. (Nasdaq/GSM:POOL) this week signed an agreement to acquire Largo, Florida-based Porpoise Pool & Patio, Inc., including its main operating subsidiaries, Sun Wholesale Supply, Inc. and Pinch A Penny, Inc. The agreement’s financial details were not disclosed. Sun Wholesale Supply, Inc. distributes swimming pool and outdoor-living products, including a specialty chemical packaging […]
Celebrity Speakers Admonish Contractors to Reject Excuses
A parade of high-profile speakers challenged attendees of the recent EPIC event in Las Vegas to take their businesses to the next level. They all delivered the same message — accept reality, but not excuses.
Magid Wins Two Business Awards
Magid announced two business award wins: the Chicago Tribune Top Workplaces 2021 and the Family Business Magazine CEOs to Watch 2021.
OSHA Offers Vaccination Detail, Loses First Court Test
Thanks to a stay issued by a U.S. Circuit Court of Appeals judge in New Orleans, the first volley of what is likely to be a multistep judicial battle puts the OSHA emergency temporary standard in limbo roughly 48 hours after the agency had released it.
ASA opposes potential ban on press-connect and mechanical joins in refrigeration systems
On Oct. 15, the American Supply Association submitted public comments opposing two Tentative Interim Amendments (TIA) that if passed, would remove the use of press-connect and mechanical joints in refrigeration systems under the 2018 and 2021 versions of the IAPMO Uniform Mechanical Code (UMC).
SWPD hosts annual awards dinner
The Southwest Pacific Distributors, a regional affiliate of the American Supply Association, recently held its annual awards dinner in Long Beach, California.
ASA Platinum Supplier Partner Profile: Building together for one future
The recent chaos and gloom that we’ve experienced during the global pandemic has taught us several important lessons, including resilience and strength.
Forrest Anderson Surprises Veteran with Free A/C Unit for Veterans Day
Forrest Anderson Plumbing and Air Conditioning announced the winner of the sixth Annual Military Hero A/C Giveaway. Olga Tucker, a Peoria resident and U.S. Army Veteran, secured the most public votes to win.
Core & Main Finalizes Catalone Acquisition
St. Louis-based Core & Main Inc. (NYSE: CNM) — a specialized distributor of water, wastewater, storm drainage and fire protection products — finalized its previously reported deal to acquire the assets of Catalone Pipe & Supply Co., a full-service provider of waterworks products and services, and custom concrete catch basins, based in Penfield, Pennsylvania. “The […]
Why Core & Main CEO Steve LeClair is Passionate About Training Programs
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