Grainger (NYSE: GWW), Chicago, reported 2021 third-quarter sales of $3.4 billion, up 11.7%, compared to the third quarter of last year. Grainger’s 2021 3Q operating earnings were $438 million, up 17.4% versus 2020 and resulting in EPS of $5.65, growth of 25% versus the third quarter of 2020. The company returned $327 million to shareholders […]
Category: Operations
Amazon 3Q Sales Increase 15%
Amazon.com Inc. (Nasdaq: AMZ) reported sales of $110.8 billion in the third quarter of 2021, a 15% increase over the same period last year. Amazon’s 3Q net income decreased to $3.2 billion, or $6.12 per diluted share, compared with $6.3 billion, or $12.37 per diluted share, in the third quarter of 2020. Net product sales […]
Avnet 1Q Sales Grow
Avnet Inc. (Nasdaq: AVT) of Phoenix reported 2022 fiscal first-quarter sales of $5.6 billion, topping the previous quarter by about $400 million. The first-quarter sales were an 18.2% increase over the fiscal first quarter in 2021. Avnet ranks No. 2 on MDM’s Top Distributors list for electronics distributors, with $17.6 billion in 2020 revenue. “Building […]
Ingersoll Rand to Acquire Air Dimensions for $70.5M
Ingersoll Rand Inc. (NYSE:IR), a global provider of mission-critical flow creation and industrial solutions, will acquire Deerfield Beach, Florida-based Air Dimensions Inc. for $70.5 million. The all-cash deal is expected to close Friday, Ingersoll Rand announced. Air Dimensions designs, manufactures and sells vacuum diaphragm pumps primarily for environmental applications in high-growth, sustainable end markets such […]
Lawson Sales Up 16.9%
Lawson Products, Inc. (NASDAQ: LAWS) reported $105.6 million in sales for the third quarter of 2021 and $315.7 million in sales for the first nine months of the year. The third-quarter sales numbers were 16.9% above the same period for 2020, while the year-to-dale sales earnings were 24.5% over last year. “Lawson generated solid operating […]
HARDI Revenue Up 21%
Heating, Air-conditioning & Refrigeration Distributors International (HARDI), of Columbus, Ohio, released its monthly TRENDS report, which shows a 21% revenue increase for September. The average annual sales growth for the 12 months through September 2021 was 19.6% percent. “Demand continued strong through the last month of the 2021 cooling season,” said HARDI […]
AGCO Sales Increase 9.1%
Farm equipment manufacturer and distributor AGCO (NYSE: AGCO) from Duluth, Georgia, reported third-quarter sales of approximately $2.7 billion, a 9.1% increase over the same period in 2020. Net sales for the first nine months of 2021 were approximately $8 billion, a 24% increase compared to the same period in 2020. For the first three quarters […]
Atlas Copco Acquires Indian Company
Swedish industrial manufacturer Atlas Copco has agreed to acquire HHV Pumps Pvt. Ltd, a provider of vacuum pumps in India. The financial terms of the agreement were not disclosed. HHV Pumps provides vacuum pumps used for chemical and pharmaceutical industries, electrical power equipment, general industry, and rotary vane pumps used for manufacturing refrigeration and air-conditioning. […]
Applied’s 1Q Sales Increase
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 […]
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 […]
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 […]
DPA Announces New Distributors
Cincinnati, Ohio-based DPA Buying Group on Friday announced it has added 14 new distributors and nine suppliers from the U.S. and Canada. Distributors added to DPA’s industrial and contractor supply division include: Contractors Supply of Central Florida, Inc. (Belleview, Florida); Corbitt Safety Surplus (Sylacauga, Alabama); CW Supply and Logistics, LLC (Canal Winchester, Ohio); Darrell Ifft, […]
Lawless Acquires Interest in Rolston Hogstrom
Dallas-based vendor and manufacturer rep The Lawless Group announced it has acquired an interest in Rolston Hogstrom Inc., a sales agency headquartered in Chicago. Lawless said executives for both companies have “joined forces” in Illinois, Indiana, Wisconsin, the UP of Michigan, Iowa, Missouri, Kansas and Nebraska, Lawless said. As part of the transaction and overall […]
Home Depot Names New VP
The Home Depot has named John Deaton as its new vice president of supply chain and product development. The change will take effect Nov. 1. Deaton replaces Mark Holifield, who has accepted a role as CEO of U.S.-based last-mile delivery firm LaserShip after 15 years with The Home Depot. Deaton himself has worked for The […]
Amazon Opens Robotics Facility
Amazon (NASDAQ: AMZN) announced Thursday the opening of a new “first-of-its-kind” robotics manufacturing facility in Westborough, Massachusetts, which is expected to expand Amazon Robotics’ manufacturing capability in the U.S. Amazon said the new facility has created 200 new manufacturing jobs. “We care about the communities where we operate. This is why we are proud to […]
Snap-on 3Q Sales Rise 10.2%
Snap-on Inc. (NYSE: SNA), Kenosha, Wisconsin, reported third-quarter net sales of $1.037 billion, a 10.2% increase over the same period in 2020. Net sales also were up 15% over the third quarter of 2019. Net earnings in 3Q 2021 were $196.2 million, or $3.57 per diluted share, compared to third-quarter 2020 net earnings of $179.7 […]
Danaher 3Q Revenue Up 23%
Danaher Corp. (NYSE: DHR), Washington, DC, reported its third-quarter 2021 revenue at $7.2 billion, a 23% increase over the same period last year. The company’s 3Q net earnings were $1.2 billion, or $1.54 per diluted common share, which represents a 33% year-over-year increase from the same period in 2020. For the first nine months of […]
