Switzerland-based power and automation company ABB on Thursday reported third-quarter sales of $7.9 billion, a 29% increase over the same period in 2020 and a 26% increase on a like-for-like basis in local currencies. Revenues for the third quarter of 2021 were $7 billion, a 7% increase, while income from operations was $852 million. Gross […]
Category: Operations
Pool Corp. Q3 Sales Rise 24%
Covington, Louisiana-based Pool Corp.earning (Nasdaq/GSM:POOL) on Thursday reported ‘record’ third-quarter results, including strong net sales that reflect an overall 24% growth compared to the same period in 2020. “I am incredibly proud of the POOLCORP team,” said Peter D. Arvan, president and CEO. “Everyone in the field, from our drivers, warehouse associates, customer service representatives, […]
Genuine Parts’ Q3 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 […]
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 […]
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 […]
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 […]
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 […]
Atlas Copco Acquires Vacuum Distributor
Swedish industrial manufacturer Atlas Copco said Tuesday it has acquired German distributor of vacuum equipment Eugen Theis GmbH. The company is a distributor of vacuum equipment and service solutions that serves the German market, Atlas Copco said. “This acquisition will expand our presence in Germany with industrial vacuum products and services,” said Geert Follens, business […]
Hillman Increases Distribution Capacity
Hillman Solutions (NASDAQ: HLMN), a supplier of complete hardware solutions, says it will unveil its “state-of-the-art” distribution center in Jacksonville, Florida, which will create 50 new jobs. The company says the expansion caps a 15-year presence in Jacksonville and will enable Hillman to better service retailers in the Southeast. The Hillman Group was listed among […]
Pentair Finalizes $255M Pleatco Acquisition
Pentair (NYSE:PNR), a provider of water treatment and sustainable solutions, says it has completed its transaction to acquire Pleatco for approximately $255 million in cash, subject to customary adjustments. Pleatco manufactures water filtration and clean air technologies for pool, spa and industrial air customers. The acquisition provides Pentair additional replacement filter products to be sold […]
Sonepar USA President on Unique Approach to M&A
To continue reading this article you must be a paid subscriber. Subscribe to MDM Already Subscribed? Click here to log-in | Forgot your password? Sonepar USA, fresh off its market-shifting acquisition of Springfield Electric, has a specific profile of the type of company it looks to acquire in its approach to M&A. Despite its status […]
Platinum Equity Acquires Oregon Tool
Platinum Equity, a global investment firm with more than $25 billion in assets under management, announced that its acquisition of Oregon Tool has been completed. Oregon Tool is a global manufacturer and distributor of aftermarket-driven professional grade cutting tools, outdoor equipment accessories and parts. Financial terms were not disclosed. Oregon Tool is the world’s leading […]
FDH Aero Acquires Stealth
Southern California-based FDH Aero, an aerospace and defense products distributor for aircraft production and aftermarket supply chains, has acquired Stealth Aerospace. Stealth is FDH’s ninth acquisition and the seventh completed since Audax Private Equity invested in FDH in 2017. Founded in 1995, Stealth is a stocking distributor of aerospace electrical and electro-mechanical components, including relays, […]
SRS Acquires Wimsatt Building Materials
McKinney, Texas-based building products distributor SRS Distribution Inc. announced it has acquired Wimsatt Building Materials, a distributor of residential and commercial roofing, siding, windows, doors and other related products. Terms of the agreement were not disclosed. SRS ranks No. 6 on MDM’s Top Distributors list for building materials and construction distributors, with $3.8 billion in […]
Huttig Building Products Looking to Increase Shareholder Value
St. Louis-based Huttig Building Products, Inc. (NASDAQ: HBP), a domestic distributor of millwork, building materials and wood products, announced that its board of directors — consistent with its strategic review process and in consultation with its financial and legal advisors — is evaluating potential strategic alternatives to maximize shareholder value. Huttig said it has not […]
Kaman Distribution Group Acquires Integro Technologies
Kaman Distribution Group, a national distributor and solutions provider, announced it has acquired Integro Technologies Corporation. KDG, based in Bloomfield, Connecticut, ranks No. 24 on MDM’s Top Distributors list for industrial and construction distributors, with $1 billion in 2020 revenue. The company also ranks No. 3 on MDM’s list of power transmission/bearings distributors and No. […]
FleetPride Creates New E-Commerce Site
Irving, Texas-based FleetPride Inc., a distributor of truck and trailer parts and services, has created a new e-commerce site to allow customers to quickly place orders. The company’s web customers previously could only look up product information and were unable to purchase items. There are more than 176,000 products available online for all Class 6-8 […]
Fastenal’s Sales Rebound in 3Q
Fastenal Co. (Nasdaq: FAST), Winona, Minnesota, reported sales of $1.6 billion for the third quarter, a 10% increase from the same period the previous year. Profit of $243.5 million marked a 9% increase over the same period in 2020. Sales for the first nine months were $4.5 billion, a 4.4% increase over the same period […]
Through Pandemic Demand, Health Care Distributor Prioritizes Environmental Sustainability
To continue reading this article you must be a paid subscriber. Subscribe to MDM Already Subscribed? Click here to log-in | Forgot your password? Eric Schuler has seen “a lot of incredible growth” in his nearly 25 years with health care distributor Henry Schein, but nothing quite like the demands of 2020. Now Executive Director, […]
Throughout Unprecedented Pandemic Demand, Health Care Distributor Prioritizes Environmental Sustainability in Operations
To continue reading this article you must be a paid subscriber. Subscribe to MDM Already Subscribed? Click here to log-in | Forgot your password? Eric Schuler has seen “a lot of incredible growth” in his nearly 25 years with health care distributor Henry Schein, but nothing quite like the demands of 2020. Now Executive Director, […]
