Distributor Industry News Clips

Avery Dennison Sales Down 2% in 1Q

This post was originally published on this siteAvery Dennison Corp. (NYSE:AVY) has reported sales for the second quarter of $1.7 billion, down 2% over the previous year. The company reported a loss of $146.9 million, compared to a profit of $125.2 million during the same quarter last year. “We reaffirm our previous guidance for 2019 adjusted earnings per share, with organic growth improving over the balance of the year, along with continued margin expansion,” said Mitch Butier, president and CEO. “Our ongoing confidence in our ability to achieve our guidance and long-term targets reflects the resilience of our business and ability of our team to adapt under changing market conditions.” Previous Article Watsco’s Sales Up Slightly in First Quarter © 2019 Gale Media, Inc. Please do not reprint MDM’s content on your website without MDM’s express permission as it is copyrighted material. To gain permission, email us, or call 1-888-742-5060. For information on PDF or print reprints, visit www.mdm.com/reprints. MDM welcomes inbound links from your site. Please cite Modern Distribution Management. The 2018 Top Distributors List This free PDF includes lists of top distribution companies across 14 sectors. You will also receive MDM Update, our daily distribution e-newsletter & other distribution-focused

Miura Grows US Market Share

This post was originally published on this site Miura Grows US Market Share | 2019-04-18 | ACHR News This website requires certain cookies to work and uses other cookies to help you have the best experience. By visiting this website, certain cookies have already been set, which you may delete and block. By closing this message or continuing to use our site, you agree to the use of cookies. Visit our updated privacy and cookie policy to learn more. This Website Uses CookiesBy closing this message or continuing to use our site, you agree to our cookie policy. Learn More This website requires certain cookies to work and uses other cookies to help you have the best experience. By visiting this website, certain cookies have already been set, which you may delete and block. By closing this message or continuing to use our site, you agree to the use of cookies. Visit our updated privacy and cookie policy to learn more.

Plumbing & Heating Wholesale Host First Business Planning Boot Camp

This post was originally published on this site Plumbing & Heating Wholesale Host First Business Planning Boot Camp | 2019-04-23 | ACHR News This website requires certain cookies to work and uses other cookies to help you have the best experience. By visiting this website, certain cookies have already been set, which you may delete and block. By closing this message or continuing to use our site, you agree to the use of cookies. Visit our updated privacy and cookie policy to learn more. This Website Uses CookiesBy closing this message or continuing to use our site, you agree to our cookie policy. Learn More This website requires certain cookies to work and uses other cookies to help you have the best experience. By visiting this website, certain cookies have already been set, which you may delete and block. By closing this message or continuing to use our site, you agree to the use of cookies. Visit our updated privacy and cookie policy to learn more.

Hiller Plumbing, Heating, Cooling & Electrical Tops Ruud’s Reliable Contractor List

This post was originally published on this site Hiller Plumbing, Heating, Cooling & Electrical Tops Ruud’s Reliable Contractor List | 2019-04-23 | ACHR News This website requires certain cookies to work and uses other cookies to help you have the best experience. By visiting this website, certain cookies have already been set, which you may delete and block. By closing this message or continuing to use our site, you agree to the use of cookies. Visit our updated privacy and cookie policy to learn more. This Website Uses CookiesBy closing this message or continuing to use our site, you agree to our cookie policy. Learn More This website requires certain cookies to work and uses other cookies to help you have the best experience. By visiting this website, certain cookies have already been set, which you may delete and block. By closing this message or continuing to use our site, you agree to the use of cookies. Visit our updated privacy and cookie policy to learn more.

Watsco’s Sales Up Slightly in First Quarter

This post was originally published on this siteHVAC distributor Watsco Inc. (NYSE: WSO), Miami, Florida, reported first-quarter sales of $931.3 million, a 0.6% increase compared to a year ago. The company reported $43.8 million in profit, a 3.5% increase. By segment, the company reported 2% growth in HVAC equipment, 2% decrease for other HVAC products, and a 4% decrease in its commercial refrigeration products. Previous Article Winsupply Opens Winwater of Northeast Arkansas © 2019 Gale Media, Inc. Please do not reprint MDM’s content on your website without MDM’s express permission as it is copyrighted material. To gain permission, email us, or call 1-888-742-5060. For information on PDF or print reprints, visit www.mdm.com/reprints. MDM welcomes inbound links from your site. Please cite Modern Distribution Management. The 2018 Top Distributors List This free PDF includes lists of top distribution companies across 14 sectors. You will also receive MDM Update, our daily distribution e-newsletter & other distribution-focused content. Download the Free PDF now >> MDM Update: Daily Newsletter  Sign up to read the best source for news & trends in wholesale distribution, MDM Update. Delivered daily to your inbox.  Sign-up for MDM Update >>

Winsupply Opens Winwater of Northeast Arkansas

This post was originally published on this siteWinsupply Inc., Dayton, OH, has opened Winwater of Northeast Arkansas, Lake City, Arkansas, serving waterworks contractors throughout the northeast part of the state.  There are some 580 Winsupply locations across the United States serving the residential and commercial construction and industrial markets with supplies and materials. Previous Article Anixter’s Sales Up 7% in First Quarter © 2019 Gale Media, Inc. Please do not reprint MDM’s content on your website without MDM’s express permission as it is copyrighted material. To gain permission, email us, or call 1-888-742-5060. For information on PDF or print reprints, visit www.mdm.com/reprints. MDM welcomes inbound links from your site. Please cite Modern Distribution Management. The 2018 Top Distributors List This free PDF includes lists of top distribution companies across 14 sectors. You will also receive MDM Update, our daily distribution e-newsletter & other distribution-focused content. Download the Free PDF now >> MDM Update: Daily Newsletter  Sign up to read the best source for news & trends in wholesale distribution, MDM Update. Delivered daily to your inbox.  Sign-up for MDM Update >>

Anixter’s Sales Up 7% in First Quarter

This post was originally published on this siteAnixter International Inc. (NYSE: AXE), Glenview, Illinois, reported first-quarter sales of $2.1 billion, up 7%. Profit was $39.1 million, up 22% over 2018. Organic sales grew by 7.7%. “Sales growth was above our outlook range, driven by strong results in our NSS and UPS segments. In addition to strong sales growth, we were pleased to continue to deliver meaningful improvement in gross margin and operating margin, driven by margin initiatives implemented across the business,” commented Bill Galvin, president and CEO. Anixter’s Network & Security Solutions segment sales increased 11.8% in the first quarter, to $1.1 billion. Electrical & Electronic Solutions sales decreased 0.5% to $566 million, and Utility Power Solutions sales grew 7.2% to $430 million. Previous Article New Construction Starts Surge in March © 2019 Gale Media, Inc. Please do not reprint MDM’s content on your website without MDM’s express permission as it is copyrighted material. To gain permission, email us, or call 1-888-742-5060. For information on PDF or print reprints, visit www.mdm.com/reprints. MDM welcomes inbound links from your site. Please cite Modern Distribution Management. The 2018 Top Distributors List This free PDF includes lists of top distribution companies across 14 sectors. You will

Pentair Q1 Sales Down 6%

This post was originally published on this sitePentair plc (NYSE: PNR), London, UK, reported first-quarter sales of $689 million, a 6% decrease compared to the year-ago period. First-quarter profit was $51.3 million compared to $102.9 million in 2018. “Wet and cold weather delayed pool construction activity in several key markets,” said John L. Stauch, Pentair president and CEO. “We have not seen any significant changes in demand trends within the important Aquatics markets. The inclement weather also impacted our higher margin Specialty Ag Spray business within Flow Technologies. As a result of slower sell-through during the first quarter, inventory levels were not reduced to the levels we originally anticipated. We expect inventory levels in the channel to come down as stronger sell-through resumes in the second and third quarters.” Previous Article New Construction Starts Surge in March Next Article Anixter’s Sales Up 7% in First Quarter © 2019 Gale Media, Inc. Please do not reprint MDM’s content on your website without MDM’s express permission as it is copyrighted material. To gain permission, email us, or call 1-888-742-5060. For information on PDF or print reprints, visit www.mdm.com/reprints. MDM welcomes inbound links from your site. Please cite Modern Distribution Management. The 2018 Top

XOi Technologies Redesigns Website

This post was originally published on this site XOi Technologies Redesigns Website | 2019-04-23 | ACHR News This website requires certain cookies to work and uses other cookies to help you have the best experience. By visiting this website, certain cookies have already been set, which you may delete and block. By closing this message or continuing to use our site, you agree to the use of cookies. Visit our updated privacy and cookie policy to learn more. This Website Uses CookiesBy closing this message or continuing to use our site, you agree to our cookie policy. Learn More This website requires certain cookies to work and uses other cookies to help you have the best experience. By visiting this website, certain cookies have already been set, which you may delete and block. By closing this message or continuing to use our site, you agree to the use of cookies. Visit our updated privacy and cookie policy to learn more.

Beth Goldstein Promoted to Chief Human Resources Officer

This post was originally published on this site Beth Goldstein Promoted to Chief Human Resources Officer | 2019-04-23 | ACHR News This website requires certain cookies to work and uses other cookies to help you have the best experience. By visiting this website, certain cookies have already been set, which you may delete and block. By closing this message or continuing to use our site, you agree to the use of cookies. Visit our updated privacy and cookie policy to learn more. This Website Uses CookiesBy closing this message or continuing to use our site, you agree to our cookie policy. Learn More This website requires certain cookies to work and uses other cookies to help you have the best experience. By visiting this website, certain cookies have already been set, which you may delete and block. By closing this message or continuing to use our site, you agree to the use of cookies. Visit our updated privacy and cookie policy to learn more.

Overly Hautz Granted US Patent

This post was originally published on this site Overly Hautz Granted US Patent | 2019-04-22 | ACHR News This website requires certain cookies to work and uses other cookies to help you have the best experience. By visiting this website, certain cookies have already been set, which you may delete and block. By closing this message or continuing to use our site, you agree to the use of cookies. Visit our updated privacy and cookie policy to learn more. This Website Uses CookiesBy closing this message or continuing to use our site, you agree to our cookie policy. Learn More This website requires certain cookies to work and uses other cookies to help you have the best experience. By visiting this website, certain cookies have already been set, which you may delete and block. By closing this message or continuing to use our site, you agree to the use of cookies. Visit our updated privacy and cookie policy to learn more.

Distributors, Manufacturers Rate Their Supply Chain Partnerships

This post was originally published on this site Distributors, Manufacturers Rate Their Supply Chain Partnerships | 2019-04-22 | ACHR News This website requires certain cookies to work and uses other cookies to help you have the best experience. By visiting this website, certain cookies have already been set, which you may delete and block. By closing this message or continuing to use our site, you agree to the use of cookies. Visit our updated privacy and cookie policy to learn more. This Website Uses CookiesBy closing this message or continuing to use our site, you agree to our cookie policy. Learn More This website requires certain cookies to work and uses other cookies to help you have the best experience. By visiting this website, certain cookies have already been set, which you may delete and block. By closing this message or continuing to use our site, you agree to the use of cookies. Visit our updated privacy and cookie policy to learn more.

New Construction Starts Surge in March

This post was originally published on this siteNew construction starts in March advanced 16% from the previous month to a seasonally adjusted annual rate of $809.2 billion, according to Dodge Data & Analytics.  The substantial gain followed a lackluster performance during the first two months of 2019, as total construction starts in March were able to climb back to a level slightly above the average monthly pace during 2018. The nonbuilding construction sector, comprised of public works and electric utilities/gas plants, jumped 40% in March from a weak February, lifted by the start of a $4.3 billion liquefied natural gas. Nonresidential building increased 24% in March, aided by groundbreaking for several large projects. These included the $1.6 billion Toyota-Mazda automotive manufacturing facility in Huntsville, Alabama, a $1.1 billion hotel and theater redevelopment in New York, and the $850 million renovation of the KeyArena in Seattle. In contrast, residential building slipped 3% in March, as multifamily housing retreated for the second consecutive month.  During the first three months of 2019, total construction starts on an unadjusted basis were $164.5 billion, down 10% from the same period a year ago. On a twelve-month moving total basis, total construction starts for the twelve

SRS Distribution Announces Three New In-Fill Greenfield Locations

This post was originally published on this site© 2019 Gale Media, Inc. Please do not reprint MDM’s content on your website without MDM’s express permission as it is copyrighted material. To gain permission, email us, or call 1-888-742-5060. For information on PDF or print reprints, visit www.mdm.com/reprints. MDM welcomes inbound links from your site. Please cite Modern Distribution Management. The 2018 Top Distributors List This free PDF includes lists of top distribution companies across 14 sectors. You will also receive MDM Update, our daily distribution e-newsletter & other distribution-focused content. Download the Free PDF now >> MDM Update: Daily Newsletter  Sign up to read the best source for news & trends in wholesale distribution, MDM Update. Delivered daily to your inbox.  Sign-up for MDM Update >>

Kimberly-Clark’s Sales Up 1%

This post was originally published on this site© 2019 Gale Media, Inc. Please do not reprint MDM’s content on your website without MDM’s express permission as it is copyrighted material. To gain permission, email us, or call 1-888-742-5060. For information on PDF or print reprints, visit www.mdm.com/reprints. MDM welcomes inbound links from your site. Please cite Modern Distribution Management. The 2018 Top Distributors List This free PDF includes lists of top distribution companies across 14 sectors. You will also receive MDM Update, our daily distribution e-newsletter & other distribution-focused content. Download the Free PDF now >> MDM Update: Daily Newsletter  Sign up to read the best source for news & trends in wholesale distribution, MDM Update. Delivered daily to your inbox.  Sign-up for MDM Update >>

Grainger’s Q1 Sales Rise 1%

This post was originally published on this siteGrainger (NYSE: GWW), Chicago, reported first quarter sales of $2.8 billion, up 1% over the previous year’s first quarter. The company reported a profit of $253 million, up 9% over 2018. On a constant currency basis, daily sales were up 4%t and up 4.5% after normalizing for the impact of a prior year change in accounting estimate. “In the first quarter of 2019, we continued to demonstrate our ability to drive profitable growth. While our sales performance was softer than expected, largely due to a weaker demand environment, our SG&A leverage helped drive strong earnings growth in the quarter,” said DG Macpherson, chairman and CEO. “We remain confident in our ability to gain share and generate SG&A leverage in 2019. We are reiterating our 2019 total company guidance ranges, including sales growth of 4 to 8.5% and operating margin of 12.2% to 13%.” Previous Article Chicago Fed National Index Rose to -0.15 in March Next Article Kimberly-Clark’s Sales Up 1% © 2019 Gale Media, Inc. Please do not reprint MDM’s content on your website without MDM’s express permission as it is copyrighted material. To gain permission, email us, or call 1-888-742-5060. For information on PDF or

Chicago Fed National Index Rose to -0.15 in March

This post was originally published on this siteLed by improvements in employment-related indicators, the Chicago Fed National Activity Index rose to -0.15 in March from -0.31 in February. Three if the four broad categories of indicators that make up the index increased from February, but three of the four categories made negative contributions to the index in March. The index’s three-month moving average, CFNAI-MA3, moved down to -0.24 in March from -0.18 in February. The CFNAI Diffusion Index, which is also a three-month moving average, decreased to –0.18 in March from –0.08 in February. Thirty-seven of the 85 individual indicators made positive contributions to the CFNAI in March, while 47 made negative contributions and one made a neutral contribution. Forty-eight indicators improved from February to March, while 37 indi­cators deteriorated. Of the indicators that improved, 23 made negative contributions. The contribution from production-related indicators to the CFNAI ticked up to –0.10 in March from –0.12 in February. Manufacturing industrial production decreased 0.01 percent in March after falling 0.3 percent in February. The sales, orders, and inventories category made a contribution of +0.05 to the CFNAI in March, up slightly from +0.01 in February. Employment-related indicators contributed –0.03 to the CFNAI

Offer a 100% Money Back Guarantee

This post was originally published on this site Offer a 100% Money Back Guarantee | 2019-04-22 | ACHR News This website requires certain cookies to work and uses other cookies to help you have the best experience. By visiting this website, certain cookies have already been set, which you may delete and block. By closing this message or continuing to use our site, you agree to the use of cookies. Visit our updated privacy and cookie policy to learn more. This Website Uses CookiesBy closing this message or continuing to use our site, you agree to our cookie policy. Learn More This website requires certain cookies to work and uses other cookies to help you have the best experience. By visiting this website, certain cookies have already been set, which you may delete and block. By closing this message or continuing to use our site, you agree to the use of cookies. Visit our updated privacy and cookie policy to learn more.

End the California Drought for Refrigerant Incentives

This post was originally published on this site End the California Drought for Refrigerant Incentives | ACHR News This website requires certain cookies to work and uses other cookies to help you have the best experience. By visiting this website, certain cookies have already been set, which you may delete and block. By closing this message or continuing to use our site, you agree to the use of cookies. Visit our updated privacy and cookie policy to learn more. This Website Uses CookiesBy closing this message or continuing to use our site, you agree to our cookie policy. Learn More This website requires certain cookies to work and uses other cookies to help you have the best experience. By visiting this website, certain cookies have already been set, which you may delete and block. By closing this message or continuing to use our site, you agree to the use of cookies. Visit our updated privacy and cookie policy to learn more.

Safety Concepts for HVAC Contractors and Technicians

This post was originally published on this site Safety Concepts for HVAC Contractors and Technicians | 2019-04-22 | ACHR News This website requires certain cookies to work and uses other cookies to help you have the best experience. By visiting this website, certain cookies have already been set, which you may delete and block. By closing this message or continuing to use our site, you agree to the use of cookies. Visit our updated privacy and cookie policy to learn more. This Website Uses CookiesBy closing this message or continuing to use our site, you agree to our cookie policy. Learn More This website requires certain cookies to work and uses other cookies to help you have the best experience. By visiting this website, certain cookies have already been set, which you may delete and block. By closing this message or continuing to use our site, you agree to the use of cookies. Visit our updated privacy and cookie policy to learn more.

The Truth About Carbon Monoxide

This post was originally published on this site The Truth About Carbon Monoxide | 2019-04-22 | ACHR News This website requires certain cookies to work and uses other cookies to help you have the best experience. By visiting this website, certain cookies have already been set, which you may delete and block. By closing this message or continuing to use our site, you agree to the use of cookies. Visit our updated privacy and cookie policy to learn more. This Website Uses CookiesBy closing this message or continuing to use our site, you agree to our cookie policy. Learn More This website requires certain cookies to work and uses other cookies to help you have the best experience. By visiting this website, certain cookies have already been set, which you may delete and block. By closing this message or continuing to use our site, you agree to the use of cookies. Visit our updated privacy and cookie policy to learn more.