Earnings for Major Energy Products Distributors Illustrate Sector’s Recovery

It doesn’t seem that long ago that distributors tied to the energy sector were reporting hefty sales and profit declines as demand took a nosedive as soon as the COVID-19 pandemic hit in March 2020. Major distributors of PVF, refinery equipment, pumping solutions and general energy MRO supplies had to endure essentially a full year of sour financial performance before economies fully reopened and demand returned to a respectable level vs. its pre-pandemic amount. It’s a much different story today. Over the past two weeks, a trio of the energy sector’s largest products distributors and…