Reported and organic sales growth were robust in Q3, though gross margin and EBITDA margin had modest declines year-over-year.
Double-digit pricing actions continue to offset lower shipments of HVAC equipment that uses newly-mandated A2L refrigerants.
It moved the benchmark interest rate to its lowest mark in 3 years, but the lasting government shutdown prompts caution ahead of the next Fed meeting on Dec. 9-10.
It will result in a combined company with about $6.5 billion in annual revenue, more than 160 locations and 6,300 employees.
A major consolidation is reshaping the heavy-duty aftermarket as FleetPride and TruckPro join forces. The merger unites two industry leaders with expansive branch and service networks to create a national platform built for scale, technology...
Double-digit sales growth continued alongside strong profitability in a quarter that saw Graybar record several notable achievements.
Pricing’s impact was double that of a quarter earlier, while Applied’s late 2024 acquisition of Hydradyne continues to drive major growth in the company’s Engineered Solutions segment.
That business comprises less than 1% of 3M’s total revenue. Meanwhile, the company posted solid 3Q organic growth in its Safety & Industrial unit.
The new leadership team at All State Fasteners includes three former Würth Industry North America executives.
The new facility — operated in partnership with CEVA Logistics — improves delivery efficiency and reduces environmental impact with advanced automation.
At Motion, Genuine Parts Company saw year-over-year and sequential sales improvements and end market growth despite continued sluggish demand and “cautious” consumers.
It marks a regional exit for Grainger after 10 years in the U.K. and a sharper focus on North America and Japan.
