While in contraction territory for a 10th straight month, a handful of key subindexes trended positive vs. July.
The news follows 3M’s failed attempt to move the biggest mass tort lawsuit in U.S. history into bankruptcy court to limit its liability.
The MRO products distributor’s project will create at least 250 full-time jobs by the facility’s sixth year of operation.
Association data shows metalformers anticipate a modest improvement in incoming orders, while shipping levels declined further in August.
Amazon is already using AI to sort damaged goods, while Walmart uses ChatGPT to negotiate contracts with some suppliers.
It’s a big week for industrial manufacturer’s financial reports. We recap the key figures for six of them here.
For a second straight month, none of the PMI’s 10 subindexes registered monthly expansion.
Lower volumes and last year’s oil & gas divestiture weighted down on revenue growth, while the company continued to slash inventories.
The industrial distribution giant’s results seemed to outperform the rest of the sector, with a sequential revenue growth slowdown more subdued than what others have reported in this earnings cycle.
A UPS worker strike could cause pandemic-like disruptions, the National Association of Wholesaler-Distributors President and CEO said.
Operating margin improved year-over-year across all three key business units, while the pace of organic sales declined.
The industrial parts distributor’s profit margin grew 190 bps year-over-year despite sales growth that was less than half that of 1Q.
