The company reported sales of $253.8 million for its fiscal fourth quarter, which ended March 31.
Lumber deflation and unfavorable weather drove The Home Depot’s earnings in the first quarter of 2023 below expectations.
After a strong fiscal 2022, DXP is off to a fast start in 2023.
The New York-based health care products distributor made acquisitions in Australia and Brazil.
See the key financial figures reported by three major industrial manufacturers and distributors.
See the key financial figures reported by five major industrial distributors.
Despite a sales decline in 1Q, Regal Rexnord CEO Louis Pinkham has high hopes for the manufacturer following its acquisition of Altra Industrial Motion.
The company reported 1Q 2023 revenue of approximately $2.52 billion, a slight increase compared with $2.4 billion reported in 1Q 2022.
The company’s year-over-year daily sales growth accelerated after several months of decline, powered by sales to manufacturing customers.
MDM looks at another round of earnings reports from industrial distributors and manufacturers.
The company reported 1Q 2023 gross profit of $98.4 million, down from the $107.8 million reported during the same quarter in 2022.
The earnings call comes two weeks after Amazon said its Business segment was driving $35 billion in annualized gross sales by end of 2022.
