MDM looks at another round of earnings reports from industrial distributors and manufacturers.
The change includes a 0.7% increase from acquisitions, offset by a negative 0.3% impact from foreign currency translation.
After a strong finish to 2022, Grainger maintained that momentum in 2023’s first quarter, according to its latest earnings report.
The company reported a 2% increase in sales over the same quarter in 2022 to a ‘record’ $1.55 billion.
The French electrical distributor said total 1Q 2023 sales across the globe increased 12.6% versus the same period last year.
DXP’s 38.6% year-over-year sales growth in 4Q followed 33.8% growth in 3Q.
The distributor said pricing’s impact on 1Q sales was roughly half what it was in 2022’s third quarter.
Double-digit year-over-year sales and profit gains continued for the distributor, for which eCommerce comprised 62% of quarterly sales.
The St. Louis-based waterworks and industrial supplies distributor posted record sales in its fiscal 2022 that ended in late January.
The electrical products distributor says it also completed 20 acquisitions and welcomed 2,100 new associates in 2022.
After Lawson Products transformed into DSG last year, the multi-faceted distributor has reported strong financials. Here’s why the company isn’t slowing down.
The financials included results for Varis, the company’s new B2B marketplace launched during 2022’s fourth quarter.
