We break down the building supplies distributors’ 4Q and full-year financials, which included a company-record $8.4 billion in 2022 sales.
Motion, Genuine Parts Company’s industrial segment, achieved better than $8.4 billion in 2022 sales.
The company said 4Q sales were $260.5 million — down 0.6% from the same quarter in 2021 — while total-year sales increased 9.7%.
Sales for 4Q 2022 were $35.8 billion, an increase of $112 million (or 0.3%) from the same quarter a year before.
MDM looks at another round of earnings reports from industrial distributors and manufacturers.
Rexel’s full-year sales benefited from the company’s acquisitions of Mayer and Horizon Solutions.
For all of 2022, the company reported $2.13 billion in revenue, according to NOW Inc.’s 4Q 2022 earnings announcement.
Watsco’s impressive fourth quarter followed a record-breaking third quarter.
The distributor of electrical and industrial products continues to blossom since its acquisition of Anixter International in 2020.
After three quarters in fiscal 2023, the bearings manufacturer has surpassed $1 billion in net sales, according to an earnings announcement.
For the first six months of its 2023 fiscal year, net sales increased 23% over the same period in FY 2022 to $28.6 billion.
MDM looks at another round of earnings reports from industrial distributors and manufacturers.
