Motion’s third-quarter sales were $1.6 billion, up 14.5% from 2020 and representing 34% of total company revenues.
Watsco reported a 31% jump in EPS to a record $3.62 and a 16% sales growth to $1.78 billion in 3Q 2021.
U.S. Census Bureau and federal housing officials say units authorized by building permits fell 7.7% from August but remained unchanged from the same period in 2020.
Despite the drop, total industrial production rose 4.3% at an annual rate for 3Q, the 5th consecutive quarter with a gain of at least 4%.
The Census Bureau says the combined value of distributive trade sales and shipments and inventories for August was down 0.1% from July.
Year-to-date total reaches $3.55 billion, the highest through 8 months since 1998, according to the Manufacturing Technology Orders report.
Wholesale trade slowed in August, but it was still ahead of revised 2020 levels for the same period, according to the U.S. Census Bureau.
The seasonally adjusted Fastener Distributor Index (FDI) for September was 54.2, down from 55.8 in June, due to recent challenges.
The Census Bureau and the Bureau of Economic Analysis said the goods and services deficit was $73.3 billion.
The U.S. Census Bureau has released advance indicators showing that the international trade deficit and wholesale inventories increased in August.
The increase in real GDP reflected increases in personal consumption expenditures, nonresidential fixed investment, exports, and state and local government spending.
The increase, up 15 of the last 16 months, followed a 0.5% July increase.
