Year-over-year sales and profit continued to slide at Motion, reflecting challenges in the industrial sector.
Get a complete breakdown of the distributor’s September and 3Q financials, which point to a demand uptick for the industrial supply sector.
Though still soft by Fastenal’s historical standards, August was a rebound from July. Get MDM’s full breakdown here.
The distributor’s full-year total sales increased 1.5% year-over-year, while 4Q sales remained flat.
Growth continued to slide across all geographies, product segments and customer end markets.
As expected, DSG’s organic sales declined compared to a year ago but sequential improvement was driven by increased sales in many end markets.
Year-over-year sales and profit continued to slide at MRO supplies distributor Motion, though not as much as in 1Q.
Weak fastener sales continue to weigh on overall results, though the company indicated that customer acquisition efforts remain encouraging.
The first in this three-part Premium series examines the state of electrical supplies distributor Wesco International, how it got to this point and the strategic pillars powering the organization.
Here’s the condensed, free version of the first in a three-part Premium series that examines the state of Wesco International and the strategic pillars powering the organization.
The company updated corrective actions it’s taken in the wake of complexities in MSC’s web pricing realignment rollout from earlier this year, which directly weakened sales and profits.
The two companies had combined revenue of just over $20 million in 2023 and have 58 employees.
