NOW’s President and CEO said the distributor had the most profitable first half of the year since being a public company.
Wesco reported record second-quarter sales thanks to growth in two segments which offset a quarterly drop in its electrical business unit.
The company says net sales for 2023’s second quarter were $816 million, a decrease of $423 million from last year.
With budgets and action plans already looking to next year, Tom Gale examines how to identify where your team is today across the dimensions of people, sales process, technology and data analytics.
It’s a big week for industrial manufacturer’s financial reports. We recap the key figures for six of them here.
Lower volumes and last year’s oil & gas divestiture weighted down on revenue growth, while the company continued to slash inventories.
After a rollercoaster first half to start 2023, mergers and acquisitions seem to have leveled off to begin the second half.
In the latest Baird-MDM quarterly industrial distribution survey, we asked how manufacturers could make partnerships more efficient. See our analysis and plenty of respondent commentary.
Year-over-year sales growth slowed to 2% in the second quarter, but operating margin increased to 20.6%, according to an earnings report.
The industrial distribution giant’s results seemed to outperform the rest of the sector, with a sequential revenue growth slowdown more subdued than what others have reported in this earnings cycle.
Sales within the company’s Performance Coatings Group increased 0.3% during the quarter.
Structural connector and building solution manufacturer Simpson recorded consolidated net sales of $597.6 million, an increase of 0.7% YoY.
