Lawson Products changed its name to Distribution Solutions Group after merging with TestEquity Gexpro Services in April.
For the nine-month period ending in September, total revenue was $7.4 billion, up sightly versus the same period last year.
Net income attributable to NOW Inc. was $40 million for 2022’s third quarter, the company said in an announcement.
The average annual sales growth for the 12 months through September 2022 is 23.5% percent, HARDI announced.
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The new DC significantly expands the company’sfootprint in Canada, while its margin and profit dipped in 3Q despite higher sales.
RS Group’s chief services officer will act as president of Allied in the interim.
MDM looks at another round of earnings reports from industrial distributors and manufacturers.
Michael Knight will succeed longtime Endries President Steve Endries, who will remain with the company.
While sales increased over 3Q 2021, net income decreased to $2.9 billion, or $0.28 per diluted share, Amazon said.
Sales growth was slower than in 2Q, but Grainger remains on pace to finish 2022 strong.
MDM looks at reports from Stanley Black & Decker, Avnet, Timken, Illinois Tool Works, MSA Safety Incorporated, Caterpillar and Saint-Gobain.
