Operations

The average annual sales growth for the 12 months through March 2022 is 25.3% percent, the distributor group said.

Growing demand for supply chain orchestration is ‘driving strong financial performance across our global business,’ CEO says.

Private equity and investment banks are arguably the biggest current drivers of distribution M&A activity. Read the third and final part of MDM’s recent conversation series with executives at leading financial firms behind many of...

In what it called ‘record’ first-quarter results, Graybar reported a 116.5% increase in net income attributable to the company.

The Wisconsin-based manufacturer reported more than $1 billion in sales and a diluted EPS of $4.00 for the first three months of 2022.

The company’s 1Q earnings and subsequent commentary shed light on several other factors driving growth at the MRO parts distributor besides its recent $1.3 billion acquisition of Kaman Distribution Group.

Operations

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Watsco 1Q Sales Rise 34%

Miami-based HVACR distributor Watsco Inc. reported 34% sales growth to a record $1.52 billion for the first three months of 2022.

The engineered and applied products manufacturer this past week declared a quarterly cash dividend of $0.04 per share of TriMas Corporation stock.

The water treatment and sustainability provider says its 2022 first-quarter sales were up 15% compared to the same period last year.