While MSC’s June-August quarter ended with strong daily sales growth, it flattened to low-single digits in September and October.
3Q Industrial & Safety sales fell nearly 5% year-over-year amid mixed end-market demand and distributors right-sizing inventory levels.
The surprise walkout comes days after UAW President highlighted the “shortcomings” of Stellantis’ current offer.
The 126,000-square-foot facility has a strategic location with convenient access from 45th Street in Fargo and 9th Street in West Fargo, North Dakota.
DXP says the transaction provides it with ‘operational and financial flexibility to reinvest in the business and pursue its organic and targeted acquisition growth strategy.’
For 3Q 2023, sales in North America were $2.21 billion, an increase of 2.7%, while sales in Europe were $2.38 billion, an increase of 3.4%.
U.S. cutting tool consumption totaled $219.2M, according to the U.S. Cutting Tool Institute and Association For Manufacturing Technology.
Net sales for 2023’s third quarter were nearly $1.16 billion, an increase of $56.8 million, or 5.2%, from 2022 levels.
For 3Q 2023, the company also reported a 9% increase in operating income to a record $257 million.
The agreement will focus on promoting the expansion of BBI’s stainless steel lines, according to a news release.
Sales for Genuine Parts Company’s industrial segment were $2.2 billion, up 0.6% from the same period in 2022.
White Cap’s 20,000-square-foot indoor building space is in addition to 1.5 acres of industrial outdoor storage space.
