The company says net sales for 2023’s second quarter were $816 million, a decrease of $423 million from last year.
The additions for the plumbing and industrial supplies distribution giant are across three different industries.
It’s a big week for industrial manufacturer’s financial reports. We recap the key figures for six of them here.
For a second straight month, none of the PMI’s 10 subindexes registered monthly expansion.
Lower volumes and last year’s oil & gas divestiture weighted down on revenue growth, while the company continued to slash inventories.
The official manufacturing purchasing managers’ index (PMI) was 49.3 in July, data from the National Bureau of Statistics showed.
After years of financial trouble and recent labor disrupts, North America’s third largest truck carrier is filing for bankruptcy.
Year-over-year sales growth slowed to 2% in the second quarter, but operating margin increased to 20.6%, according to an earnings report.
It was the fourth consecutive monthly increase, and more than twice the increase of May.
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.
