The company reported 1Q 2023 gross profit of $98.4 million, down from the $107.8 million reported during the same quarter in 2022.
MiddleGround Capital’s strategic acquisition of Advantage Metal Products supports another of MiddleGround’s recent acquisitions, Megatech.
The Institute for Supply Management’s monthly Purchasing Managers Index (PMI) remained in contraction territory for a sixth straight month in April.
Honeywell has acquired Des Moines, Iowa-based Compressor Controls Corporation from Indicor.
Codale Electric, a Sonepar company, announced the opening of its new Nampa, Idaho, branch location.
The earnings call comes two weeks after Amazon said its Business segment was driving $35 billion in annualized gross sales by end of 2022.
MDM looks at another round of earnings reports from industrial distributors and manufacturers.
The change includes a 0.7% increase from acquisitions, offset by a negative 0.3% impact from foreign currency translation.
After a strong finish to 2022, Grainger maintained that momentum in 2023’s first quarter, according to its latest earnings report.
ISA has launched a new certification program aimed at developing “the next generation to lead.”
Graybar aims to bolster its growing industrial automation platform with the acquisition of San Jose, California-based Valin.
Cutting tool consumption totaled $196.9M, according to the U.S. Cutting Tool Institute and The Association For Manufacturing Technology.
