Pros can use the Lowe’s MVPs Business Tools to ‘simplify their resupply process with easy order placement and tracking,’ the company said.
Operations
Article
Boeing Distribution Inks Actuators & Controls Deal with Ontic
Boeing Distribution will be the exclusive distributor of approximately 600 actuation and control products.
Mergers & Acquisitions
Article
AFC Industries Acquires QFC Industries in Texas
QFC represents AFC’s third acquisition of 2023 already and eighth since April 2021.
Earnings
Article
Watsco Sees Slower Sales and Margin Growth in 1Q
The company reported a 2% increase in sales over the same quarter in 2022 to a ‘record’ $1.55 billion.
Earnings
Article
Rexel’s 1Q North American Sales Rise 8.7% YoY
The French electrical distributor said total 1Q 2023 sales across the globe increased 12.6% versus the same period last year.
Operations
Article
Lowe’s Plans to Install Solar Panels at More than 170 Locations
The announcement is part of Lowe’s goal of reaching 50% renewable energy for its facilities by 2030, the company said.
Operations
Article
Sonepar Details Major Digital Transformation Initiative
Sonepar selected Microsoft, Publicis Sapient and Hitachi Solutions to help drive the company’s digital innovation in a ‘sustainable manner.’
Technology
Article
Verusen Launches AI-Driven App to Streamline RFx Process
The company said the app will help suppliers and distributors ‘grow revenue and strengthen customer relationships through collaboration.”
Earnings
Article
DXP 4Q Sales Grow 38.6%; Full-Year Sales Reach $1.5B
DXP’s 38.6% year-over-year sales growth in 4Q followed 33.8% growth in 3Q.
Operations
Article
Dakota Supply Group Opens New Branch Near Twin Cities
Dakota Supply Group now has 13 locations in Minnesota and more than 300 employee-owners, the company said.
Operations
Article
OTC Industrial Technologies to Open Cincinnati Mfg Facility
The location will focus on compressed air solutions, one of which is DIRECTAIR, an air utility service solution for customers.
Economic Trends
Article
U.S. Factory Output Rose 0.4% in March, Topping Expectations
The increase was above investor expectations of a 0.2% gain, according to a survey by The Wall Street Journal.

