The company’s sales slowed considerably in the second half of the year amid tougher comps and a slumping single-family housing market.
Local industrial automation users will see increased Phoenix Contact product availability, and access to Airline’s eCommerce website.
France-based Saint-Gobain saw the Americas become its largest region in terms of operating income in 2022.
Hospeco said the deal complements its already-robust wipes offering and expands the manufacturer’s North American footprint in that market.
The London-based distributor of foodservice and packaging products announced it has made acquisitions in Germany and Canada.
We break down the building supplies distributors’ 4Q and full-year financials, which included a company-record $8.4 billion in 2022 sales.
Motion, Genuine Parts Company’s industrial segment, achieved better than $8.4 billion in 2022 sales.
The company said 4Q sales were $260.5 million — down 0.6% from the same quarter in 2021 — while total-year sales increased 9.7%.
The company plans to implement the new change beginning May 1, more than three years after many staff members began working remotely.
Sales for 4Q 2022 were $35.8 billion, an increase of $112 million (or 0.3%) from the same quarter a year before.
The grand opening of its new 300,000-square-foot Tacoma warehouse and distribution center was held Feb. 1.
Year-to-year food prices abated to 11.6%, which is historically high but also the lowest annual increase since October 2021.
