The company says the facility, located in Cincinnati, Ohio, will increase the company’s capacity by about 200%.
The U.S. Census Bureau announced data for international trade, wholesale inventories and retail inventories advance for June 2022.
For the second quarter of 2022, Genuine Parts Company reported record sales of $5.6 billion, a 17% increase over the same period a year ago.
Jon Bridge will join Rivet|MRO from Crescent Electric Supply, where he served as the 3M strategic accounts specialist.
Watsco reported a profit margin of 27.9% from their sales of $2.13 billion compared to last year’s $1.85 billion.
Matt Murray joins as senior business unit manager for industrial distribution and Mike Smith joins as senior business unit manager for fleet.
For the first time since summer 2020, both single-family starts and permits fell below a 1 million annual pace, NAHB says.
Travis Hendren will be responsible for all field operations supporting the company’s distribution yards, GMS Inc. said.
The manufacturer reported second-quarter 2022 sales of $1.136 billion, an increase of $55.2 million over the same period last year.
The Louisiana company reported ‘record’ second-quarter sales for 2022, up 15% from last year to $2.1 billion.
The new facility in Allentown, Pennsylvania, spans 30,269 square feet to support increased inventory and space for new services.
The Producer Price Index for final demand increased 1.1% in June compared to the prior month, the Bureau of Labor Statistics reported.
