News

Growing demand for supply chain orchestration is ‘driving strong financial performance across our global business,’ CEO says.

Economic Trends

Article

Trade Deficit Jumps $19B in March

The Census Bureau says the international trade deficit was $125.3 billion in March, up from $106.3 billion in February.

In what it called ‘record’ first-quarter results, Graybar reported a 116.5% increase in net income attributable to the company.

The Wisconsin-based manufacturer reported more than $1 billion in sales and a diluted EPS of $4.00 for the first three months of 2022.

Operations

Article

Watsco 1Q Sales Rise 34%

Miami-based HVACR distributor Watsco Inc. reported 34% sales growth to a record $1.52 billion for the first three months of 2022.

The engineered and applied products manufacturer this past week declared a quarterly cash dividend of $0.04 per share of TriMas Corporation stock.

The water treatment and sustainability provider says its 2022 first-quarter sales were up 15% compared to the same period last year.

The board of directors says Steve Bennis has been named CEO, and Patrick Gross will assume the role of president and chief operation officer.