Five-year company veteran Lisa Pope takes over leadership of the ERP solutions leader after serving as its Americas EVP.
It comes just after the company announced the closing of its merger with TestEquity and Gexpro Services and a May 1 CEO succession.
The duo says the partnership boosts the value of Continental’s distributor network by making inventory available to peer members.
The industrial technology company net sales of $909.1 million for the second quarter of fiscal 2022 ended February 28.
Heating, Air-conditioning & Refrigeration Distributors International released its monthly report, showing 25.1% average annual sales growth.
American Supply Association members who responded to a survey said median sales increased 27% in February versus the same month a year ago.
After 9 straight monthly increases, new orders decreased $2.7 billion, or 0.5%, to $542 billion, according to Census Bureau data.
Woodgrain Inc. last month reached a deal to acquire Huttig Building Products for $350 million in an all-cash agreement.
The distributor says the ‘unanticipated rapid rise’ in fuel costs has pushed its suppliers to increase delivery charges.
The personal consumption expenditures index, which is monitored by the Federal Reserve, jumped 6.4% in February.
A new estimate from the Bureau of Economic Analysis says real gross domestic product increased at an annual rate of 6.9% at the end of 2021.
In its latest earnings report, the company reported fiscal 2022 second-quarter net sales of $862.5 million.
