The U.S. economy grew in the fourth quarter, but investment in nonresidential structures decreased at an annual rate of 11.4%.
The automation company reported $1.857 billion in sales for its fiscal 2022 first quarter, 18.7% above the same period a year prior.
The Ohio-based distributor reported fiscal 2022 second-quarter net sales of $876.9 million and a net income of $57 million.
Real GDP increased at an annual rate of 6.9% in the fourth quarter of 2021, according to the Bureau of Economic Analysis.
The company’s 2022 fiscal second-quarter sales were $5.9 billion, up from $4.7 billion the year before and ‘exceeding guidance.’
The construction supply company opened a branch in the city of Westbrook, the first in Maine and 16th branch overall.
The industrial automation and digital transformation company says Gina Ayala Claxton is its new president for the Americas Region.
Kurt McMaken is the company’s new senior vice president of operations finance and finance transformation, Eaton says.
State officials signal approval as the multinational company says it will add 600 new jobs at its plant in Clinton, Tennessee, by 2025.
The Columbus-based industrial distributor and service provider has a new logo and a new name: OTC Industrial Technologies.
The Georgia-headquartered company says the move supports its desire for ‘corporate sustainability’ in the copper industry.
The Winona, Minnesota-based distributor topped $6 billion in net sales for the year, including more than $1.5 billion in 4Q 2021.
