The Leading Source for Industrial Distribution News
Two-Wheel Hand Truck Has Powered Lift
April 30, 2013 9:50 am | by Lift'n Buddy | Product Releases | CommentsLift'n Buddy combines the vertical lifting of a small powered stacker with the convenience, versatility, and simplicity of a 2-wheel hand truck.
KEEN Utility Introduces New Work Footwear For Spring
April 30, 2013 9:44 am | by KEEN Utility | Product Releases | CommentsThe super slip-resistant outsole features drainage channels that direct water and oils away from contact points under the foot, similar to a tire tread, helping to increase stability and sure-footing indoors and out.
Kaman Distribution Segment Organic Sales Decline
April 30, 2013 9:35 am | by Kaman Corp. | News | CommentsCEO Keating: "Distribution faced a decline in organic sales which resulted in its operating profit contribution coming in below prior year." Sales increased 1.8% in the first quarter of 2013 to $257.2 million compared to $252.6 million a year ago for the distribution segment.
Quality Products Inc. Acquires Pacific Press Technologies
April 30, 2013 9:29 am | by Quality Products, Inc. | News | CommentsQuality Products, Inc., a manufacturer and distributor of aircraft ground support equipment and hydraulic press machine tools, today announced an acquisition, through a newly formed subsidiary, PPT Industrial Machines Inc..Under the terms of the purchase agreement, PPT is acquiring certain assets and liabilities of Pacific Press Technologies LLC.
National Oilwell Varco Revenue Down 7% In First Quarter
April 29, 2013 5:10 pm | News | CommentsRevenues for the first quarter of 2013 were $5.31 billion, a decrease of seven percent from the fourth quarter of 2012 and an increase of 23 percent from the first quarter of 2012. Operating profit for the quarter, excluding the transaction charges, was $816 million, or 15.4 percent of sales. Sequentially, first quarter operating profit decreased 14 percent, while year-over-year first quarter operating profit decreased seven percent.
Multi-Conductor Cable
April 29, 2013 9:54 am | by NTE Electronics | Product Releases | CommentsNTE’s multi-conductor cable greatly improves soldering connections as well as making termination handling easier due to its extra flexible stranding.
Pleated Bag Filters
April 29, 2013 9:50 am | by United Air Specialists, Inc. | Product Releases | CommentsDeveloped to replace traditional filter bags and cages, each pleated bag filter has a one-piece construction design which allows it to be used in new systems or as a simple retrofit in existing bag house equipment for improved system performance.
Beyond DSO: How Distributors Can Improve Customer Relations With Intelligent Accounts Receivable Management
April 29, 2013 9:40 am | by Mark Wilson, CEO, TermSync | Blogs | CommentsAsking customers to pay their invoices can often be an uncomfortable situation for distribution executives and their finance teams. It’s often considered a necessary evil in the business world. What many distributors may not realize is that while the end goal of these interactions is to receive payments, they are also valuable opportunities to improve your customer relationships.
Gardner Denver First Quarter Net Income Falls 17%
April 29, 2013 9:36 am | by Associated Press | News | CommentsThe company on Friday reported net income after paying preferred dividends of $45.7 million, or 93 cents per share, down from $54.8 million, or $1.08 per share, in the same quarter of 2012. Excluding restructuring costs and other one-time items, the company said it posted an adjusted profit of $1.06 per share. Revenue fell 15 percent to $513.5 million from $604.4 million.
HD Supply Facilities Maintenance Expands Catalog
April 29, 2013 9:28 am | by HD Supply Facilities Maintenance | News | CommentsThe 2013 full-line catalog features more than 27,000 in-stock products with free, next-day delivery available and expanded Property Improvement service offerings, including renovation, customized products, and installation services.
ITW Plans To Sell Six Of Its Businesses
April 29, 2013 9:14 am | by Jack Keough, Contributing Editor, Industrial Distribution | News | CommentsITW had previously said it would sell off slower-growing units and focus on those with the most potential for growth. ITW said the six businesses have an operating margin of about 7%, compared with a 16.5% margin for the whole company during the first quarter, the Wall Street Journal reported.
Report Indicates Electrical Wholesaler Websites Have Untapped Opportunities
April 26, 2013 9:53 am | by hybris | Articles | CommentsThe hybris 2012 State of B2B E-Commerce survey found that the majority of B2B procurement specialists (88%) prefer vendors that offer e-commerce over those who do not. Many buyers, however, indicated that the quality of the B2B e-commerce experience is inferior to that of B2C, limiting its effectiveness.
Stanley Black & Decker First Quarter Profit Plunges 33%
April 26, 2013 9:48 am | by Stanley Black & Decker | News | CommentsStanley Black & Decker's first-quarter earnings sank 33 percent as the hardware and home-improvement business booked heavier charges tied to mergers and acquisitions. It said a cold start to spring and a sluggish European performance restrained revenue growth.
Webinar: How Business Model Mistakes Hurt Your Bottom Line
April 26, 2013 9:39 am | by Unleash:WD | News | Comments“This webinar will provide organizations with the framework to build a business model plan that will rapidly create new value,” Dirk Beveridge, Founder of UnleashWD and one of the hosts of the webinar, said. “Wholesale distribution companies need to update their business models to address changes to the marketplace. This webinar will provide specific insight on how your business may accomplish this."
3M First Quarter Net Falls Flat On Soft Demand
April 25, 2013 4:12 pm | by Joshua Freed, AP Economics Writer | News | Comments3M said Thursday its first-quarter profit barely rose as it faced weaker demand. It cut its profit guidance for the full year. 3M's Scotch tape and construction and safety materials make it a good window into the broader economy. It has operations all over the world, so a stronger dollar hurt its revenue because many of its goods are sold in other currencies.
Epicor ERP Expands Features, Functionality, & Reach
April 25, 2013 3:51 pm | by Epicor Software Corporation | Product Releases | CommentsEpicor Prophet 21 continues to expand its global reach with the addition of country-specific functionality (CSF) for Mexico in this new release.
Easy-to-Clean Cable Jackets
April 25, 2013 3:20 pm | by General Cable | Product Releases | CommentsCables manufactured by General Cable with a GenClean jacket permit organic remnants to be more readily removed in a wash cycle, which would substantially reduce the environmental conditions conducive to microbial growth.
Timken Sales Dip 23% From 1Q 2012
April 25, 2013 10:04 am | by Timken | News | CommentsThe decline reflects lower demand across most of the company's end markets led by oil and gas, industrial distribution and off-highway market sectors, partially offset by acquisitions and improved pricing. In addition, steel surcharges declined $72 million from the prior-year quarter.
Lawson Net Sales Down 5.2% In First Quarter
April 25, 2013 10:01 am | by Lawson Products, Inc. | News | CommentsNet sales for the first quarter of 2013 decreased 5.2% to $72.0 million versus $76.0 million for the first quarter of 2012. The decrease was mainly driven by reduced sales coverage due to an 11% decline in the average number of sales representatives in the first quarter of 2013 compared to the prior year period.
Grainger Increases Dividend 16%, Re-Elects Directors
April 25, 2013 9:49 am | by W.W. Grainger, Inc. | News | CommentsThe board of directors voted to raise the quarterly cash dividend by 16 percent to 93 cents per share. Grainger has provided 42 consecutive years of increased dividends, a record that only 3 percent of companies in the S&P 500 can claim.
