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Today in Distribution

The complete daily resource for distribution professionals

Barnes Group Industrial Sales Up 25% In 3Q

October 29, 2013 10:43 am | by Barnes Group, Inc.

For the industrial segment, third quarter 2013 sales were $167.7 million, up 25% from $134.1 million in the same period last year. The increase was driven by Synventive’s sales contribution, organic sales growth of 6%, and favorable foreign exchange of $0.5 million.

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Kaman Distribution Sales Increase 5.7% In 3Q

October 29, 2013 10:40 am | by Kaman Corp.

CEO Keating commented: “Distribution delivered an operating profit margin of 5.4% in the third quarter, a 30 basis point sequential improvement from 5.1% in the second quarter." This was slightly below expectations due to lower organic growth rates than anticipated.

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ICP Ambassadors Connect With Next Generation Employees At Local Career Fairs

October 29, 2013 10:35 am | by Industrial Careers Pathway

One ICP Ambassador commented: “Attending a career fair is a great way to talk with young people who are not quite sure about what they want to do. Industrial distribution provides them with a great career choice if they are technically inclined and like working with people to solve problems.”

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IBC Recognizes Top Distributors & Suppliers At Annual Meeting

October 29, 2013 10:32 am | by IBC

Each year during the three-day event, IBC recognizes distributors and suppliers who best represent the dedication, quality, and standards of excellence that customers have come to expect from members of IBC’s buying group.            

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HD Supply Power Solutions Expands, Revitalizes SC Warehouse

October 29, 2013 10:21 am | by HD Supply

A newly renovated 20,000-square-foot warehouse and expanded counter at 4567 Piggly Wiggly Drive was officially unveiled during a ceremony and trade show.                  

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Owens Corning To Open Facility In NC

October 29, 2013 10:17 am | by Owens Corning

The facility will house the manufacturing and research & development for the glass fiber sector of Owens Corning. The initial investment will be $120 million and at full operations the company will employ up to 110 persons.     

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Mid-Continent Instruments Chooses I.B.I.S. To Implement Microsoft Dynamics AX

October 28, 2013 3:39 pm | by I.B.I.S., Inc.

“We knew that we needed a single, integrated system to manage all of our business processes, including Finance, HR, production, distribution, and customer management,” said Cindy Highbarger, Vice President of Mid-Continent Instruments and Avionics. “After a thorough evaluation of each of the leading ERP systems, we were pleased to find that Dynamics AX met all of our requirements.”

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MSC Adds 3K Safety Products

October 28, 2013 11:28 am | by MSC Industrial Direct Co., Inc.

In addition to its selection products, MSC's safety technical team is readily available to answer questions and offer product recommendations based on each customer’s specific criteria.            

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Contractors Benefit From Information Mobility, But Gaps Still Exist

October 28, 2013 11:23 am | by McGraw Hill Construction

Contractors are investing in improvements to the mobility of their construction project data, yielding business benefits, according to a new report by McGraw Hill Construction.              

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Eaton 3Q Earnings Up 48% Over 2012

October 28, 2013 10:26 am | by Eaton

This result reflects the shares issued as part of the acquisition of Cooper Industries and the purchase price accounting charges resulting from the transaction. Sales in the third quarter were $5.6 billion, 42 percent above the third quarter of 2012.

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Long-Lasting U.S. Factory Goods Orders Rise 3.7%

October 28, 2013 10:17 am | by Christopher S. Rugaber, AP Economics Writer

The Commerce Department said Friday orders for durable goods rose 3.7 percent in September, above the 0.2 percent gain in August. But a 57.5 percent jump in aircraft orders accounted for nearly all the gain. Durable goods are meant to last at least three years.

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F.W. Webb Opens New Location in Falmouth, MA

October 28, 2013 10:15 am | by F.W. Webb

The facility provides greater accessibility for customers on Cape Cod and the Islands. The location will include a Frank Webb’s Bath Center retail showroom, slated to open in the first half of 2014.         

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NOV 3Q Sales Increased 7% Year-Over-Year

October 28, 2013 10:12 am | by National Oilwell Varco, Inc.

The company’s revenues for the third quarter of 2013 were $5.69 billion, an increase of two percent from the second quarter of 2013 and an increase of seven percent from the third quarter of 2012. Operating profit for the third quarter of 2013 was $853 million or 15.0 percent of sales.

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PT/MC Market At Nearly $68 Billion

October 28, 2013 10:08 am | by PTDA

According to the newly released PTDA Power Transmission & Motion Control Market Size Report, the North American power transmission and motion control market is estimated at $67.7 billion.              

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Long-lasting U.S. Factory Goods Orders Rise 3.7%

October 25, 2013 9:46 am | by Christopher S. Rugaber, AP Economics Writer

A jump in demand for commercial airplanes boosted orders for long-lasting U.S. factory goods last month. But orders for most other goods fell as businesses cut spending, a possible sign of concern about the partial government shutdown that began Oct. 1.

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Dow 3Q Sales Up 1%

October 24, 2013 4:07 pm

The company generated more than $1.4 billion in cash flow from operations in the quarter, representing a nearly $300 million, or 27 percent, increase versus the year-ago period. Year to date, Dow has generated $5.6 billion in cash flow from operations, representing an improvement of nearly $3.1 billion compared with the prior year.

3M Sales Grew 5.6% Year-Over-Year

October 24, 2013 4:05 pm | by 3M

Sales grew 5.6 percent year-on-year to $7.9 billion. Organic local-currency sales grew 5.8 percent, acquisitions added 1.5 percent to sales and currency impacts reduced sales by 1.7 percent year-on-year.         

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Air Products Wins Canada Hydrogen Supply Contract from North West

October 24, 2013 4:02 pm | by Air Products

The hydrogen supply to North West will come both from the recently announced new world-scale hydrogen production plant Air Products Canada will build in Scotford, Canada, and from Air Products Canada's existing Heartland Hydrogen Pipeline.    

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USG Corporation 3Q Sales Up 12%

October 24, 2013 3:58 pm | by USG Corporation

The company reported third quarter 2013 net sales of $925 million, up 12 percent from third quarter 2012 net sales of $828 million. This result compares to a $29 million net loss in the third quarter of 2012 or a net loss of $0.28 per diluted share.

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Kennametal Sales Down 2% In 2014 1Q

October 24, 2013 3:23 pm | by Kennametal

Sales were $620 million, compared with $629 million in the same quarter last year. Sales decreased by 2 percent, reflecting a 3 percent organic decline, partially offset by a 1 percent favorable impact from more business days.   

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