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Today in Distribution

The complete daily resource for distribution professionals

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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U.S. Trade Deficit Widens Slightly To $38.8B

October 24, 2013 10:15 am | by Martin Crutsinger, AP Economincs Writer

The U.S. trade deficit widened only slightly in August, dragged lower by a modest decline in exports. U.S. farmers sold fewer agricultural products overseas, offsetting the best month of sales for American-made cars on record.                

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Lawson Products 3Q Sales Up 0.3%

October 24, 2013 9:53 am | by Lawson Products, Inc.

Net sales were $68.2 million in the third quarter of 2013 compared to $67.9 million in the third quarter of last year. Operating income improved $2.6 million to $0.9 million in the third quarter of 2013 compared to an operating loss of $1.7 million in the prior year quarter.

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Timken Reports Third-Quarter Results; Updates Outlook

October 24, 2013 9:49 am | by Timken

The Timken Company reported third-quarter 2013 sales of $1.1 billion. Sales decreased 7% when compared with the same period a year ago, primarily due to weaker demand from the company's  broad end markets, partially offset by acquisitions.

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BlackHawk Industrial Acquires Two Chicago Businesses

October 24, 2013 9:36 am | by BlackHawk Industrial

Chicago Hi-Speed is a premier industrial distributor of cutting tools, abrasives, fluids, and engineered products along with a wide variety of MRO supplies. Quaker Tool has built and reconditioned high-performance special tools for world-class manufacturers since 1946.

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WESCO 3Q Sales Up 16.6%

October 24, 2013 9:30 am | by WESCO International, Inc.

Net sales were $1,931.3 million for the third quarter of 2013, compared to $1,656.2 million for the third quarter of 2012, an increase of 16.6%. Acquisitions positively impacted sales by 14.1%, organic sales increased 3.2%, and foreign exchange negatively impacted sales by 0.7%.

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Airgas Organic Sales Up 2% In Q2

October 23, 2013 10:07 am | by Airgas, Inc.

Second quarter sales were $1.28 billion, an increase of 4% over the prior year. Organic sales in the quarter were up 2% over the prior year, with gas and rent up 4% and hardgoods down 2%.                   

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Eurozone Debt Burden Rises Again In Q2

October 23, 2013 10:02 am | by Juergen Baetz and Pan Pylas, Associated Press

The eurozone's debt burden rose further in the second quarter, official figures showed Wednesday, despite years of austerity that one prominent European Union economist says intensified the financial crisis.             

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GE Capital Fleet Services Launches On-site & Mobile Maintenance Support

October 23, 2013 9:59 am | by GE

The new On-site Maintenance program brings highly skilled technicians into existing customer garages to provide on-site fleet maintenance and oversight.                            

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Caterpillar 3Q Earnings Tumble 44%

October 23, 2013 9:53 am | by AP

Caterpillar says its third-quarter earnings plunged 44%, and the construction equipment maker cut its 2013 forecast again, partly because of weaker mining equipment sales.                        

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