The company's reported revenues increased by 3% to $2,723 million, compared with revenues of $2,639 million for the 2013 first quarter. Total U.S. revenues were up 3% compared to 2013, and revenues from international operations also increased 3% (up 4% excluding currency).
Sales decreased 4.7% to $685.1 million in the first quarter 2014 versus $718.6 million in the comparable 2013 period. This decrease reflects the benefit from acquisitions, which was offset by lower volumes and unfavorable foreign exchange translation.
Total revenues grew 4% to $3.6 billion and operating income increased 16% to $667 million. Organic revenues increased 3.3%, with international growing 6.3% and North America increasing 1.0%.
Driven by U.S. shale competition and changing feedstock mix, investments in technology and integration will help the chemical industry in the Middle East diversify, maintain growth, and expand job creation, says IHS.
Sales in the first quarter were $3,026 million, 5% above the prior-year quarter, and up 9%, excluding foreign currency. Organic sales grew 6% driven by higher on-site volumes from new project start-ups primarily in North America and Asia.
All risk-relevant information about suppliers, locations, and supply chains from the riskmethods “Supply Risk Network” will now be channeled into POOL4TOOL’s “All-in-One Supplier Collaboration” platform.
Maureen Barsema, vice president, Business Administration, Buffalo Grove, IL-based City Revere Electric Supply, will become the 2014-2015 NAED chair at the conclusion of the National Meeting held April 26-29 in San Francisco.
This initiative follows Eyefreight’s recent North American expansion, setting up U.S. headquarters in Evanston, IL for one of the fastest growing TMS providers in Europe.
GM said Tuesday that the new investigators will more than double the size of its current team, to 55. The company is also dividing its global engineering operations and placing a greater emphasis on whole vehicles, and their safety, instead of on individual parts.
The April report shows that 36% of participants predict that economic activity will improve during the next three months (compared to 38% in March), 58% expect that activity will remain unchanged (up from 54% last month), and 6% believe that economic activity will decline (down from 8% in March).
In North America, Pregis operates 14 facilities producing a variety of protective packaging products and value added system solutions. Pregis partners with industrial and packaging distributors, fabricators, and specialty suppliers to deliver customer-driven solutions to a wide variety of end use markets.
The awards were created to recognize the top distributors and manufacturers based on multiple criteria. Distributors and manufacturers were first divided into three tiers based on size. Within each tier, the distributors and manufacturers were then ranked based on a number of criteria including: contribution to the group, growth, participation, and member and supplier input.
Houston Wire & Cable Company announced that it has expanded its Baton Rouge electrical wire and cable distribution center. Doubling the size of the facility will allow HWCC to better support the needs of customers in the gulf coast region.
While first quarter 2014 freight demand showed the strongest first quarter performance in 10 years, several factors - including fluctuating fuel prices and severe weather - contributed to a somewhat unstable marketpace in the first quarter.
Empire Level is a designer and producer of levels, squares, layout tools, and caution tape in the United States with dominant market share in the retail, contractor supply, and ''Do-It-Yourself'' markets.
President Barack Obama's administration on Monday sided with American steel producers in a politically charged international trade dispute, ruling that imported steel reinforcing bar from Mexico and Turkey unfairly undercuts U.S. prices.
It has been a year since a fire caused a huge explosion at a Texas fertilizer plant that killed 15 people, yet companies in the state can still store hazardous chemicals in flammable wooden containers in buildings without sprinklers.
Fiat and Chrysler announced plans Saturday to build three new Jeep models in China for that market, the biggest for the vehicles outside the United States, as they attempt to boost sales in a country where they lag behind their competitors.
CEO Gallagher stated, "Automotive sales remained the strongest among our segments, up 23% and driven by a 17% contribution from the GPC Asia Pacific acquisition and underline growth of approximately 7%. Sales at Motion Industries, our Industrial Group, were up 4% and include 3% from acquisitions less a 1% translation effect."