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.
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.
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.”
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.
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.
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.
“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.”
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.