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Today in Distribution

The complete daily resource for distribution professionals

MRC Global Is Awarded Preferred Supplier Agreement By Williams Companies

October 30, 2013 10:24 am | by MRC Global, Inc.

As a preferred supplier, MRC Global will supply pipe, valves and fittings (PVF) for Williams' projects, maintenance, repair, and operations. The agreement has a five year term with options to extend for successive one year periods.     

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Praxair 3Q Sales Up 9%, CFO Retires

October 30, 2013 10:22 am | by Praxair, Inc.

EVP & CFO Jim Sawyer, will retire on December 31, 2013, after 28 years of service with Praxair. Matt White, currently the president of Praxair Canada, will succeed Sawyer effective January 1, 2014. Sales for the company in the third quarter were $3,013 million, 9% above the prior-year quarter.

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Applied Sales Decrease 1% In 1Q 2014

October 30, 2013 10:11 am | by Applied Industrial Technologies

Commenting on the results, Applied’s President & Chief Executive Officer Neil A. Schrimsher said, “First quarter sales were below our expectations, as weaker industrial demand continued."                 

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EMO Hannover 2013 Explores Trends & Issues In Manufacturing

October 30, 2013 10:08 am | by EMO Hannover

Under the motto of “Intelligence in Production”, solutions were presented at EMO Hannover 2013 that efficiently integrate new information technologies. The focus was on innovations that automate, simplify, or enhance the efficiency of the work sequences involved.

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MSC Sales Up 6.1% In 4Q 2013

October 30, 2013 10:05 am | by MSC Industrial Direct Co., Inc.

Net sales for the fourth quarter of fiscal 2013 were $673.8 million, an increase of 6.1% (12.7% on an average daily sales basis) over net sales of $635.3 million in the fourth quarter of fiscal 2012.          

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PTDA Releases 5th Edition Of The Power Transmission Handbook

October 30, 2013 10:02 am | by PTDA

The fifth edition has been updated to improve clarity and increase comprehension, has been reformatted for ease of reading, and features nearly 400 pages of updated content, new graphics and added application examples.      

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Businesses Boosted Stockpiles 0.3% In August

October 29, 2013 10:45 am | by Martin Crutsinger, AP Economincs Writer

U.S. businesses increased their stockpiles in August, a sign that they expected stronger demand for their products. Stockpiles rose 0.3 percent in August compared with July, when they had risen 0.4 percent, the Commerce Department said Tuesday. 

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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