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.
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.
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."
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.
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.
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.
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.
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.