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Grainger Q2 Sales Up, Net Profit Down

July 17, 2014 | by PRNewswire | Comments

Grainger has reported results for the 2014 second quarter which ended June 30, 2014.                            

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Today in Distribution

The complete daily resource for distribution professionals

2013 Big 50 List

September 1, 2014 2:46 pm | by Industrial Distribution Staff

The Big 50 list highlights a group of companies who are aggressive and progressive. This year's list shows a significant amount of revenue growth, more than typical amounts of consolidation, and even a notably absent name (Barnes Distribution, now a part of MSC). It’s a tough marketplace, and the strong survive and thrive. If anything in these pages inspires confidence, we hope it’s the leadership of an industry that refuses to slow down.

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Obama Wants Limits on U.S. Company Mergers Abroad

July 24, 2014 9:53 am | by The Associated Press

President Barack Obama is tapping into growing misgivings about tax-driven overseas mergers by U.S. corporations, issuing a new call to end the practice quickly and questioning the patriotism and citizenship of those companies.    

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WESCO International Achieves Record Quarterly Sales

July 24, 2014 9:45 am | by PR Newswire

Wesco's net sales increased 5.9% over the same period last year, with organic sales up 6% and acquisitions positively impacting sales by 1.6%.                  

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Logistics Announces New Craftsman Partnership

July 24, 2014 9:37 am | by Logistics Corporation

Logistics Corporation announced that it will extend its line of tool and tool storage products to include the exclusive Craftsman Industrial line.                 

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Sealed Air HQ to Move to Charlotte

July 24, 2014 9:31 am | by The Associated Press

The maker of Bubble Wrap protective cushioning, food packaging and cleaning products will move all or part of its operations into a new headquarters complex in the Charlotte area.               

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3M 2Q Profit Rises 6 Percent

July 24, 2014 9:25 am | by The Associated Press

3M's second-quarter profit jumped 6 percent as sales surged across all its businesses.                           

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Peerless Industrial Sold to KITO Americas

July 24, 2014 9:18 am | by Industrial Distribution Staff

KITO Corporation said it acquired Peerless’ shares for approximately $80 million, including an estimated $3 million advisory fee.                    

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Airgas Reports Latest Earnings

July 24, 2014 9:05 am | by Airgas, Inc.

Airgas has reported its FY 2015 Q1 results, yielding a 3% sales increase over the prior year's quarter. In the distribution segment, organic sales were up 2% over the prior year.           

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Could The U.S. Dip Back Into Recession?

July 23, 2014 10:50 am | by Bernard Condon, AP Business Writer

Sluggish growth in France, Italy, Russia, Brazil and China suggests that the old truism, "When the U.S. sneezes, the rest of the world catches a cold," may need to be flipped.             

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ABB Delivers Strong Order Growth And Cash In Q2

July 23, 2014 10:44 am | by ABB

ABB has reported strong order growth, stable revenues and a significant increase in cash from operations for the second quarter of 2014.                   

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Praxair Reports Q2 2014 Results

July 23, 2014 10:17 am | by Praxair

Praxair, Inc. reported second-quarter net income of $467 million and diluted earnings per share of $1.58, 5 percent and 6 percent above the prior-year quarter, respectively.             

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Judge Tosses Wisconsin Senator's Healthcare Suit

July 22, 2014 11:03 am | by M.L. Johnson, Associated Press

A federal judge on Monday dismissed a U.S. senator's lawsuit challenging a requirement that congressional members and their staffs to obtain government-subsidized health insurance through small business exchanges, saying the senator had no grounds to sue.

U.S. Home Construction Drops 9.3 Percent In June

July 22, 2014 10:57 am | by Martin Crutsinger, AP Economics Writer

U.S. home construction fell in June to the slowest pace in nine months, a setback to hopes that housing is regaining momentum and will boost economic growth this year.              

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Detroit Big Three, Tier 1 Suppliers Join Together For Summit

July 22, 2014 10:49 am | by Michigan Economic Development Corporation

Chrysler Group LLC, Ford Motor Company, General Motors and 43 of their Tier 1 partners joined forces with Pure Michigan Business Connect to host the first Detroit Three supplier summit.           

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Snap-on Appoints New Member To Board Of Directors

July 22, 2014 10:41 am | by Business Wire

Snap-on Incorporated has announced that its board of directors has appointed Ruth Ann M. Gillis as a director.                        

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Ingersoll Rand Reports Second-Quarter EPS

July 22, 2014 10:36 am | by Business Wire

Ingersoll-Rand plc has reported diluted earnings per share (EPS) from continuing operations of $1.13 for the second quarter of 2014.                    

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Globally, 3 In 10 Consumers Don’t Trust Retailers With Securing Their Data

July 22, 2014 10:30 am | by Business Wire

A global fraud study of more than 6,100 consumers across 20 countries revealed distrust among global consumers in retailers to protect their data.                  

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Natural Gas Falls To An 8-Month Low

July 22, 2014 10:25 am | by The Associated Press

Natural gas fell to its lowest level in eight months Monday following forecasts that nationwide summer temperatures are expected to be milder than normal.                

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Facebook Testing 'Buy' Button

July 21, 2014 10:58 am | by The Associated Press

The company said in a statement last week that the button will let people buy products directly from businesses without leaving Facebook.                  

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Russia's Severstal Selling U.S. Steel Plants

July 21, 2014 10:52 am | by The Associated Press

Russian steel company Severstal is exiting the U.S. market by selling two plants to AK Steel and Steel Dynamics for a combined $2.33 billion.                  

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