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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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Air Products Profits Up Despite Need for 'Culture Change'

July 25, 2014 10:28 am | by Industrial Distribution Staff

New CEO Seifi Ghasemi says he will continue to address areas like simplicity, speed of execution, and empowerment as he moves the company forward.                 

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IMF Cuts Forecast for U.S. Economic Growth

July 25, 2014 10:14 am | by The Associated Press

The IMF projects growth will be just 1.7 percent this year, down from a 2 percent estimate in June. That would make 2014 the weakest year since the recession ended in June 2009.            

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Lawson Products Net Sales Up 5.5%

July 25, 2014 10:01 am | by The Associated Press

CEO Michael DeCata attributes some of the upward trend to initiatives to invest in and grow the company's salesforce.                      

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House Committee Clears Way For Obama Lawsuit Vote

July 25, 2014 9:47 am | by The Associated Press

Republicans say the lawsuit is necessary because Obama is exceeding his authority as president by failing to carry out legislation that Congress passed and he signed into law.             

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Stanley Black & Decker Announces Q2

July 25, 2014 9:34 am | by Business Wire

Company CEO John F. Lungren said the strong results are even more notable due to the company overcoming headwinds relating to currency, and a continued volatile environment in emerging markets.         

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Layoffs Becoming Rare Across U.S. Job Market

July 25, 2014 9:20 am | by The Associated Press

The steadily declining level of layoffs suggests that employers may have to hire even more aggressively and raise pay if they want to expand their businesses.               

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Rexel Appoints New CEO

July 25, 2014 9:12 am | by Rexel North America

Brian McNally spent over 30 years with Arrow Electronics before joining Rexel in the newly created position of EVP and CEO of Rexel North America.                

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Grainger Breaks Ground on Branch to Service Bakken Oil Fields

July 25, 2014 9:03 am | by Grainger

Grainger's new branch, located in Dickinson, ND, will provide a wide range of inventory specifically tailored to businesses operating in the Bakken oil fields.               

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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.

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