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Grainger Q4 Profit Down, Cuts 2015 Outlook

January 26, 2015 | by Mike Hockett, Associate Editor | Comments

Citing weakening Canadian and Japanese currencies and broader economic softness in Canada, the company lowered its 2015 outlook after a disappointing Q4.                           

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Today in Distribution

The complete daily resource for distribution professionals

NAED Names Incoming Western Region VP-Elect

January 27, 2015 4:14 pm | by NAED

Leibold will serve on the NAED Board of Directors, and help lead the region’s conferences, council meetings, and other events.                                   


Healthy Industrial Sales Boost Graco's Q4, Year-End Profits

January 27, 2015 3:16 pm | by Mike Hockett, Associate Editor

Sales increased across all Graco's reportable segments and regions, though the company noted movement foreign currencies could hamper earnings in 2015.                             


Walter Surface Tech. Appoints New Walter Mexico GM

January 27, 2015 2:53 pm | by Walter Surface Technologies

Pablo Rivero Torres will have general management responsibility for sales, marketing, operations and services in Mexico.                                     


Illinois Tool Works Reports Q4, 2014 Sales Figures

January 27, 2015 12:17 pm | by Mike Hockett, Associate Editor

ITW said foreign currency pressures weighed on its sales in the most recent quarter, although its profit spiked as costs went down.                                  


3M Achieves Record Q4, Full-Year Sales

January 27, 2015 10:26 am | by Mike Hockett, Associate Editor

The company's 2014 net income nearly hit $5 billion, while its Industrial segment saw a modest Q4 sales increase.                                       


Atlas Machine & Supply, Z Technique Partner To Provide Non-OEM Parts

January 27, 2015 10:01 am | by Atlas Machine & Supply

The collaboration establishes Atlas Machine & Supply as Z Technique's Master Distributor for all non-OEM parts and products.                                   


The Highest And Lowest Unemployment Rates Across The U.S.

January 26, 2015 1:59 pm | by Andrew Szal, Digital Reporter, Industrial Distribution

Northern college towns and in cities in close proximity to the country's shale oil boom are fairing best when it comes to national unemployment.                               


Hexcel Reports Double-Digit 2014 Sales Growth

January 26, 2015 1:38 pm | by Mike Hockett, Associate Editor

The high-performance structural materials developer ended the year with record sales, operating income and margin, and net income.                                   


HARDI Distributors Report 9.4 Percent Revenue Increase In November

January 26, 2015 11:25 am | by HARDI

HARDI's senior economists noted low fuel prices has enabled customers to spend more on home improvements.                                         


Hydradyne Names New President

January 26, 2015 10:32 am | by Hydradyne

David Parks, a 34-year Hydradyne employee with 36 years of experience in fluid power, takes over leadership of the company.                                     


ID's Top 5 Of The Week

January 22, 2015 4:32 pm | by Mike Hockett, Associate Editor

While merger & acquisition activity involving Big 50 companies headlined the previous two weeks, this week it was a wealth of thought leadership content that dominated our top items.                 


Praxair Awarded NASA Supplier Contract

January 22, 2015 12:11 pm | by Praxair

Projected as a $53 million contract over five years, Praxair will supply hydrogen to four NASA sites.                                           


ISA Index Ends Year On Strong Note

January 22, 2015 10:37 am | by Industrial Supply Association

The ISA Distributor Index rose three points, indicating continued expansion to end 2014.                                               


Johnson Controls Reports Q1 Sales, Partners With Hitachi, Plans New HQ

January 22, 2015 10:08 am | by Mike Hockett, Associate Editor

Along with healthy sales growth, a report is out that the company plans to build a new 50-story headquarters in downtown Milwaukee.                                  


Avnet Q2 Earnings Beat Forecasts

January 22, 2015 9:31 am | by Mike Hockett, Associate Editor

Strong growth in Asia powered Avnet's revenue increase, especially in its Electronics Marketing segment.                                         


Parker Hannifin Elects New CEO, President

January 21, 2015 5:02 pm | by Mike Hockett, Associate Editor

Thomas Williams and Lee Banks, both company operating officers since 2006, move into executive roles effective Feb. 1.                                     


Sonepar Adds Italy's Gruppo Matel Spa

January 21, 2015 12:27 pm | by Mike Hockett, Associate Editor

The acquisition of the electrical supplier will give Sonepar better coverage of Italy's Northeast region.                                         


U.S. Home Construction Up In December

January 21, 2015 11:22 am | by Martin Crutsinger, AP Economics Writer

Housing construction topping the 1-million mark for the first time since 2005 adds to signs that the world's largest economy is on solid footing.                              


Obama Calls for Additional Regulation, Investment In SOTU

January 21, 2015 11:01 am | by Andy Szal, Digital Reporter, Industrial Distribution

The President's address included calls to action on paid sick leave, equal pay for women, lowering taxes on the middle class, and a plan to make community colleges tuition-free.                     


CRP Industrial Names Supply Partner For Industrial Distributor Co-op

January 21, 2015 9:58 am | by Mike Hockett, Associate Editor

CRP Industrial will provide IDCO members with a full-line of Reinflex brand high-pressure thermoplastic hoses, and Tudertechnica brand specialty fluid transfer hoses.                        



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