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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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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.                                   

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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.                             

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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.                                     

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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.                                  

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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.                                       

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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.                                   

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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.                               

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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.                                   

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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.                                         

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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.                                     

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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.                 

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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.                                           

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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.                                               

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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.                                  

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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.                                         

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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.                                     

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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.                                         

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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.                              

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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.                     

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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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