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SKF Slashes Jobs Though Profit Skyrockets

January 30, 2015 | by Mike Hockett, Associate Editor | Comments

Less than a month into new CEO Alrik Danielson's tenure at the company, SKF is trimming down despite a nearly five-fold profit increase in 2014.                               

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Sonepar Adds Belgium Distributor Vanas Beyond Tools

January 30, 2015 2:38 pm | by Mike Hockett, Associate Editor

Sonepar says the acquisition reflects Dutch subsidiary Cebeo's strategy to develop its close-to-core business.                                        

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NAW Elects 2015 Officers

January 30, 2015 12:59 pm | by Mike Hockett, Associate Editor

The association elected a new chairman of the board, along with nine new board members.                                               

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Ingersoll-Rand Q4 Sales, Profit Soar

January 30, 2015 9:58 am | by Mike Hockett, Associate Editor

Ingersoll Rand's Q4 net earnings more than quadrupled, helped by a drastic reduction in restructuring costs.                                         

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Timken Q4 Profits Jump

January 29, 2015 11:20 am | by Mike Hockett, Associate Editor

Growth in the company's Process Industries segment drove growth, offset by planned program exits in its Mobile Industries segment.                                   

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Kennametal Posts Q2 Loss, Slashes Outlook

January 29, 2015 10:41 am | by Mike Hockett, Associate Editor

Quarterly revenues missed Wall Street expectations by 4.1 percent as the company noted a restructuring initiative.                                       

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WESCO Reports Record Growth, Eyes Expansion

January 29, 2015 10:12 am | by Mike Hockett, Associate Editor

In Q4, the company had its highest quarter growth rate since Q2 2012, and CEO John Engel touched on WESCO's commitment to expand in 2015.                                 

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Alibaba Q4 Sales Rise, Profits Fall Amid Counterfeit Allegations

January 29, 2015 9:45 am | by Mike Hockett, Associate Editor

Lower than expected holiday sales dragged down quarterly profit, while the e-tailer faces accusations of illegal activity on its websites.                                

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Applied Industrial Reports Big Q2 Sales Gain

January 29, 2015 9:18 am | by Mike Hockett, Associate Editor

Acquisition volume helped Applied's sales growth nearly reach 20 percent, while the company noted low oil prices has created challenges.                                 

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NAED Education & Research Foundation Expands Educational Offering

January 28, 2015 1:51 pm | by NAED

Two new online courses teach how to grow staff expertise, and increase customer profitability.                                             

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Airmaster Names New VP Of Sales & Marketing

January 28, 2015 12:39 pm | by Airmaster

Ed Laabs brings more than 29 years of national industrial leadership experience into the role.                                             

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Agreement Made On Key Issue In Port Labor Dispute

January 28, 2015 10:32 am | by Andrew Szal, Digital Reporter, Industrial Distribution

The new agreement addresses who maintains and repairs the truck beds used to haul containers of cargo from dockside yards to distribution warehouses.                             

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Praxair Q4 Sales, Profit Down

January 28, 2015 10:13 am | by Mike Hockett, Associate Editor

Venezuela currency deflation had a large negative impact on Q4 net profit, while North American sales had a modest increase.                                    

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ABC Supply Signs Distribution Partnership With AVM Industries

January 28, 2015 9:30 am | by Mike Hockett, Associate Editor

ABC Supply will distribute AVM products throughout their West Coast locations.                                                 

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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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Atlas Copco Ranked Top Sustainable Machinery Company

January 27, 2015 4:03 pm | by Atlas Copco

Appearing on annual Global 100 list for the ninth time, Atlas Copco's ranking is up 23 spots from last year overall, and is No. 1 in the machinery industry.                           

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Graco's Healthy Industrial Sales Boost 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 in 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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