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The Lead

2013 Big 50 List

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

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.

United Stationers 1Q Sales Up 0.3%

April 24, 2014 9:55 am | by United Stationers | News | Comments

Sales were $1.254 billion, up 0.3%. Sales in janitorial and breakroom supplies rose 2.3% to $332...

Lawson 1Q Sales Up 3%; Company Adds 30 Sales Reps

April 24, 2014 9:25 am | by Lawson Products, Inc. | News | Comments

Michael DeCata, president and CEO, commented: “We continued to make progress this quarter as...

HWCC Expands Baton Rouge Facility

April 22, 2014 10:50 am | by Houston Wire & Cable Company | News | Comments

Houston Wire & Cable Company announced that it has expanded its Baton Rouge electrical wire...

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Motion Sales Up 4% In 1Q

April 22, 2014 10:17 am | by General Parts Company/Motion Industries | News | Comments

CEO Gallagher stated, "Automotive sales remained the strongest among our segments, up 23% and driven by a 17% contribution from the GPC Asia Pacific acquisition and underline growth of approximately 7%. Sales at Motion Industries, our Industrial Group, were up 4% and include 3% from acquisitions less a 1% translation effect."

Schlumberger 1Q Results Are Mixed; Severe Weather Affected Operations

April 21, 2014 10:57 am | by Schlumberger | News | Comments

Schlumberger CEO Paal Kibsgaard commented, “Growing new technology sales and expanding integration activity drove our first-quarter results despite the severe winter weather that impacted operations in Russia, China, and North America."   

Watsco Achieves Record 1Q Results, Revenues Up 7%

April 17, 2014 9:44 am | by Watsco, Inc. | News | Comments

Albert H. Nahmad, Watsco’s President & CEO stated: “Watsco delivered another solid quarter of performance driven by sales growth, higher selling margins and improved operating efficiencies ... We are off to a strong start and believe 2014 will be a record year for our company.”

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Fastenal Founders Bob Kierlin, Steve Slaggie To Retire From Board of Directors

April 17, 2014 9:42 am | by Fastenal Company | News | Comments

Although both will remain part of the 'Fastenal family' as mentors, advisors, and friends, their retirement marks the end of their official roles with the organization they helped build from a small-town fastener shop into a multibillion-dollar global business.

Bunzl Announces Sales Data, Acquisitions In Chile; The U.S.; New Zealand

April 16, 2014 9:53 am | by Bunzl plc | News | Comments

Overall trading has been consistent with expectations at the time of the annual results announcement in February. Acquisition growth continues to be a key part of the company’s strategy and Bunzl announced that it has completed three further acquisitions in Chile, the US and New Zealand.

Grainger 1Q Sales Up 5%

April 16, 2014 9:48 am | by W.W. Grainger, Inc. | News | Comments

Sales of $2.4 billion increased 5% versus $2.3 billion in the first quarter of 2013. Net earnings for the quarter increased 2% to $217 million versus $212 million in 2013. Earnings per share of $3.07 increased 4% versus $2.94 in 2013.    

MSC Sees Improvement In Manufacturing, Government Sales

April 16, 2014 9:36 am | by Jack Keough, Contributing Editor | Blogs | Comments

Jack Keough weighs in on MSC Industrial Direct's second quarter earnings, including MSC's President and CEO Erik Gershwind's comments to financial analysts that manufacturing, particularly the metalworking sector, has “improved considerably” from what had been occurring during the past 18 months.

Hisco's Documented Cost Savings Program Hits $100M In Customer Savings

April 14, 2014 10:40 am | by Hisco | News | Comments

Hisco and its customers achieve cost savings in a number of ways, including changes to the manufacturing process, product handling optimization, logistics efficiencies, pricing efficiencies, and stocking planning.         

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Dräger & United Central Industrial Supply Launch Partnership In Mining Industry

April 14, 2014 9:43 am | by Dräger & United Central Industrial Supply | News | Comments

This partnership is designed to enhance customer field support by combining Draeger’s portfolio with United Central’s comprehensive sales and support network.                  

Fastenal Sales Rise 8.7% In Q1

April 11, 2014 10:50 am | by Fastenal Company | News | Comments

"With expanded investment, comes expanded expectations - in July 2013 we grew average daily sales over the same month in the preceding year in the low single digits, in March 2014 we grew average daily sales over the same month in the preceding year by 11.6%," says Will Oberton, CEO.

Valin Launches Mobile Technology Vehicle Tour

April 11, 2014 10:41 am | News | Comments

The truck will travel across the Western United States to demonstrate Valin’s value add supply partner capabilities. In addition, this year’s MTV is fit with some key upgrades that will better communicate Valin’s capabilities as a full service, technical solutions provider.

Barnes Acquisition Helps Boost MSC 2Q Sales 16.2%

April 10, 2014 10:23 am | by MSC Industrial Direct Co., Inc. | News | Comments

Net sales for the fiscal second quarter 2014 were $661.5 million, an increase of 16.2% over net sales of $569.5 million in the same quarter a year ago. The acquired Barnes Distribution North America business contributed $69.8 million to net sales in the fiscal second quarter 2014.

NOV Announces Appointment Of New Director & Spin Update

April 9, 2014 10:33 am | by National Oilwell Varco, Inc. | News | Comments

With the appointment of Ms. Donadio, National Oilwell Varco’s board is now comprised of ten directors, eight of whom are external and independent. The company also anticipates the distribution spinoff to be completed in the second quarter.    

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Bossard Sees American Sales Decline, European Performance Up

April 8, 2014 5:38 pm | by Bossard | News | Comments

In Europe, the positive trend in demand has continued, extending from the second half of 2013 into the new year. Sales increased in local currency by 8.4%, with Bossard reporting growth in virtually all of the company's sales regions.  

F.W. Webb Recognized By Rayovac For Outpacing Competitors

April 8, 2014 10:15 am | by Rayovac | News | Comments

During the most recent quarter, FW Webb has seen tremendous growth in Rayovac product sales with specific focus on the Virtually Indestructible Industrial Grade lights and by employing central distribution techniques.          

Grainger Offers Scholarships For Public Safety Programs

April 8, 2014 9:40 am | by W.W. Grainger, Inc. | News | Comments

Public safety is one of the fastest growing fields of study at community colleges. According to a 2013 report by the National Center for Education Statistics, the number of students choosing homeland security, law enforcement, or fire safety programs increased 174 percent between 2000 and 2011.

Kaman Announces $52.4 Million In Joint Programmable Fuze Orders

April 2, 2014 4:45 pm | by Kaman Corp. | News | Comments

Kaman Corporation announced that its Aerospace segment has been awarded two orders for the sale of Joint Programmable Fuzes (JPF) totaling $52.4 million.                 

Sonepar Canada Acquires MGM Electric Ltd.

April 2, 2014 12:43 pm | by Sonepar Canada | News | Comments

MGM Electric has been in business for over 25 years, becoming a leading full line electrical supply and lighting wholesaler in Thunder Bay and North Western Ontario.              

HD Supply Expands With A Combined Waterworks & White Cap Facility

March 27, 2014 1:49 pm | by HD Supply | News | Comments

The new location, with a one-acre yard, will serve HD Supply Waterworks' contractor, municipality and utility customers in addition to HD Supply White Cap's industrial, commercial and residential customers by warehousing and distributing both companies' products.

Ferguson Reports Revenue Growth Of 8%

March 26, 2014 5:19 pm | by Ferguson | News | Comments

Ferguson’s revenue grew 8% overall and 6.2% ahead of last year on a like-for-like (or same store growth) basis. Trading profit was also ahead by 15.2% compared to last year and trading margin was 7.5%, up from 7.0% for the same period last year.

WinWholesale Opens New Regional Distribution Center In Colorado

March 26, 2014 5:15 pm | by WinWholesale, Inc. | News | Comments

“We’re very excited about the new distribution center in Colorado. It gives us the opportunity to help our locations in the West grow their businesses by adding more product lines and in greater quantities than the former facility allowed,” said Paul Donarum, vice president, WinWholesale Sourcing Services.

HD Supply Sales Rise 9.4% For Fiscal 2013

March 26, 2014 10:03 am | by HD Supply | News | Comments

“I am very pleased with our 2013 performance,” stated Joe DeAngelo, CEO of HD Supply. “We delivered 9 percent sales growth and 21 percent Adjusted EBITDA growth, as adjusted for unusual items, despite a challenging and uncertain market environment."

Airgas Names New President Of Airgas USA, LLC

March 26, 2014 9:46 am | by Airgas, Inc. | News | Comments

Andrew Cichocki, a member of Airgas' Management Committee, will lead all aspects of Airgas USA, LLC - sales, operational, organizational, and financial - and will continue to report to Airgas President and Chief Executive Officer Michael L. Molinini. 

HD Supply Waterworks Expands National Footprint With ME Facility

March 25, 2014 9:46 am | by HD Supply Waterworks | News | Comments

This is the company’s first physical location in the state, adding to its nationwide presence of more than 240 branches.                       

Motion Industries Announces Two Group Leaders

March 24, 2014 3:08 pm | by Motion Industries | News | Comments

“These changes in our field organization will further position us for growth in 2014,” said Breen. “Richard and Austin are both experienced leaders, and have done a great job for the company over the years.”        

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