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.
Sales were $1.254 billion, up 0.3%. Sales in janitorial and breakroom supplies rose 2.3% to $332...
Michael DeCata, president and CEO, commented: “We continued to make progress this quarter as...
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 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."
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.”
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.
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.
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.
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 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.
This partnership is designed to enhance customer field support by combining Draeger’s portfolio with United Central’s comprehensive sales and support network.
"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.
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.
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.
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.
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.
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.
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 Corporation announced that its Aerospace segment has been awarded two orders for the sale of Joint Programmable Fuzes (JPF) totaling $52.4 million.
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.
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’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.
“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.
“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."
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.
This is the company’s first physical location in the state, adding to its nationwide presence of more than 240 branches.
“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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