The April report shows that 36% of participants predict that economic activity will improve during the next three months (compared to 38% in March), 58% expect that activity will remain unchanged (up from 54% last month), and 6% believe that economic activity will decline (down from 8% in March).
While first quarter 2014 freight demand showed the strongest first...
CEO Gallagher stated, "Automotive sales remained the strongest among our segments, up 23% and...
The Conference Board said Monday that its index of leading indicators increased 0.8% in March after a 0.5% rise in February and modest 0.2% gain in January. It was the best showing since a 0.9% gain in November.
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."
As of the first quarter 2014, PPG has adopted a new reportable-segment structure. The three reportable segments and respective businesses for each will be performance coatings, industrial coatings, and glass.
Commented Chris Killingstad, Tennant Company's president and chief executive officer: “We are pleased to report record revenues for the first quarter and double-digit organic growth, with higher sales across all of our geographies."
More than two-thirds of the states reported job gains in March, as hiring has improved for much of the country during what has been a sluggish but sustained 4 1/2-year recovery.
Currently, Floridians are supposed to pay taxes for online purchases, but there's no way to enforce the law. The state can't force companies like Amazon to collect the tax unless it has a physical presence, such as a warehouse or store.
Sales of $787.5 million increased $45.8 million, or 6.2%, from 2013 levels; excluding $15.2 million of acquisition-related sales and $5.9 million of unfavorable foreign currency translation, organic sales increased 5.0%.
The positive sentiment about the prospects of U.S. commerce in the next 12 months reached the highest level since the fourth quarter of 2005. Conversely, optimism regarding the prospects of the world economy lessened during the first quarter as U.S. industrial manufacturers remained cautious on the global stage.
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.”
The ISA Manufacturer Index rose from 63.2% in February to 66.0% in March, while the Distributor Index increased from 59.2% in February to 65.0% this month. The Indexes have been above 50% since December 2012.
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.
The company's sales in the first quarter in local currencies increased by 4.4% in Europe, by 2.9% in North America, by 4.1% in Latin America, by 10.6% in Asia and by 21.4% in Middle East and Africa.
February U.S. manufacturing technology orders totaled $354.40 million according to AMT - The Association For Manufacturing Technology. This was down 6.6% from January and down 6.2% when compared with the total of $377.82 million reported for February 2013.
"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.
This total, as reported by companies participating in the Cutting Tool Market Report (CTMR) collaboration, was down 1.2% from January’s total and down 6.8% from February 2013.
About 700 hourly positions will be cut beginning in June, and 60 salaried positions will be eliminated starting in July, the Wisconsin-based company said. Oshkosh Defense will be left with about 1,850 employees.
The bipartisan Revitalize American Manufacturing and Innovation Act of 2013 would establish specialized manufacturing innovation ‘hubs’ around the country, creating thousands of high-paying, high-tech manufacturing jobs while enhancing the United States’ role as the world’s leader in advanced manufacturing.
U.S. wholesale businesses increased their stockpiles for an eighth consecutive month in February as their sales rose at the fastest clip since November, good signs for future economic growth.
Jacob Prak, CEO of Michigan Manufacturing International (MMI), provides an overview of manufacturing trends for the coming twelve months.
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.
The Labor Department said Tuesday that employers advertised 4.2 million job openings, up 7.7 % from January. That's the highest number of postings since January 2008.
The lending organization expects the global economy to grow 3.6% this year and 3.9% in 2015, up from 3% last year. Those figures are one-tenth of a percentage point below the IMF's previous forecasts in January.
The infrastructure problems are increasing business costs and it will only get worse. Whether it is missing a delivery promise because of a freeway jam, losing water pressure in a food plant, loss of electricity during a blackout, or being fined by a government agency, infrastructure problems will continue to increase business costs and make business less competitive.
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