The 15% increase in U.S. production from 2012 to 2013 was the largest annual percentage increase since 1940. The increase in domestic production supported high refinery utilization rates, reduced U.S. imports of crude oil, and changed domestic and global crude oil and petroleum product trade flows.
Fourth Quarter Summary Jim Pokluda, President, and CEO commented: "The inconsistent market...
Sales increased 3% versus February 2013. Results for the month included 2 percentage points from...
The company intends to issue historical financial results for these four new reporting segments during the second quarter of 2014, sometime after it makes its previously announced first quarter earnings release.
According to Jack Keough, the Kaman Distribution Group is well on its way to becoming of the largest distributors for Parker Hannifin. In addition to B.W. Rogers, Kaman has acquired several Parker distributors in the past few years.
January U.S. manufacturing technology orders totaled $365.06 million. This total, as reported by companies participating in the USMTO program, was down 25.2% from December.
The Labor Department said Friday that employers added 175,000 jobs, up from 129,000 in January. The unemployment rate rose to 6.7 percent from a five-year low of 6.6 percent as more Americans began seeking jobs but many didn't find them.
The U.S. trade deficit widened slightly in January as a rise in imports of oil and other foreign goods offset a solid increase in exports.
Manufacturing production is expected to fare better than the overall economy, with anticipated growth of 3.2% in 2014 and 4.0% in 2015. The 2014 forecast is a slight increase from 3.1% predicted in the December forecast while the 2015 projection is down from 4.1%.
Orders to U.S. factories fell in January for a second straight month, but a key category that signals business investment plans rebounded. That could be an indication that businesses are becoming more confident.
“The impact of extreme weather shows up this month mostly in production, which is down 6.6 and that looks very unusual in view of solid new orders, and a backlog of orders which is growing,” says ISM chair Bradley Holcomb.
Net sales in February of 2014 were $274,524 (Dollar amounts in thousands), up from $254,861 in the same month of 2013. The daily sales were $13,726, up 7.7% from $12,743 in 2013.
For the year ended December 31, 2013, DXP reported a sales increase of $144.4 million, or 13.2% to approximately $1,241.5 million from $1,097.1 million for 2012.
After growing in 2010 and 2011, world machine tool consumption has contracted for two consecutive years. However, based on several leading indicators, world consumption in 2014 should reach approximately $58,300 million, an increase of 6.2%.
According to a recent PwC report, industrial manufacturing (IM) CEOs are more optimistic this year compared to last, but energy costs are still a question mark.
U.S. manufacturing expanded more quickly last month as companies received more orders and boosted their stockpiles. But a measure of production fell to its lowest level in nearly five years, likely a casualty of severe winter weather.
American businesses ordered fewer durable manufactured goods in January, cutting demand for planes, autos and machines. But a key category that reflects business investment rebounded on the strength of demand for electronics and fabricated metals.
Sales for the fiscal year ended December 27, 2013 were $1,598.1 million, a 20.9% increase compared to sales of $1,322.3 million for the fiscal year ended December 28, 2012. On an average organic daily sales basis, sales increased 3.5% for the fiscal year ended December 27, 2013.
Motion Industries, one of the largest industrial distributors in the country, faced a challenging year in 2013 with sales dropping slightly in each of the first three quarters. However, sales increased 3% in the final quarter, encouraging company executives to be optimistic for 2014.
Accompanying the research results are recommendations for how independent resellers can better understand, segment, and capture key customer segments, including the female buyer.
The company has acquired Bäumer Betriebshygiene Vertriebsgesellschaft mbH and its related company Protemo GmbH in Germany. Bunzl has also purchased Oskar Plast sro., based in Prague. The company also reported a 14% revenue increase for 2013.
The hub is the latest in the Obama administration’s National Network of Manufacturing Innovation (NNMI), and it’s expected to bring 10,000 jobs to the region within the next five years.
For the full year, Barnes Group generated net sales of $1,092 million, up 18% from last year; organic sales growth was 4%. Income from continuing operations was $72.3 million, or $1.31 per diluted share, compared to $79.8 million, or $1.44 per diluted share in 2012.
Andrew R. Lane, MRC Global's chairman, president and chief executive officer, stated, "While 2013 didn't result in the growth we had initially expected, we completed our strategic rebalance of OCTG which resulted in a $251 million drop in annual revenue compared to 2012 but accomplished our goal of reducing our exposure to our most volatile, lowest margin product line."
The ISA Manufacturer Index rose from 58.9% in December to 62.0% in January, while the Distributor Index increased from 55.2% in December to 66.4% in January.
A new study by UC Berkeley and Massachusetts Institute of Technology researchers finds that the practices of outsourcing and offshoring jobs appear to have both positive and negative effects on American jobs and wages.
Sales from continuing operations for the quarter ended January 31, 2014 were up 6.8% to $291.2 million compared to $272.7 million in the second quarter of fiscal 2013. Organic sales were down 1.1%. The acquisition of Precision Dynamics Corporation added 8.5% to sales.
Michael DeCata, president and chief executive officer, commented, “The fourth quarter results reflect our continued progress to improve our operations and add to our sales force. Our previous investments and focus on cost controls now provide a platform for future growth."
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