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The Lead

Metalforming Companies Anticipate Steady Business In Coming Three Months

April 22, 2014 5:11 pm | by Precision Metalforming Association | News | Comments

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).

Transport & Logistics Company Werner Enterprises Revenue Remains Flat In 1Q

April 22, 2014 10:48 am | by Werner Enterprises, Inc. | News | Comments

While first quarter 2014 freight demand showed the strongest first...

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...

Higher Costs Pressured Businesses In 1Q

April 21, 2014 11:09 am | by The Associated Press | News | Comments

During the first quarter of the year, 31% of businesses surveyed reported higher material costs...

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Gauge Of U.S. Economy Up For 3rd Straight Month

April 21, 2014 11:04 am | by Josh Boak, AP Economics Writer | News | Comments

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 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."   

PPG Net Sales Up 17% In 1Q

April 21, 2014 10:41 am | by PPG | News | Comments

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.             

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Tennant Company 1Q Sales Rise 9.5%

April 21, 2014 10:30 am | by Tennant Company | News | Comments

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."    

Unemployment Rates Fall In 21 States

April 21, 2014 10:28 am | by Josh Boak, AP Economics Writer | News | Comments

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.              

Internet Retailer Amazon To Start Collecting Taxes In FL

April 18, 2014 10:08 am | by The Associated Press | News | Comments

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.

Snap-on 1Q Sales Up 6.2%

April 18, 2014 10:04 am | by Snap-on Industrial | News | Comments

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%.             

PwC: Manufacturer Optimism On Domestic Outlook Rises To Highest Level In Eight Years

April 18, 2014 9:47 am | by PwC | News | Comments

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.

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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.”

ISA Members Are In Growth Mode

April 17, 2014 9:38 am | by Industrial Supply Association | News | Comments

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.        

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.

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SKF 1Q Sales Rise 10.4%

April 15, 2014 1:20 pm | by SKF | News | Comments

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.         

Manufacturing Technology Orders Down in February

April 15, 2014 10:10 am | by AMT - The Association For Manufacturing Technology | News | Comments

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.

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.

U.S. Cutting Tool Consumption Down 1.2% In February

April 11, 2014 10:29 am | by AMT & USCTI | News | Comments

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.              

Oshkosh Corp. Laying Off 760 From Defense Division

April 11, 2014 10:24 am | by Dinesh Ramde, Associated Press | News | Comments

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.              

Bill To Spur Manufacturing Innovation Clears Senate Committee

April 10, 2014 10:57 am | by The Office of Senator Coons | News | Comments

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.

Wholesale Stockpiles Up 0.5% In February

April 10, 2014 10:47 am | by Martin Crutsinger, AP Economics Writer | News | Comments

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.          

MMI Releases Manufacturing Trends For 2014-2015

April 10, 2014 10:29 am | by Michigan Manufacturing International | News | Comments

Jacob Prak, CEO of Michigan Manufacturing International (MMI), provides an overview of manufacturing trends for the coming twelve months.                    

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.

Employers Advertise More Jobs In February

April 9, 2014 10:16 am | by The Associated Press | News | Comments

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.               

IMF: World Economy Is Stronger But Faces Threats

April 9, 2014 10:13 am | by Christopher S. Rugaber, AP Economics Writer | News | Comments

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.            

America's Infrastructure Problems, Part 2: Why We Should Invest

April 9, 2014 10:09 am | by Mike Collins, Saving American Manufacturing | Blogs | Comments

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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