Earnings | Industrial Distribution

MSC Quarterly Sales Still Down Slightly Year-Over-Year, But Show Widespread Improvement

The company said it is already planning additional growth investments.

I Stock 465682934

Growth? Return to Office? What to Expect from Industrial Suppliers’ Latest Earnings Reports

There's plenty of reasons for business optimism right now. Here's what ID is watching in distributors' and suppliers' fiscal reports throughout April.

Amazon Business Just Hit $25 Billion in Annual Sales

In less than 6 years, the B2B e-commerce marketplace has grown sales to more than twice the size of Grainger.

In this file photo, Amazon CEO Jeff Bezos speaks during his news conference at the National Press Club in Washington.

Bezos Endorses Higher Corporate Taxes

In this Dec. 13, 2017 file photo, Federal Reserve Chair Janet Yellen speaks during a news conference following the Federal Open Market Committee meeting in Washington. Yellen on Monday, April 5, 2021, urged the adoption of a minimum global corporate income tax, an effort to offset any disadvantages that might arise from the Biden administration’s proposed increase in the U.S. corporate tax rate.

Yellen Calls for Minimum Global Corporate Income Tax

In this April 13, 2014 file photo, the Internal Revenue Service Headquarters (IRS) building is seen in Washington. More than 50 of the largest U.S. companies paid nothing in federal income taxes last year, even though they reported big pretax profits as a group. That's according to the Institute on Taxation and Economic Policy, a group that believes the tax system needs to raise more revenue.

Despite Profits, Many Big Companies Pay Zero US Tax

In this Dec. 29, 2020 photo, a FedEx delivery vehicle makes a U-turn near the Denver Pavilions, in downtown Denver.

FedEx Profit Soars as E-Commerce Surges

Industrial Media Unboxing Video

Industrial Media Unboxing Video

IEN Unboxed is a new show in which our editors unbox new tools on the market and discuss their features.

I Stock 926069614

Corporate Profits On the Rise for 1st Time Since Pandemic Began

Earnings for the largest S&P 500 companies are on track to be up 4 percent year-over-year, far better than the 10 percent decline that was expected.

Fastenal Branchses

Fastenal's Sales Growth Slows in February as Safety Products Cool

The company had its weakest year-over-year sales growth month since March 2020 as the benefit of elevated safety sales continues to lessen.

Lawson Products Sales End 2020 Down 5%, but Jump in Q4

Sequentially, Q4 average daily sales improved in most product categories, offset by less sales of lower margin PPE products.

Did a Single Tweet Cost Elon Musk $15B?

If it were any other social media user, perhaps this mild comment goes unnoticed.

Global Industrial Aasdfasedf

Systemax Tops $1B in Sales for First Time

A renewed Global Industrial brand and customer initiatives throughout the pandemic led to considerable sales growth in 2020.

A customer covers his face as he walks to a Lowe's home- improvement store in Vernon Hills, IL on Feb. 3.

Lowe's Q4 Profit Doubles Year-Over-Year to Nearly $1 Billion

It follows similar results at The Home Depot as customers kept investing in their homes during the pandemic.

Https Corporate homedepot com Sites Default Files Image Gallery 2019 Q4 Press Release 3000x935 0

Home Depot Eyes MRO Acceleration With HD Supply In Tow

See what the home improvement retail giant said about its plans for HD Supply — a company has re-acquired after spinning off in 2007.

I Stock 458127883

Home Depot's Sales Surge Another 25% in Q4

By one measure, the retailer's 2020 sales equated to every single US resident spending $402 at Home Depot last year.

DNOW Moves Forward With Half the Revenue and 43% Fewer Employees it Had a Year Ago

Sequential sales were still down slightly in Q4, but the transformed and debt-less distributor eyes improvement in Q1.

Motion Sales Returned to Growth in January after Falling 13% in 2020

Genuine Parts Company is expecting 3 to 5 percent sales growth at Motion in 2021, more M&A and accelerated e-commerce growth.

MRC Global Closed 27 Locations in 2020, Cut Nearly 600 Employees

While sales improved considerably since Q2, they were still down 24 percent in Q4 — the same year-over-year deficit MRC had a year earlier.