Earnings | Industrial Distribution

Fastenal Reinstates Bonuses After ‘Anxiety Went Away’

The company is feeling more confident after a sizable bump in sales was announced in early June.

Parker's Q4 Organic Sales, Orders Fall by More Than 20%

The supplier was still able to turn nearly a $300 million net profit.

Wajax Q2 Industrial Parts Sales Fall 13% YoY

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Safety Still Powering Fastenal's Sales Growth, But Slowing

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DXP Q2 Sales Fall 25% Year-Over-Year

NOW Inc. Headcount Down 40% This Year Amid Transformation

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Kennametal Closing TN Plant, Combines Business Segments

Snap-on Q2 Sales Fall 24%

That compares with a 7.5 percent YoY decline in Q1, with far larger declines in segment profits.

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Caterpillar Slashes Inventory as Q2 Sales Fall 31%

Dealers cut machine and engine inventories by about $1.4 billion during Q2, compared to a $500 million increase a year earlier.

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Columbus McKinnon Sales Sink 35%

The motion control products supplier said volume was down 35 percent year-over-year and days sales outstanding ended June at 63.

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Lawson Products Q2 Sales Fell 25%, But Are Improving

Sales picked up considerably in May, followed by continued recovery in June.

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Stanley Black & Decker's Q2 Shows Major Volume Drop

Business shutdowns hammered the tools and tool storage supplier last quarter, with industrial volume down a whopping 29 percent year-over-year.

Motion Industries Q2 Organic Sales Down 17%

While profits at Motion Industries declined in Q2, profit margin remained flat due to cost savings.

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UPS Reports Record Surge in Shipping

Shipments from businesses to U.S. consumers soared 65%.

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Systemax Q2 Sales Dip YoY, Accelerate From Q1

Doing business primarily through its Global Industrial brand, the company's Q2 sales declines were far less severe than other industrial distributors and suppliers.

MRC Global Q2 Sales Fall 39% Year-Over-Year

As part of its cost savings efforts in Q2, MRC closed 11 facilities during the quarter and reduced headcount by 300.

The Renaissance Center, headquarters for General Motors, along the Detroit skyline.

Plant Closings Send GM to 2Q Loss, but Signs of Improvement

The company lost $806 million in the three months between April and June.

Barnes Group Q2 Sales Fall 37% Year-Over-Year

The company noted major industrial volume decreases due to COVID-19 impacts and a shutdown of aerospace end markets.

3M Q2 Sales Fall 12% YoY; Safety & Industrial Down 9%

3M noted significant end-market demand weakness in auto OEM/aftermarket, general industrial, commercial solutions and office supplies.