Grainger

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Oct 17th, 2016

Id 23446 Graingerae

Grainger — No. 3 on Industrial Distribution's 2016 Big 50 List — reported its 2016 second quarter financials on Tuesday, highlighted by

NOW Inc. Headcount Down 40% This Year Amid Transformation

The company will be much smaller in scale going forward than it was at the end of 2019.

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Kennametal Closing TN Plant, Combines Business Segments

It's the sixth factory closure for Kennametal since July 2019, which began major cost cuts even before the pandemic arrived.

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Motion Industries Q2 Organic Sales Down 17%

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UPS Reports Record Surge in Shipping

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

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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.