Quick Hits: Fortune's 'Most Admired' Distributors, And Hard Times For MRC, NOW Inc.

These latest Quick Hits cover the four industrial distributors that made Fortune's 'Most Admired Companies' list, Motion Industries' latest acquisition, and major sales and profit declines for MRC Global and NOW Inc.

Mike Hockett
Feb 26, 2016

These latest Quick Hits cover the four industrial distributors that made Fortune's 'Most Admired Companies' list, Motion Industries' latest acquisition, and major sales and profit declines for MRC Global and NOW Inc.

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DNOW Inc. headquarters, Houston, March 2022.
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DNOW Raises Forecast Despite Drop in Q1 Sales, Earnings
The beginning of the year saw lower well completions and “historically low” natural gas prices.
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The company said it is “encouraged” by the results and optimistic about 2024 as a whole.
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MRC Global Posts Lower Sales, Earnings
The company’s CEO, however, suggested the distributor has “turned the corner.”
May 9, 2024
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Milwaukee Tool Work Gloves Allegedly Tied to Forced Labor
U.S. Customs officials halted the shipments at the border.
May 8, 2024
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Mergers & Acquisitions
BlackHawk Industrial Acquires Factory Outlet Tooling
The Texas distributor serves the metalworking, aerospace, oil and gas, automotive and job shop sectors.
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Reinforcing the Role of Training in Sales Success
DPA University provides online product training and soft-skills courses to the buying group's members.
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Mergers & Acquisitions
Rexel Agrees to Acquire Talley Inc.
Talley is a leading distributor of wireless infrastructure products, services and solutions.
May 7, 2024
Kopar Saltillo
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Applied Industrial Closes Kopar Acquisition
The deal was announced in the company's recent Q1 earnings report.
May 6, 2024
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Sales
Fastenal Sales Edge Up in April
The distributor's U.S. sales, however, were flat compared to the same month of 2023.
May 6, 2024
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Sales
AD Reports Record First-Quarter Sales
The buying group posted $19.5 billion in member sales.
May 6, 2024
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Earnings
Wajax’s Industrial Business a Bright Spot Amid Revenue Decline
The company reported a 1% increase in industrial parts revenue.
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Graybar Reports Record First Quarter
The company said net sales were up, but net income slipped by nearly 16%.
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Company Expansion & Consolidation
Summers Rubber Adds Columbus Branch
The store is the Singer Industrial subsidiary's sixth.
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Mergers & Acquisitions
Sonepar Closes Madison, Standard Acquisitions
The two Michigan-based distributors are now officially members of the Sonepar family of companies.
May 6, 2024