A year ago, as the country finally began to emerge from the strictest of COVID-related restrictions, major industrial distributors were reporting financial results that mirrored the tough toll 2020 had taken on the economy.
This year, however, those reports reflected a manufacturing sector that has roared back to life — along with some lingering challenges from the pandemic. New York supplier Global Industrial was among the distributors who posted particularly strong first-quarter totals.
The company set a record for sales and profit margin, and income from continuing operations jumped nearly four-fold compared to early 2021.Global Industrial CEO
Barry Litwin joins Industrial Distribution to talk about his company’s strong quarter and what to expect from the industry moving forward.