Total-year sales for 2022 were $181.4 billion, up 12% from 2021.
Ian Heller
Ian Heller is the Founder and Chief Strategist for Distribution Strategy Group. He has more than 30 years of experience executing marketing and e-business strategy in the wholesale distribution industry, starting as a truck unloader at a Grainger branch while in college. He’s since held executive roles at GE Capital, Corporate Express, Newark Electronics and HD Supply. Ian has written and spoken extensively on the impact of digital disruption on distributors, and would love to start that conversation with you, your team or group. Reach out today at iheller@distributionstrategy.com.
Articles by Ian Heller
Risoul is a family-owned Rockwell Automation distributor of industrial and automation products and service solutions in Mexico.
Applied’s profit was $257.4 million for the year.
Profit for the second quarter was $127.6 million.
For the first six months of the year, Veritiv sales were $3.7 billion, up 14.3%.
Organic revenue growth for DSG was 11.8% for the period.
The gas utilities and downstream, industrial and energy transition (DIET) sectors led the sequential improvement of 14%.
Dana Duckworth will be the VP of Supply Chain Solutions for AFFLINK, a Performance Food Group subsidiary.
All three DXP business segments saw a year-over-year increase.
Price increases were a major driver of sales increases for Beacon.
Resideo, ADI’s parent company, reported sales up 14%.
Profit for the quarter was $21.7 million, up 20.1%.
The ODP Corporation, (NYSE:ODP), Boca Raton, FL, parent company of Office Depot and distributor of office supplies, reported sales for its fiscal 2022 second
Commercial Kitchen Parts & Kitchen is an OEM parts distributor and field service organization.
Arrow profit was up 54% for the period.
NOW net profit for the quarter was $26 million.
SiteOne has acquired 8 new companies year-to-date.
Daily sales in the U.S. grew 17.8% for Fastenal.
Owens & Minor’s Patient Direct segment continued to grow in the quarter.
Wesco has passed the second anniversary of the Anixter merger.