Distribution Industry News
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Industrial Production Rises 0.6% in July
Manufacturing rose 0.7% after having fallen the past two months.
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NAW Names New Chief Innovation Officer
Bart Tessel has more than 25 years of experience in the industry.
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Manufacturing Technology Orders Dip for Second Month
Through the first half of 2022, manufacturing orders were up 13%.
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Beacon Appoints Birte von Schwarzenfeld as Senior Vice President, Commercial Solutions
Schwarzenfeld joins Beacon in a newly created strategic role focusing on commercial business where she will be responsible for serving nonresidential roofing customers.
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Cardinal Health Sales Up 11% to $47.1B in Fourth Quarter 2022
Total-year sales for 2022 were $181.4 billion, up 12% from 2021.
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RS Group PLC Acquires Risoul for $275M
Risoul is a family-owned Rockwell Automation distributor of industrial and automation products and service solutions in Mexico.
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Applied Industrial Technologies Sales Hit $3.8B, Up 17.8% in Fiscal 2022
Applied’s profit was $257.4 million for the year.
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Graybar Reports Sales Up 19.7% for Second Quarter 2022
Profit for the second quarter was $127.6 million.
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Veritiv Reports Record Sales Up 9.8% in Second Quarter 2022
For the first six months of the year, Veritiv sales were $3.7 billion, up 14.3%.
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Distribution Solutions Group Second-Quarter Sales Up 139.5%
Organic revenue growth for DSG was 11.8% for the period.