Distribution Industry News

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 quarter ended June 25, 2022, were $2 billion, down 2% from the prior-year period.  

Arrow profit was up 54% for the period.

NOW net profit for the quarter was $26 million.