Distribution Industry News

Sonepar expands electrical distribution reach in the country with purchase.

Respondents reported calendar-year-to-date sales growth of 24%.

Avnet’s net income was $183 million, up from $107 million in the prior-year period. 

Profit was $9 million for Lawson Products, an industrial distributor.

Applied Industrial’s sales increased 14.7% on an organic daily basis.

Grainger growth was driven by performance in High-Touch Solutions and Endless Assortment segments.

The acquisition includes two locations in Texas and New Mexico.

It is the first B2B electrical supplies distribution marketplaces in the country.

Profit for the first quarter was the highest quarterly net income in company history.