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October 2013 News

PTDA releases Power Transmission Handbook
The Power Transmission Distributors Association (PTDA) has released the fifth edition of the Power Transmission Handbook.

DXP Enterprises sales and earnings rise
DXP Enterprises announced third-quarter net income of $16.4 million, with diluted earnings per share of $1.07 compared to net income of $13.1 million, or 86 cents, for the third quarter of 2012.

Actuant to sell electrical segment
Actuant Corporation has reached a definitive agreement to sell its electrical segment to Sentinel Capital Partners for $258 million in cash.

New Facing the Forces of Change research released
The NAW Institute for Distribution Excellence has released Facing the Forces of Change: Reimagining Distribution in a Connected World.

Praxair sales up 9 percent
Praxair reported third-quarter sales were $3.0 billion, 9% above the prior-year quarter.

MSC Industrial sales up 6.1 percent
MSC Industrial Direct said its net sales for the fourth quarter of fiscal 2013 were $673.8 million, an increase of 6.1% over $635.3 million in the same period last year.

Applied Industrial Technologies sales fall
Applied Industrial Technologies reported first quarter fiscal 2014 sales declined nearly 1 percent to $605.3 million, compared with $610.5 million in the same quarter a year ago.

Kaman Industrial Technologies sales up 5.7 percent
Kaman Industrial Technologies reported a sales increase of 5.7% in the third quarter to $273.0 million compared to $258.3 million a year ago.

Industrial production rises
Industrial production increased 0.6 percent in September following a gain of 0.4 percent in August.

Wholesalers sales up 0.6 percent in August
The U.S. Census Bureau announced today that August 2013 sales of merchant wholesalers totaled $428.4 billion, up 0.6 percent from July, and 5.6 percent higher than the August 2012 level.

Strong September durable goods report
Manufacturers made strides in September as durable goods orders increased by 3.7 percent to $233.4 billion, the U.S. Census Bureau announced today.

Sandvik sales decline 9 percent
Sandvik announced that its third quarter sales of 20.4 billion krona ($3.2 billion) were 9 percent lower than the same period last year.

Sherwin-Williams sales up 9.4 percent
Sherwin-Williams reported that its third quarter net sales increased 9.4 percent to $2.85 billion.

Eaton Corp. sales jump 42 percent
Eaton Corporation announced record sales and operating earnings, driven by the acquisition of Cooper Industries.

New PTDA research pegs market size
A new research report from the PTDA estimates the size of the North American power transmission and motion control market at $67.7 billion.

Saint-Gobain sales decline by 1.4 percent
Saint-Gobain reported that its consolidated sales for the third quarter came in at 10.8 billion euros ($14.9 billion), down 1.4% from the third quarter 2012.

Grainger offers new app feature
Grainger recently launched a new feature for its iPhone application, LiveChat with Photo.

3M delivers record results
3M reported third-quarter earnings of $1.78 per share, an increase of 7.9 percent versus the third quarter of 2012.

Lawson Products sales and earnings increase
Lawson Products said its net sales were $68.2 million in the third quarter of 2013 compared to $67.9 million in the same period last year.

Precision Castparts posts record sales
Precision Castparts reported sales for the second quarter of fiscal 2014 set a record at $2.36 billion, an increase of 23 percent over $1.93 billion during the same period last year.

WESCO International sales climb 16.6 percent
WESCO International said its third-quarter sales were $1.93 billion, a 16.6 percent increase compared to $1.65 billion for the third quarter of 2012.

Timken sales decline by 7 percent
The Timken Company reported third-quarter 2013 sales of $1.1 billion, down 7 percent when compared with the same period a year ago.

Kennametal sales decline
Kennametal reported sales for fiscal first-quarter 2014 declined by 2 percent to $620 million, compared with $629 million in the same quarter last year.

BlackHawk buys Chicago Hi-Speed and Quaker Tool
BlackHawk Industrial announced the acquisition of Chicago Hi-Speed Tool & Supply and Quaker Tool Grinding.

Airgas sales grew by 4 percent
Airgas reported its fiscal 2014 second quarter sales were $1.28 billion, an increase of 4% over the prior year.

MSA sales decline 3 percent
Safety product manufacturer MSA reported net sales for the third quarter declined 3 percent to $278 million compared with $287 million for the third quarter of 2012.

Construction jobs added in September
Employment in the construction industry rose by 20,000 in September, after showing little change over the prior 6 months, the U.S. Bureau of Labor Statistics reported today.

ITW sales and earnings fall
Illinois Tool Works reported third quarter earnings declined by 14 percent to $452 million, compared to $524 million in the same period last year.

Ingersoll-Rand sales up 4 percent
Ingersoll-Rand reported third-quarter revenues increased by 4 percent to $3.74 billion, compared with $3.59 billion for the 2012 third quarter.

Parker sales up slightly
Parker Hannifin reported fiscal 2014 first quarter sales were $3.23 billion compared with $3.21 billion in the prior year quarter.

ERIKS acquires Leader Global Technologies
ERIKS has acquired Leader Global Technologies, a manufacturer and provider of spiral wound and metal gaskets for a variety of industrial applications worldwide.

Motion Industries sales down 2.5 percent
Sales at Motion Industries fell by 2.5 percent in the third quarter to $1.11 billion, compared to $1.13 billion in the same period last year.

WD-40 sales up 10 percent
WD-40 Company reported net sales for the quarter ended Aug. 31 of $93.5 million, an increase of 10% from the fourth quarter last fiscal year.

Snap-on sales up 5.8 percent
Snap-on Incorporated said its third-quarter sales of $753.2 million reflected a 5.8% from 2012 levels.

NAM responds to government shutdown solution
After Congress passed a bill ending the 16-day government shutdown and increasing the country’s borrowing authority, the National Association of Manufacturers called on elected officials to work together.

Danaher earnings up 9 percent
Danaher Corporation announced third quarter net earnings rose 9 percent to $597.0 million, or 84 cents per share.

Stanley Black & Decker sales up 10 percent
Stanley Black & Decker reported third quarter sales increased 10 percent to $2.7 billion.

ISA Economic Index rises
The monthly Economic Indicator Report (EIR) from the Industrial Supply Association remained in positive territory in September.

Grainger sales up 5 percent
Grainger said its third quarter sales were up 5 percent to $2.4 billion.

Oil-Dri sales up 4.5 percent
Oil-Dri Corporation announced net sales of $63.9 million for the fourth quarter, a 4.5% increase compared with $61.1 million in the same quarter one year ago.

August manufacturing technology orders down
August U.S. manufacturing technology orders totaled $371.97 million according to AMT - The Association For Manufacturing Technology.

Cutting tool consumption drops
August U.S. cutting tool consumption totaled $161.7 million, according to the U.S. Cutting Tool Institute and AMT – The Association For Manufacturing Technology.

Fastenal sales climb 7 percent
Fastenal Company said its third-quarter sales jumped 7 percent to $858.4 million from $802.6 million in the same period last year.

W.P. & R.S. Mars Co. acquires Walter R. Hammond Co.
The W.P. & R.S Mars Company acquired the assets of the Walter R. Hammond Company of Minneapolis, Minn.

Greenlee names new VP
Greenlee appointed Nathan Harwood as vice president and chief information officer – Information Technology.

Brady Corp. CEO retires
Brady Corporation announced the retirement of president and chief executive officer Frank M. Jaehnert.

Airgas acquires Encompass Gas Group
Airgas has agreed to acquire The Encompass Gas Group Inc., headquartered in Rockford, Illinois.

RBC Bearings acquires Turbine Components
RBC Bearings has acquired Turbine Components Inc. for approximately $3.9 million.

Emerson acquires Enardo
Emerson has acquired Enardo LLC, a supplier of safety and environmental control equipment for the oil and gas, petrochemical, wastewater, refining and other industries.

Graybar moves Tulsa branch
Graybar announced that it moved its Tulsa, Okla. branch to a larger facility.

BlackHawk Industrial makes new acquisitions
BlackHawk Industrial announced the acquisition of four businesses: Precision Supply, Precision Supply De Mexico, X-Press Tool, and MfgSurplus.com.

Airgas reorganizes Southwest region
Airgas announced the reorganization of its Southwest distribution region, effective Nov. 1, into two separate regions.

Logistics adds Akro-Mils line
Logistics Corporation announced a new partnership with Akro-Mils.

AD names ISD winners
Affiliated Distributors announced the winners of its Industrial Supply Division 2013 Spirit of Independence awards at its recent 2013 North American Meeting.

Spectro acquires Wilks Enterprise
Spectro Inc., a developer and manufacturer of analytical tools and software for the industrial performance fluids market, has purchased Wilks Enterprise Inc. for an undisclosed sum.

Arcet Equipment and Machine & Welding Supply merge
Arcet Equipment Co. of Richmond, Va., and Machine & Welding Supply Co. of Dunn, N.C. have merged, effective Oct. 1.

Manufacturing expanded in September
Economic activity in the manufacturing sector expanded in September for the fourth consecutive month, according to the Institute for Supply Management.

Motion and Flow Control acquires Jackovich Industrial
Motion and Flow Control Products has acquired Jackovich Industrial and Construction Supply Inc. of Fairbanks, Alaska.

DBM launches ProContractorRentals.com
Direct Business Media, publisher of Industrial Supply magazine, announced the launch of the Pro Contractor Rentals magazine website, www.procontractorrentals.com.

ICP Ambassador hosts field trips
ICP Ambassador Jim Murrell, from Houston-based Ashburn Chemical Technologies, has been busy spreading the word on the incredibly rewarding careers available in industrial distribution.

NetPlus adds three suppliers
NetPlus Alliance, a buying group for industrial and contractor supplies distributors, added three new manufacturer to its supplier roster.

BDI names safety products manager
Cleveland-based BDI (Bearing Distributors Inc.), announced the appointment of Scott Smith as category manager of safety products.

Actuant 4Q sales flat
Hydraulic tool manufacturer Actuant Corporation reported fourth quarter sales of $327 million compared to $322 million in the comparable prior year quarter.

Beacon Roofing Supply relocates
Beacon Roofing Supply announced the relocation of its corporate headquarters from Peabody, Mass., to its existing Herndon, Va., corporate offices.

Audit: PT distributors lack online ordering capability
A recent audit of the websites of motors and power transmission distributors found that most sites lack functionality to meet customer online ordering expectations.