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October 2014 News

Lincoln Electric sales up 3.5 percent

Lincoln Electric Holdings reported third quarter 2014 sales increased 3.5% to $715.8 million versus $691.9 million in the comparable 2013 period.

RBC Bearings sales up, earnings down

RBC Bearings said its sales increased by 10.4 percent to $112.6 million for its most recent quarter.

Kennametal sales up 12 percent

Kennametal Inc. reported quarterly sales of $695 million, compared with $620 million in the same quarter last year.

Praxair sales up 4 percent

Praxair said its third quarter sales were $3.14 billion, 4% above the prior year.

Eaton sales up 2 percent

Eaton Corporation reported sales in the third quarter of 2014 were $5.7 billion, 2 percent above the same period in 2013.

Applied posts double-digit sales and earnings gains

Applied Industrial Technologies reported first quarter fiscal 2015 net sales grew 16% to $702.3 million from $605.3 million in the same quarter a year ago.

WinWholesale opens Greenville Winsupply

WinWholesale announced the opening of Greenville Winsupply in Greenville, S.C.

MSC Industrial 4Q sales climb 7.8 percent

MSC Industrial Direct reported net sales for the fourth quarter of fiscal 2014 were $726.6 million, an increase of 7.8% over $673.8 million in the same quarter a year ago.

Saint-Gobain acquires Atlas Zimpara

Saint-Gobain has finalized the acquisition of Turkey-based Atlas Zimpara, a long-standing partner of Saint-Gobain Abrasives.

Interline Brands sales up 5 percent

Interline Brands reported third quarter sales increased 5% to $442.4 million.

Timken reports 3Q loss

The Timken Company reported a loss of $14.8 million for the third quarter, resulting from non-cash charges and discontinued operations.

Parker earnings up 15 percent

Parker Hannifin Corporation reported fiscal 2015 first quarter sales were $3.27 billion, a first quarter record, compared with $3.23 billion in the prior year quarter.

Chicago Fed National Activity Index up in September

Led by improvements in production-related indicators, the Chicago Fed National Activity Index (CFNAI) rose to +0.47 in September from –0.25 in August.

Airgas sales up 6 percent

Airgas said its fiscal second quarter sales increased 6% over the prior year to $1.36 billion.

3M sales up by 2.8 percent

3M reported third-quarter sales grew 2.8 percent year-on-year to $8.1 billion.

Lawson Products sales up 8.6 percent

Lawson Products reported net sales for the third quarter of 2014 increased by 8.6% to $74.1 million compared to the third quarter of 2013.

WESCO International sales up 7.6 percent

WESCO International reported net sales were $2.07 billion for the third quarter of 2014, compared to $1.93 billion for the third quarter of 2013, an increase of 7.6%.

Stanley Black & Decker sales rise 5 percent

Stanley Black & Decker reported third-quarter net sales were $2.9 billion, up 5% versus the prior year.

Ingersoll Rand sales and earnings rise

Ingersoll-Rand plc reported revenues increased by 5 percent to $3.4 billion, compared with revenues of $3.2 billion for the 2013 third quarter.

Lindstrom acquires Titan Fastener Products

Lindstrom, a Harbour Group company, acquired the assets of Titan Fastener Products Inc.

Pentair sales up 3 percent

Pentair announced third quarter 2014 sales of $1.8 billion, up 3 percent compared to sales for the same period last year.

Carlisle Co. sales up 13 percent

Carlisle Companies reported $904.1 million in net sales for the third quarter 2014, an increase of 13% versus the prior year.

ITW revenues up 3.5 percent

Illinois Tool Works Inc. reported third quarter revenues grew 3.5 percent to $3.7 billion.

Millennials unaware of industrial distribution opportunities

New market research commissioned by Industrial Careers Pathway determined the attitudes of Millennials toward careers in industrial distribution.

Motion Industries sales up 10 percent

Motion Industries had sales for $1.2 billion for the third quarter, a 10% increase from $1.1 billion reported last year.

Hyde Group names Scoble president

The Hyde Group announced the promotion of Robert Scoble to president of Hyde Group Inc., effective Oct. 15.

ISA Members See Faster Growth in September

The October ISA Economic Indicator Report (EIR) from the Industrial Supply Association showed that business expanded at a faster pace in September than in August.

WD-40 Company ends year with strong quarter

WD-40 Company reported net sales for its fiscal fourth quarter were $97.6 million, an increase of 4 percent compared to the prior year fiscal quarter.

September industrial production up 1.0 percent 

Industrial production increased 1.0 percent in September and advanced at an annual rate of 3.2 percent in the third quarter of 2014.

Snap-on earnings up 22.6 percent

Snap-on Incorporated said its third-quarter sales of $806.3 million increased 7.0% from 2013 levels.

Grainger 3Q sales up 7 percent

Grainger reported third-quarter sales of $2.6 billion increased 7 percent versus $2.4 billion in the 2013 third quarter.

MAPI survey shows manufacturing dip

A nearly two-year upward trend experienced a hiccup according to the quarterly MAPI Foundation Business Outlook.

TDC Cutting Tools acquires Manigley AG

The parent company of Greenfield Industries, TDC Cutting Tools Inc., recently acquired Manigley AG, located in Sutz, Switzerland.

Hufford to lead INCOM Distributor Supply

Do it Best Corp. has named Jared Hufford as the new manager of INCOM Distributor Supply, its industrial and commercial supply division.

NewAge names new director of sales

NewAge Industries promoted Michael R. Allard to director of sales.

Exact Pipe opens Canada warehouse

Exact Pipe Tools Inc. established a warranty repair and distribution center in Canada to serve its growing number of Canadian distributors.

BlackHawk Industrial opens Portland branch

BlackHawk Industrial announced the opening of a new branch location in Portland, Oregon.

ISA names new president/CEO

Industrial Supply Association (ISA) board chairman Tommy Thompson of Turner Supply Co. announced that Jeffrey R. Hughes of Winter Spring, Fla. has agreed to serve as President & CEO.

August manufacturing technology orders down

August U.S. manufacturing technology orders fell 6 percent compared to last year to $356.69 million.

Fastenal Company sales up 14.3 percent

Fastenal Company reported sales of $980.8 million for the third quarter, an increase of 14.3 percent from $858.4 million reported in the same period last year.

Duracell Professional opens online Training Center

Duracell Professional introduced the Duracell Training Center, an online program designed to educate sales representatives about sales opportunities in the battery market.

AD hosts record-breaking North American meeting

The Industrial Supply Division of Affiliated Distributors hosted its largest North American Meeting in the history of the Division in late September.

U.S. cutting tool consumption drops

August U.S. cutting tool consumption totaled $166 million, according to the U.S. Cutting Tool Institute and AMT – The Association For Manufacturing Technology.

Airgas opens distribution facility in Germantown, Wis.

Airgas celebrated its new 250,000 square foot, state-of-the-art facility in Germantown, Wis., with a building dedication and tour.

ICP adds new association 

The Industrial Careers Pathway welcomed the National Association of Chemical Distributors (NACD) as its seventh Alliance Partner.

NAHAD to accept rep members

NAHAD - The Association for Hose and Accessories Distribution recently approved a recommendation by its board of directors to add eligible manufacturer representatives as NAHAD members.

Lincoln Electric acquires Easom Automation

Lincoln Electric Holdings has acquired Easom Automation Systems Inc., a privately held integrator and manufacturer of automation and positioning solutions.

Acme Tools opens ND location

Acme Tools opened a new distribution center in Grand Forks, N.D., in support of its growing Internet sales division.

Winwholesale opens Springdale, Ark. location

WinWholesale Inc. has opened Springdale Winsupply in Springdale, Ark.

Factory and construction jobs added in September

Manufacturers added 4,000 jobs during September, wiping out the job loss from the previous month.

Manufactured goods orders down 10.1%

New orders for manufactured goods fell 10.1 percent in August to $502.0 billion, the U.S. Census Bureau reported today.

Dover acquires Accelerated Companies

Dover has acquired Accelerated Companies, a supplier of artificial lift and fluid handling solutions to oil and gas production markets, for $430 million.

Actuant Corporation 4Q sales up 8%

Actuant Corporation reported sales for the fourth quarter were $354 million, 8% higher than the $327 million in the comparable prior year quarter.

ISM: September PMI falls 2.4 percent

The Institute for Supply Management month index fell 2.4 percentage points in September to 56.6.

Fastenal acquires Av-Tech Industries

Fastenal Company has acquired certain assets of Av-Tech Industries, a wholesale distributor of aerospace fasteners, electronic components, and miscellaneous aircraft parts.

AD announces founding AD Mexico members

Affiliated Distributors announce the first wave of founding members for its AD Mexico chapter.