Industrial Distribution

For many years, Industrial Distribution magazine has been a reliable source in the manufacturing industry. Our active readership includes key decision-makers looking for the newest updates, products, and insights. With a range of media formats, captivating content, and diverse marketing choices, ID provides everything your target audience needs, all while showcasing your brand alongside it.

National, Trade/B2B

English

Magazine

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Global

#1227601

United States

#415228

Business and Consumer Services/Business Services

#4719

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Articles

Federal Reserve Official Sees Signs of Slowing Economy but Not Ready to Cut Rates

3 days ago | inddist.com | Christopher Rugaber

WASHINGTON (AP) β A top Federal Reserve official said Friday that massive uncertainty created by President Donald Trump's tariffs has caused some businesses to cut back on hiring and spending, threatening to slow the economy, but he added that it's not yet clear whether the central bank should cut its key interest rate.
Kennametal Sales Down 6% Amid 'Weak Market Conditions'

4 days ago | inddist.com | Andy Szal

Kennametal posted a 6% decline in sales in its latest fiscal quarter, but its earnings jumped after the company benefited from a federal manufacturing tax credit. The Pittsburgh-based cutting tools and engineered components supplier reported $486 million in sales in the latest quarter, down from $516 million during the same period last year. Organic sales slipped by 3% over that span, while unfavorable currency exchange reduced the total by another 3%.
DXP Sales Up 16%, Earnings Jump 82%

1 week ago | inddist.com | Andy Szal

DXP Enterprises Inc. on Wednesday reported a 15.5% increase in first-quarter sales, while earnings soared by more than 80% compared to the first quarter last year. The Houston pump and MRO distributor — no. 17 on ID’s 2024 Big 50 — posted $476.6 million in sales during the first three months of the year, up from $412.6 million in early 2024.
China Tariff Crunch Not Going Anywhere: 4 Moves to Make Now

1 week ago | inddist.com | Nolan Beilstein

LAS VEGAS – If a company’s supply chain relies on China, it would behoove them to make alternative plans. That was the message delivered by Gene Marks, president of software development company The Marks Group, at this year’s Epicor Insights conference.
Wajaxâ€™s Q1 Industrial Sales Down 6.6%

1 week ago | inddist.com | Andy Szal

Wajax Corp. saw a 6.6% decline in its industrial parts revenue in the first quarter of the year, but the companyâ€™s overall revenue jumped by more than 15% amid sharply higher equipment sales. Company officials, however, said that Wajax expects headwinds and soft market conditions to persist amid concerns about the impact of U.S. tariffs.
DNOW Reports Higher First-Quarter Sales, Earnings

1 week ago | inddist.com | Andy Szal

DNOW Inc. on Wednesday posted increases in sales, profit and earnings for a first quarter that officials said exceeded company expectations. The Houston-based industrial and oil and gas distributor also disclosed its recent acquisition of an electrical supplier in Singapore. The company — no. 14 on ID's 2024 Big 50 — reported $599 million in quarterly revenue, up from $563 million in the first quarter of 2024.
MRC Global Posts Q1 Loss as Sales, Profits Fall

1 week ago | inddist.com | Andy Szal

MRC Global on Wednesday posted another quarterly loss as sales and profits both declined in the first three months of the year. The Houston pipe, valves and fittings distributor â€” no. 10 on IDâ€™s 2024 Big 50 â€” reported a net loss of $22 million amid a $30 million loss attributed to â€śdiscontinued operations.â€ť The company also reported a loss in the final quarter of 2024 following the sale of its Canadian operations.
Fives Group's U.S. Expansion to Improve Access to Cement Products

1 week ago | inddist.com | David Mantey

Fives FCB, the cement and minerals arm of multinational design and manufacturing firm Fives Group, announced massive expansion plans in the United States on Monday. The company says it is opening Fives FCB USA Inc., a facility in Birmingham, Alabama, to provide closer access to U.S. customers.
Applied Industrial Posts Higher Sales, Announces Deal to Acquire Automation Company

2 weeks ago | inddist.com | Andy Szal

Applied Industrial Technologies on Thursday reported improved quarterly sales, earnings and profit totals, as well as announced an agreement to acquire an Illinois packaging automation company. But the Cleveland-based distributor also reduced its full-year forecast citing slower sales in April, inflation concerns, continued spending and “recent tariff actions.”Applied — no. 8 on ID’s 2024 Big 50 list — posted $1.17 billion in net sales, an increase of 1.2% compared to the first quarter of 2024.
Wesco Sales Dip Slightly, but Q1 Earnings Increase

2 weeks ago | inddist.com | Andy Szal

Wesco’s sales dipped slightly in the first quarter of the year, but its earnings rose as the company maintained its initial forecast for 2025 as a whole. The Pittsburgh-based distribution and supply chain services provider reported $5.34 billion in net sales, which amounted to a 0.1% decline compared to the first quarter of 2024. Net income attributable to common Wesco stockholders, meanwhile, rose 2.6% year-over-year to $104 million, and diluted earnings per share were up 7.7% to $2.10.