Moblico Blog

Distribution Services News and Insights

Fortive’s Revenue Increases 26.7% in 2Q

https://s33009.pcdn.co/news/operations/fortives-revenue-increases-26-7-in-2q/?utm_source=rss&utm_medium=rss&utm_campaign=fortives-revenue-increases-26-7-in-2qFortive Corp. (NYSE: FTV), Everett, Washington, reported revenue for the second quarter rose 26.7% to $1.3 billion. Fortive posted net earnings of close to $181

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MRC Global 2Q Sales Improve 14%

https://www.mdm.com/news/operations/mrc-global-2q-sales-improve-14/?utm_source=rss&utm_medium=rss&utm_campaign=mrc-global-2q-sales-improve-14Pipes, valves and fittings distributor MRC Global Inc. (NYSE: MRC), Houston, reported second-quarter sales of $686 million, up 14% from the same period a year

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Border States Electric Names McConeghy as Chief Information and Digital Officer

https://www.mdm.com/news/leadership/border-states-electric-names-mcconeghy-as-chief-information-and-digital-officer/?utm_source=rss&utm_medium=rss&utm_campaign=border-states-electric-names-mcconeghy-as-chief-information-and-digital-officerBorder States Electric, which is headquartered in Fargo, N.D., announced on Thursday that it has hired Nancy McConeghy as its chief information and digital officer.

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L&W Supply to Open New Branch

https://www.mdm.com/news/operations/lw-supply-to-open-new-branch/?utm_source=rss&utm_medium=rss&utm_campaign=lw-supply-to-open-new-branchL&W Supply Corp., Chicago, on Monday announced it is opening a new branch in Beltsville, Maryland. The new branch, which will offer drywall, steel framing, acoustical

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Amazon 2Q Sales Up 27.2%

https://www.mdm.com/news/operations/amazon-2q-sales-up-27-2/?utm_source=rss&utm_medium=rss&utm_campaign=amazon-2q-sales-up-27-2Amazon.com Inc. (Nasdaq: AMZ) reported sales of $113.1 billion in the second quarter, up 27.2% compared to the same quarter in 2020. Net income was $7.8 billion in the second quarter,

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5 Misconceptions Distributors Have About E-Commerce Platforms

https://s33009.pcdn.co/blog/technology/5-misconceptions-distributors-have-about-e-commerce-platforms/?utm_source=rss&utm_medium=rss&utm_campaign=5-misconceptions-distributors-have-about-e-commerce-platformsIs there a timeframe for e-commerce implementation? Can distributors get more out of their online presence beyond brand recognition? During a recent MDM webcast, “Myth-busting

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Lawson Products’ Sales Jump 47.7% in 2Q

https://s33009.pcdn.co/news/operations/lawson-products-sales-jump-47-7-in-2q/?utm_source=rss&utm_medium=rss&utm_campaign=lawson-products-sales-jump-47-7-in-2qLawson Products Inc. (Nasdaq: LAWS), Chicago, reported second-quarter sales of $106.5 million, up 47.7% compared to 2Q 2020. Net income of $2.9 million was up

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Huttig Building Products’ Revenues Up 28.9% in 2Q

https://www.mdm.com/news/operations/huttig-building-products-revenues-up-28-9-in-2q/?utm_source=rss&utm_medium=rss&utm_campaign=huttig-building-products-revenues-up-28-9-in-2qDriven by the robust demand in the residential building sector, building materials distributor Huttig Building Products Inc. (Nasdaq: HBP), St. Louis, Missouri, reported net sales

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BEA: Real U.S. GDP Increases 6.5% in 2Q

https://s33009.pcdn.co/news/research/economic-trends/bea-real-u-s-gdp-increases-6-5-in-2q/?utm_source=rss&utm_medium=rss&utm_campaign=bea-real-u-s-gdp-increases-6-5-in-2qReal gross domestic product (GDP) increased at an annual rate of 6.5% in the second quarter, according to the Bureau of Economic Analysis (BEA). In

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Fischer Process Industries Acquires H. E. Danby

https://s33009.pcdn.co/news/operations/mergers-acquisitions/fischer-process-industries-acquires-h-e-danby/?utm_source=rss&utm_medium=rss&utm_campaign=fischer-process-industries-acquires-h-e-danbyPumps, valves, and process equipment distributor Fischer Process Industries (FPI), Loveland, Ohio, this week announced the acquisition of H. E. Danby Co. Inc., an Indianapolis,

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United Rentals’ 2Q Sales Up 18%

https://s33009.pcdn.co/news/operations/united-rentals-2q-sales-up-18/?utm_source=rss&utm_medium=rss&utm_campaign=united-rentals-2q-sales-up-18On Wednesday, United Rentals Inc. (NYSE: URI), Stamford, Connecticut, reported second-quarter sales of $2.29 billion, which was up 18% from $1.94 billion last year. For

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Does the Future of Independent Distribution Depend on B2B Marketplaces?

https://s33009.pcdn.co/blog/technology/does-the-future-of-independent-distribution-depend-on-b2b-marketplaces/?utm_source=rss&utm_medium=rss&utm_campaign=does-the-future-of-independent-distribution-depend-on-b2b-marketplacesIn the last few years alone, B2B marketplaces have grown at an incredible rate. The total value of merchandise sold through them, known gross merchandise

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Wynnchurch Capital Buys Trimlite

https://s33009.pcdn.co/news/operations/mergers-acquisitions/wynnchurch-capital-buys-trimlite/?utm_source=rss&utm_medium=rss&utm_campaign=wynnchurch-capital-buys-trimliteWynnchurch Capital announced on Wednesday that it has bought Trimlite, which is a manufacturer and distributor of residential doors and related door products that’s based

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U.S. Census Bureau: Wholesale Inventories Up Slightly in June

https://s33009.pcdn.co/news/research/economic-trends/u-s-census-bureau-wholesale-inventories-up-slightly-in-june/?utm_source=rss&utm_medium=rss&utm_campaign=u-s-census-bureau-wholesale-inventories-up-slightly-in-juneWholesale inventories for June, adjusted for seasonal variations and trading day differences, but not for price changes, were estimated at an end-of-month level of $715.0

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