Grainger (NYSE: GWW) recently reported results for the year ended December 31, 2014. Sales of $10.0 billion increased 6 percent versus $9.4 billion in 2013. Reported net earnings of $802 million increased 1 percent versus $797 million in 2013.
Fastenal Company of Winona, MN (Nasdaq:FAST) reported the results of the quarter and year ended December 31, 2014.
May 4, 2015
Net sales for the 12-month period increased 12.2% to $3,733,507; sales for the fourth quarter increased 13.8% to $926,254. Net earnings for 2014 totaled $494,150, an increase of 10.1% over 2013 earnings.
The title of my talk is “Reimagining Distribution’s Value Proposition.” If I could give you the full story of my talk, my title would be something more akin to: “Reimagining Distribution’s Value Proposition So We Can Do a Better Job of Winning Customers, Growing Our Businesses, Increasing Our Gross Margins, and Staving Off Competitors from All Directions.”
Motion Industries, Inc. a wholly-owned subsidiary of Genuine Parts Company, recently entered into a definitive agreement to acquire Miller Bearings, Inc., headquartered in Orlando, Florida, in the first quarter of 2015.