Genuine Parts earned $245.84 million on revenue of $5.29 billion in the first quarter, with each figure increasing from a year earlier. The NAPA Auto Parts segment increased sales by 10.9%, while industrial parts was up 33.6%, fueled by the acquisition of Kaman Distribution Group.
Watsco posted a first-quarter profit of $134.89 million, more than doubling its year-ago profit. Revenue of $1.52 billion also represented a year-over-year gain.
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Check usage remains high in wholesale distribution, according to a report from PYMNTS and CheckAlt, and the ability to accept and reconcile check payments quickly is critical for many organizations' cash flow. Distributors need options that support seamless acceptance of check payments while moving to digital-first payment solutions, says Laurence Dunne, director of product management at CheckAlt.
Used Class 8 truck sales in the US rose by 23% in March, compared with February, while prices were up 11%. Sales were down 23% year over year, however, although prices were higher in that time.
How to offer fast and reliable delivery Consumers want their goods — fast. And when that order arrives, they expect it to be right. Join Pivotree and Fluent Commerce as they discuss 5 key success factors for fast retail delivery. Watch the webinar.
Inflation is a time for companies to focus on retaining customers by reducing vendor costs, being strategic about price hikes and focusing on sustainable growth, writes Gainsight CEO Nick Mehta. Customer retention isn't just about revenue, as too much turnover will hurt your debt capacity and get investors asking questions.
Leaders can create a better life and career by identifying the right moral framework, values and goals that are personally important and create positive change, writes LaRae Quy. "You can read all the self-help books you want and attend all the motivational seminars you can afford, but in the end, your job is take a master class in self-awareness so you know what makes you tick," Quy writes.
