Industrial Distributors surveyed by Baird think they will continue to grow in 2019, albeit at a slower pace of 4% vs 5.9% last year.
Here are some of the highlights of the 2019 Distribution Industry Outlook:
2018 Q4 revenues were up 5.9%, 2019 Q1 outlook is +4.1%
General MRO was up 6.8% in 2018
Metalworking/Cutting Tools was up 5.9%
Safety was up 7%
Industrial Supply pricing was up 2%
Fasteners were up 4%, expecting continued increases in 2019, especially if tariffs go up to 25%
Expected 2019 trends:
Industrial Supply outlook for 2019: up 4% (decelerated growth)
OEM Fasteners: +3.4%
General MRO: +4.0%
Facilities Maintenance/Jan-San MRO: +4.5%
Metalworking/Cutting Tools: +5.1%
Click here for the MDM article on the survey.
Click here to access a recording of the webcast.