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Matco Returned To Mid-Single-Digit Growth In Q3

Fortive Corp. (Everett, WA) reported that sales from existing businesses in its Franchise Distribution segment increased 3.6 percent to $160.90 million in the third quarter of 2018. The Franchise Distribution unit manufactures and distributes professional tools and wheel service equipment.

According to management, Matco returned to mid-single-digit growth, reflecting mid-teens growth in hard lines and high-single-digit growth in both tool storage and power tools, attributable to new product launches and market share gains.

Sales specifically to the vehicle repair end market rose 4.3 percent to $146.40 million.

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