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product pricing in the marketplace is stable and there are tenuous signs of product inflation easing
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2022 Q3
19 Oct 22
We also achieved leverage over employee related costs
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2022 Q3
19 Oct 22
We achieved 110 basis points of operating expense leverage in the third quarter of 2022.
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2022 Q3
19 Oct 22
We also leveraged other operating expenses with lower bad debt expense, lower general insurance costs and higher asset sales being only partly offset by higher selling related transportation costs driven mostly by higher fuel prices.
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2022 Q3
19 Oct 22
environment where fastener costs were rising as much as 30%
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2022 Q3
19 Oct 22
These variables have supported stable product price levels
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2022 Q3
19 Oct 22
many commodity indexes have recently fallen from their peaks, global supply chains are filled with product where costing reflects the higher commodities of a number of months ago
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2022 Q3
19 Oct 22
As product availability in our hubs has reached our goal, we have been able to slow our inventory build even as improvement in the supply chain has allowed us to slightly shorten domestic and import ordering cycles
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2022 Q3
19 Oct 22
Inventories rose 19.8% continuing to reflect on an annual basis, strong customer demand, higher inflation and our hub inventory build
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2022 Q3
19 Oct 22
we are preparing for a softer 2023
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2022 Q3
19 Oct 22
As far as customer demand, that was stable throughout the quarter.
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2022 Q3
19 Oct 22