The results also show that distributors warn new tax increases could add to mounting financial pressures across the industry.
Industry News
The results also show that distributors warn new tax increases could add to mounting financial pressures across the industry.
It followed healthy growth of 2.4% in 4Q24.
Performance was "significant" given the soft start in January and was led by Indoff and the Global's largest strategic accounts.
The building materials distributor was still able to churn out a modest profit, though EBITDA production was roughly half that of a year earlier.
Meanwhile, February's monthly figure was revised upward.
During an earnings call, Hillman officials committed to supply chain diversification and lowering its exposure to China-based suppliers amid tariff uncertainties.
The landmark acquisition cements QXO's presence as a major building materials distributor, and it's just getting started.
Jordan Gabbert will oversee investor engagement and outreach for middle-market private equity firm MiddleGround Capital.
Alatex enhances IBC's presence in the Houston market, and Dutton’s product mix aligns with the buying group's supplier partners.
The acquisition will position the manufacturer for new product development and continued penetration into the electrical distribution channel, company officials said.
Less than one-fifth of respondents' expect economic conditions to improve over the next three months.
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