PMI down 1 percent from March, and overall economy grew.
Day: May 2, 2016
Acquisitions help building materials distributor nearly double revenue.
Annualized growth through March is 6 percent.
Company acquires compressor business of Kohler Druckluft.
Acquisition expands company's presence in Michigan.
Year-to-date sales up 1.2 percent year-over-year.
Company reports a loss of $3.4 million for the quarter.
Company had sued former employees in 2015 after they resigned to join Lockwood.
Construction spending up 0.3 percent from February.
Company reports a loss of $14 million for the quarter.