Beacon Roofing Supply Sales Down 2.3% in Fiscal 2020
Building materials distributor Beacon Roofing Supply also reported that fourth-quarter revenue of $2 billion marked a 0.6% decline from the same period in 2019.
November 2020
3 Dimensions of Emotional Intelligence That Impact Your Work Performance
Practical tips to improve your self-confidence, stress tolerance and influence — all of which have suffered during the global pandemic.
ABC Supply Opens Location in Quincy, Mass.
Joe Camara, who has been with the company since 2007, will manage the building materials distributor’s newest location.
Residential Building Permits Up 2.8% in October
Housing starts also up compared to year-ago period and the previous month, according to the latest residential construction report from the U.S. Census Bureau.
U.S. Cutting Tool Consumption Down 20.5% in September
Latest report shows U.S. cutting tool consumption up 14.7% from previous month of August, while year-to-date total is down 23.1% from same period of 2019.
Lowe’s 3Q Sales Spike 28.3%
Lowe’s also posts a profit of $692 million as the company continues to ride the wave of home improvement growth amid the COVID-19 pandemic.
Fastener Distributor Index Up in October
The seasonally adjusted Fastener Distributor Index (FDI) for October was 56.5, up from 49.2 in August.
Manufacturing and Trade Shipments Up in September
The U.S. Census Bureau reported that the combined value of distributive trade sales and manufacturers’ shipments and inventories for September was up 0.8% from the same month last year.
Will Fear of Wall Street Impact Manufacturer Sales Organizations?
If public companies are saving on T&E, how much of a T&E increase will they be able to justify to Wall Street if it reduces earnings and doesn’t increase sales?
Industrial Production Up 1.1% in October
According to the Industrial Production and Capacity Utilization Report, manufacturing output increased 1% during the month; industrial production was still 5.6% below its pre-pandemic February level.
Ferguson Acquires Two Companies
Plumbing and HVAC distribution giant Ferguson adds Old Dominion Supply Inc. and Atlantic Construction Fabrics Inc. to its portfolio.
Heritage Landscape Supply Group Expands into Kansas
The 11,000-square-foot location for Heritage Landscape brand HLS Outdoor will be led by Jamie Greenstreet, a nine-plus year industry veteran with experience serving in various operational roles.
Building Material Consolidation Kicks Into High Gear
The recent flurry of high-profile, high-dollar M&A deals involving building material distributors like HD Supply, US LBM and Foundation Building Supply has sparked plenty of shakeup but also shined a light on this sector.
PrimeSource Being Sold from One PE Firm to Another
Distributor of specialty building materials trades hands and will now serve as Clearlake Capital Group's latest platform for organic growth and add-on acquisitions in this sector.
SKF President and CEO Stepping Down in 2021
Bearings manufacturer SKF announces that Alrik Danielson is leaving the company after nearly five years at the helm.
Foundation Building Materials to Be Acquired for $1.4 Billion
American Securities LLC is the latest private equity firm to snap up one of the country’s top building materials distributors.
Home Depot to Acquire HD Supply Holdings for $8.7 Billion
Building materials distributor HD Supply returns to the company that had sold it to private equity in 2007, though HD Supply went public in 2013 and has since reshaped its portfolio.
Builders FirstSource, BMC Stock Holdings Clear Key Hurdle
Building materials distributors, which will soon combine, announced the early termination of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976.
Curbell Plastics Combines Two Texas Locations
Curbell Plastics combines two locales in Arlington, Texas, into larger Timberlake Drive facility, also in Arlington.
US LBM to Be Acquired by Bain Capital Private Equity
Bain Capital Private Equity establishes a solid building materials presence with the addition of US LBM, the sixth-largest construction distributor according to MDM's most recent Market Leaders rankings.
