Avnet 1Q Sales Down 6.1%, but Net Profit Improves
On a constant currency basis, sales decreased 7.8% year-over-year and decreased 2.9% sequentially, Avnet said in a news release.
November 1, 2023
MDM Podcast: The State of Distribution Innovation
NAW’s Bart Tessel and Applico’s Alex Moazed share thoughts on distribution innovation and technology today as critical differentiators, and where they're headed.
September U.S. Construction Spending up 0.4% from August
August’s growth was considerably revised upward, from 0.5% to 1.0%, according to new data from the Census Bureau.
BlueLinx 3Q Sales & Profits Slide on Weak Housing
Marietta, Georgia-based building products distributor BlueLinx reported a 24% decrease in sales revenue in the third quarter of 2023.
Citing ‘Strong’ Economy, Fed Leaves Rates Unchanged
'Economic activity expanded at a strong pace in the third quarter,' the central bank said in a statement Nov. 1.
Endries International Acquires Viscan Group in Quebec
Viscan is a leading supplier of specialized screws, general fasteners and related components.
Singer Industrial Continues Deal Spree, Adds Viking Hose
In its sixth deal of the year, Singer Industrial joined forces with North Carolina-based Viking Hose and Fittings.
Builders FirstSource Sees Continued Sales & EBITDA Declines
The company reported net sales of $4.5 billion, a 21.3% decrease primarily driven by a weaker housing market and commodity deflation.
October PMI Falls 2.3 Points from September
It followed two straight months of improvement, retracting further into contraction territory.
