Ahead of Resideo's major acquisition of Snap One that will signficantly expand ADI, the unit saw 1Q volume declines in several categories.
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Year-over-year sales turned positive after a prolonged period of decline, while margins, profit and EBITDA all were down.
Belt Power expands in the Southwest with Phoenix-based conveyor belt and component distributor Avtech Industrial Products.
To improve lead time accuracy, Border States electrical supplies distributor will implement a AI-based prediction tool.
The two Michigan-based electrical and industrial products distributors are now officially members of the Sonepar family of companies.
A new location in Columbus is the sixth overall for the distributor of industrial hose, fittings and accessories.
It’s already the company’s eighth acquisition announced in 2024.
While sales growth slowed sequentially, it was another record quarter for the electrical and industrial supplies distributor.
Growth in DEWALT and Engineered Fastening was more than offset by lower infrastructure volume and "muted consumer and DIY demand."
TricorBraun will expand its Australia and New Zealand footprint, which it first established through acquisition in 2021.
Lawson has acquired S&S Automotive, an auto and industrial parts supplier based near Chicago.
The company noted that volume declined year-over-year in all three of its business segments.
Economists had forecasted a monthly gain of 0.3%.
Pomona, CA-based Howard & Sons distributes a range of wallboard and steel framing products in Southern California.
Persistent high inflation led the Fed to maintain its benchmark lending rate at a 23-year high.
Irvine, CA-based Dynamic Solutions will strengthen Valin's robust motion control and automation product portfolio.
The building materials distributor saw healthy year-over-year and sequential improvements in gross margin.
It was a reversion from a March that had seen the first expansion-territory PMI since September 2022.
Sales sequentially decelerated further amid what the company cited as economic softness and lower market demand.
