The company's two product segments saw year-over-year sales growth, but gross margin, net profit and EBITDA all declined.
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Core organic sales had another mid-single digit decline year-over-year while net profit sunk by nearly half from a year earlier.
Four acquisitions in 2024 drove a double-digit sales year-over-year sales increase at Distribution Solutions Group, but underlying organic growth also improved.
Wesco’s 2Q results show accelerating organic growth and surging data center sales, prompting the company to raise its full-year outlook.
U.S. wholesale inventories rebounded in June, despite expectations of a decline, as the trade deficit narrowed and retail inventories continued to grow.
The IMF modestly raised its global and U.S. growth forecast for 2025 and 2026, citing easing inflation, improved financial conditions and reduced trade tensions.
With $4.2 billion in 2024 revenue, Chart makes and designs process technologies and equipment for handling gases and liquids. It previously had agreed to be acquired by Flowserve.
U.S. GDP rebounded sharply in the second quarter of 2025, driven by stronger consumer spending and a drop in imports.
The industrial and MRO parts distributor achieved company quarterly records for gross margin and operating profit as revenue improved throughout April-June period.
Honor Foods opened a new DC in Kissimmee, FL, expanding its Southeast operations and improving product access and logistics across the region.
MSC Industrial Supply named an interim CFO following the pending departure of Kristen Actis-Grande.
See our breakdown of M&A activity by product category, the latest EBITDA trading multiples for 29 top industrial distributors and our detailed rundown of all deals we tracked during April-June, which remained subdued but improved throughout the quarter.
The U.S. and EU reached a new trade agreement aimed at reducing tariffs, boosting exports and strengthening transatlantic economic ties.
Rexel reported an increase in 2Q sales, driven by strong performance in North America that offset weaker results in Europe and Asia-Pacific.
U.S. cutting tool consumption was down from April and year-over-year, as the market continues to face soft demand and economic uncertainty.
DPA said the new space accommodates its growth and enhances operational efficiency.
Spanning a half mile end-to-end, the "Retail Support Center" was designed to boost logistics operations and serve its network of over 5,000 stores.
Honeywell reported a healthy increase in overall 2Q sales and provided updates on its planned breakup into three independent companies.
Fastenal opened a new DC in Utah, replacing its Salt Lake City facility to support regional growth and operations.
Walmart is overhauling its AI strategy by unifying tools into four dedicated AI agents that each have their own focus — customers, employees, engineers and sellers/suppliers.
