Ray Andrews will support the St. Louis, MO-based distributor's ongoing expansion and customer-centric business solutions.
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Annual sales growth for 12 months through March also increased for HVAC distributors a part of HARDI.
Four planned Colorado locations have been designed to work in conjunction to offer a comprehensive range of products and services in the region.
Multi-Family market weakness had hamstrung demand in recent quarters, with BLDR's gross margin down nearly 300 basis points year-over-year in 1Q25.
Following a healthy increase in February, total U.S. construction spend is down in March across the board in both private and public projects.
The MRO, OEM and industrial technologies distributor posted year-over-year 1Q gains in sales and EBITDA, driven by both organic and acquisitive growth.
![2025 Three-month report press release[66]](https://www.mdm.com/wp-content/uploads/elementor/thumbs/2025-Three-month-report-press-release66-riq4ky1kijghb9j9c95b82ns0u3sk4wr0xt63x1rd0.png "2025 Three-month report press release[66]")
AD welcomed over 550 new members and reached record sales in the first quarter of 2025.
While net sales dipped, a nearly 6% organic sales growth was led by data centers, and the distributor's Broadband and OEM businesses.
Stanley Black & Decker implemented a high-single digit price increase on U.S. tools in April, with plans to introduce a second price increase effective the beginning of the third quarter.
Sales in the Americas and EMEA were down YoY and sequentially, while sales in Asia increased substantially.
The results also show that distributors warn new tax increases could add to mounting financial pressures across the industry.
Performance was "significant" given the soft start in January and was led by Indoff and the Global's largest strategic accounts.
The building materials distributor was still able to churn out a modest profit, though EBITDA production was roughly half that of a year earlier.
Meanwhile, February's monthly figure was revised upward.
Jordan Gabbert will oversee investor engagement and outreach for middle-market private equity firm MiddleGround Capital.
Alatex enhances IBC's presence in the Houston market, and Dutton’s product mix aligns with the buying group's supplier partners.
The acquisition will position the manufacturer for new product development and continued penetration into the electrical distribution channel, company officials said.
Less than one-fifth of respondents' expect economic conditions to improve over the next three months.
Graybar reported its highest first-quarter net sales ever and its third-best sales for any quarter in its history.
