The U.S. economy rebounded stronger this past spring than originally estimated, driven by drop in imports and increased consumer spending. See our added context for what to make of the underlying figures.
Posts By Mike Hockett
Steve Snower joined Parts Town as its sixth employee in 2004. Today, the company is a leading distributor of OEM replacement parts, now on pace for nearly $2.8 billion in annual revenue. He joins to reflect on how Parts Town got here, what it's been up to lately — which includes an employee ownership program, service expansion and digital innovation — and where it's going.
Things are well on track for The Home Depot to complete its second significant building materials distribution acquisition in less than a 2-year span.
Stocks jumped Friday following U.S. Federal Reserve Chairman Jerome Powell's remarks at the central bank's annual symposium in Jackson Hole, WY.
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The B2B products marketplace shared new stats about its customer expansion and cost savings.
HD saw the strongest broad strength across its merchandising departments in over two years during 2Q, while average ticket and big ticket comps accelerated.
Airgas claims that the picketing union violated its collective bargaining agreement, while the union claims that Airgas deliberately released "harmful" gas upon union employees at two locations.
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QXO issued its first quarterly financial results since its $11 billion acquisition of Beacon at the end of April, with all key metrics topping analyst forecasts.
It was a solid sales gain following a May decline that was revised down further and a flat April.
The distributor completed two deals in the first half of the year and one right after, following seven in 2024.
Both energy sector supplies distributors saw little movement year-to-year, but strong results compared to 1Q of this year.
The company's July report showed its first double-digit year-over-year daily sales growth month since January 2023 and another acceleration. How big a factor pricing played is unclear.
Parent company Resideo raised its full-year guidance after hitting a company record for 2Q sales.
Michael Knight rejoins the company where he spent 18 years before leading fasteners distributor Endries International.
It took a year to finalize, but the deal doubles the size of Bosch's Home Comfort business, significantly expanding its presence in the U.S. and Asia.
Margins were hampered by tariff-driven LIFO headwinds, though daily sales continued to gain momentum, especially in Endless Assortment. Get a full breakdown of Grainger's 2Q stats.
For the first time in three decades, two Fed governors voted against the consensus and supported a July cut.
It will create two independent public companies by the end of 2026, with ADI going forward as a $4.5 billion distributor of low-voltage products and solutions.
