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.
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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.
We chat with Rexel's North American CEO on what the company has been up to lately and what's on the horizon. This includes recent acquisitions; Rexel's U.S.-Canada financial outperformance vs. the group's Europe counterpart; investments in talent development and digital transformation; thoughts on tariff impacts; and more.
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The healthcare solutions distributor will soon have a new top leader for the first time in over 35 years as Stanley Bergman — NAW’s 2025 Dirk Van Dongen Lifetime Achievement Award recipient — is set to retire.
Alongside MDM and NAW's own research into how tariffs are impacting distributors, a pair of new reports share fresh statistics on wholesale trade's outsized brunt of the economic burden from them.
See the 50+ events on MDM's radar across July-December.
MDM won't deploy an Update newsletter on Friday amid the Fourth of July holiday in the U.S., so it'll be back on Monday.
The group of 14 executives and directors span a wealth of industry experience and insight for ISA's strategic direction.
Valued at $1.5 billion, the deal is set to result in a PVF and industrial supplies distributor with a combined revenue of around $5.4 billion and more than 350 locations worldwide.
Just 50 days after closing on its $11 billion purchase of Beacon, QXO is back in pursuit mode.
