The addition of Paragon expands the design services offerings within the Exponential Technology Group at TTI.
The expansion of the relationship between Wajax and Hitachi is expected to strengthen the competitive positioning of both companies in the Canadian construction and mining markets.
The expansion into the Chicago area marked the first acquisition outside of Coastal Construction Products’ regional base in the Southeast.
DXP Enterprises’ net income for the second quarter was $8.1 million compared to $2.1 million for the prior-year period.
Resideo’s net income for the second quarter was $58 million compared to a net loss of $76 million in the second quarter a year ago.
Core & Main’s Pacific Pipe deal was the company's 13th acquisition since becoming an independent entity in 2017.
Illinois Tool Works also reported second-quarter net income of $775 million versus $319 million a year ago.
Hoffman currently leads Boise Cascade’s purchasing activities in its Building Materials Distribution (BMD) division.
Prior to joining Border States Electric, McConeghy was the chief information officer for Sierra Nevada Corporation.
In 2Q, total industrial production rose at an annual rate of 5.5%, according to the Federal Reserve's latest Industrial Production and Capacity Utilization Report.
Builders FirstSource CEO Flitman says the NYSE is the preferred exchange for the building materials industry.
After sales increase in the third quarter, Applied Industrial Technologies’ CEO is predicting an even better fourth quarter.
Despite the loss, MRC Global posts a 5% sequential revenue increase in Q1 over the previous fourth quarter.