The distributor’s organic sales topped expectations the company continues to grow its automation presence.
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It was the second straight deceleration and fell well short of consensus forecasts, dampening hopes of Federal interest rate cuts.
The 33,000-square-foot facility will house manufacturing, product testing and warehousing.
Service First Processing joins the fold at PTDA.
The 2-time Olympic gold medalist and five-time NBA All-Star headlines the group's conference, set for May 1-3 in Indianapolis.
The 308,000-square-foot facility is projected to open by the first quarter of 2025.
The HVACR distribution giant also detailed its ongoing technology transformation.
It was the first consecutive increase since June of last year.
The rule is set to increase the current salary threshold for overtime pay exemption by 65% at the start of 2025.
The rule will go into effect 120 days after entered into the Federal Register, though it's expected to meet stern legal opposition.
The moves are across the distributor’s locations in Florida and Georgia.
The rapidly-expanding building products distributor now has more than 60 DCs across the U.S.
The investment will help Continuum expand digital transformation for B2B distributors and manufacturers beyond eCommerce.
Originally announced this past July, the deal was valued at $960 million.
The deal was originally announced on September 14, 2023.
Marc Strandquist — a 37-year industry veteran with Wurth Industry North America, Optimas Solutions and Martin Inc. — passed away on Aug. 31.
A potential transaction would likely be a merger of Bentley with Schneider's software business and be valued at over $15 billion.
The distributor is adding over 1,000 new products to its current inventory of 6,000 items alongside advanced logistics solutions.