Colonial Oil Industries is one of the largest independent oil distributors in the U.S., primarily serving the Southeast.
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SBSI nets three Tennessee locations with the expansion, giving it 14 overall across the five U.S. states.
A proposed class-action lawsuit filed in federal court accuses Ace Hardware and software provider Epicor of orchestrating a long-running scheme to coordinate retail pricing and allocate local markets among thousands of Ace-affiliated stores nationwide.
While inflation is a major tailwind, a sustained increase in average order value above inflation continues to point to increased demand.
Frontloading on petroleum products ahead of price shocks tied to the Iran war skewed the industry's overall figures, but here, view product vertical-specific figures for monthly and year-over-year sales, inventories and inventory/sales ratios pulled from the Census Bureau's latest wholesale trade report.
It comes about two months after distributors completed their merger to create a company with more than $10 billion in annual revenues and 13,000 employees.
The now-combined company also provided an update on MRC’s integration, and ERP system migration that has seen major challenges since launched in November.
The company’s Innovative Pumping Solutions segment continues to see substantial year-over-year expansion.
Solid housing construction spend more than offset a second straight nonres decline. Get the full numbers and growth/decline changes here.
Sales and margin growth well-exceeded the market's expectations and that of Grainger itself, with the company attributing it to both pricing and volume.
Ferguson formed a strategic alliance with Contractor Commerce to help contractors modernize online sales, offering self-service buying tools, AI-powered search visibility and eCommerce capabilities directly through contractor websites.
Same-day sales were up mid-single digits vs. February alongside a solid year-over-year gain.
It was the company's 10th straight month of double-digit daily sales grwoth year-over-year and its best month since August 2022 in the height of post-COVID market recovery. We give a full breakdown of Fastenal's April sales metrics here and the context around them.
It's already been a busy year for GME, which made a CEO succession in January and appointed a new COO in April.
The MRO supplies distributor's gross margin narrowly dipped year-over-year, though profits saw double-digit growth.
Hi-Force is a designer and manufacturer of high-pressure hydraulic tools, heavy lifting systems and torque/tensioning equipment.
It nets Ferguson nearly two dozen branch locations between two traditional distributors and four manufacturers rep agencies in for the company's Waterworks, HVAC and Industrial units. We detail who these six companies are here.
Ferguson posts margin expansion and profit growth in its fiscal first quarter, even as residential end markets remained challenged.
SK adds a like single-location distributor to grow its capabilities in the U.S. Northeast.
United stated its succession planning continues to demonstrate a clear commitment to employee-ownership, supported by a strong focus on training and development.
