Missing economists' expectations, June was dragged down by both public and private construction.
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Rexel reported sales in North America remained flat with some improvement, offset by challenging market activity in Europe.
It’s the latest economic indicator that demand remains subdued in the U.S. manufacturing sector.
The company said customer destocking and the delay of capital projects clearly impacted its 2Q results.
Membership growth for the contractor and industrial supplies buying group has outpaced the impact of consolidation, AD CEO Bill Weisberg said.
Star Stainless will stock and supply BUMAX stainless steel products to fastener distribution and industrial suppliers across the U.S.
The beverage alcohol distributor is set to add Horizon Beverage Group alongside numrous ongoing sales, digital and supply chain investments.
Fed Chair Jerome Powell noted a long-awaited rate cut could happen as soon as mid-September, but was far from committal.
See who Kodiak has promoted to succeed current CIO Brad Becker upon his retirement at the end of the year.
Q2 growth driven by DEWALT, Outdoor Products and Engineered Fastening was offset by SBD's divested Infrastructure segment earlier this year.
A healthier residential end market and an increase in average selling price bolstered Watsco’s total 2Q sales to $2.1 billion.
Atlas Copco expands into Southeastern U.S. with the acquisition of MS-based Compressed Air Technologies.
Motion seeks to build long-term and beneficial relationships with the Indigenous community in Canada through the PAIR program.
Northeast Specialty Insulations, Inc. gains a supplier to the composite insulation industry.
Former Fastenal and NTK Cutting Tools sales pro Keith Brown takes over ownership of the Ohio-based agency.
The company's Safety & Industrial business unit saw a reversal from 1Q's organic decline.
Beacon expands its partnership with EagleView — an aerial imagery, software and analytics provider — to enhance its eCommerce platform.
The Supply Chain Council, backed by business and labor groups, aims to protect the supply chain and advance public policy.
AWG expands footprint in Central Texas with new locations in San Antonio, Taylor and Pleasanton, TX.
The 50-year fastener veteran founded Copper State in 1972 with a staff of six employees and a 6,000-square-foot warehouse.
