NTS will operate as a division of Abrasives & Tools of N.H.
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The new initiative aims to build the PT/MC talent pipeline.
Gross margin had a modest annual improvement, while EBITDA shrunk.
The distributor had a considerable 1Q sales improvement vs. 4Q23, while all business segments saw continued annual declines.
Company veteran Steven Bourbeau will lead operations in portions of Illinois, Michigan, Indiana and Wisconsin.
It's already the ninth deal announced by Imperial Dade in 2024.
Month-to-month, sales were down in seven of the 10 durable goods categories that the Census Bureau tracks.
It set a new AD record for revenues in the first three months of the year.
The fasteners and industrial supplies distributor's 1Q acquisition of Koch Industries helped drive top-line sales growth.
Ahead of Resideo's major acquisition of Snap One that will signficantly expand ADI, the unit saw 1Q volume declines in several categories.
Year-over-year sales turned positive after a prolonged period of decline, while margins, profit and EBITDA all were down.
It’s set to push the distributor’s U.S. datacom and datacenter sales to over $1 billion annually.
It was another deceleration as daily sales declined sequentially vs. March in all three of the company’s geographies and product lines.
It’s already the company’s eighth acquisition announced in 2024.
While sales growth slowed sequentially, it was another record quarter for the electrical and industrial supplies distributor.
Growth in DEWALT and Engineered Fastening was more than offset by lower infrastructure volume and "muted consumer and DIY demand."
Lawson has acquired S&S Automotive, an auto and industrial parts supplier based near Chicago.
The company noted that volume declined year-over-year in all three of its business segments.
Economists had forecasted a monthly gain of 0.3%.
