Persistent high inflation led the Fed to maintain its benchmark lending rate at a 23-year high.
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The building materials distributor saw healthy year-over-year and sequential improvements in gross margin.
It was a reversion from a March that had seen the first expansion-territory PMI since September 2022.
Sales sequentially decelerated further amid what the company cited as economic softness and lower market demand.
That's down from 5.1% in 4Q, as Global's 2Q23 acquisition of Indoff Inc. continued to inflate its year-over-year results.
Mike Power's addition to ARG Industrial's C-suite puts digital transformation at the core of the hose product distributor's business.
It’s the distribution group’s first acquisition since it was formed by Trive Capital at the end of 2023.
Following 10 acquisitions in 2023 and more expansion in 2024, Singer enhances its capabilities by partnering with AD.
The company's largest segment saw organic sales fall 1.5% in the Americas, though operating profit saw a healthy improvement.
The company also is acquiring a 13-branch distributor in France.
The 45,000-SF facility in Jerome, ID is a relocation of the company's former DC in Twin Falls, ID.
Designed to be LEED-certified, the DC is equipped with advanced automation equipment and robotics.
A pair of acquisitions and two other moves pushed the distributor’s footprint to more than 30 locations.
It reversed February’s 0.5% increase.
In February, PTDA held its inaugural one-day intensive program to help professionals cultivate relationships within the PT/MC industry.
The distributor’s organic sales topped expectations and the company continues to grow its automation presence.
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.
