Latest In Earnings

- News
Profit for industrial distributor MSC plummets 41.5% in the fiscal first quarter ended Nov. 28.

- News
Profit dips 25% in the period, but Enerpac continues to see improvement from its customers’ operations amid the pandemic.

- News
COVID-19 product sales and acquisitions boosted Bunzl's revenue in 2020, but a slowdown in pandemic-related sales will stunt growth in 2021.

- News
3M reports that sales increased 9% in the Americas and 10% in EMEA (Europe, Middle East and Africa) last month as the company continued its post-pandemic momentum.

- News
Year-to-date sales for the engineering and construction firm were down 6.9% year-over-year.

- Blog
After low-single-digit growth in 1Q, plumbing and HVAC distributor Ferguson PLC projects for the coming year accelerating M&A activity plus upbeat residential construction and renovation to offset softness in the commercial market.

- News
Ferguson’s U.S. region posted ongoing revenue growth of 3.2% and underlying trading profit growth of 11.3% in the first quarter of fiscal 2021.

- News
During the quarter ended Nov. 1, HD Supply completed the sale of its construction and industrial business to a private equity buyer for $2.8 billion.

- News
The dividend is payable Dec. 31, 2020, to shareholders of record at the close of business on Dec. 17, 2020.

- Blog
Go behind the scenes of Ferguson and Grainger, learn what’s driving building material M&A, discover the distribution leaders of tomorrow and see what Amazon does better than anyone by checking out MDM’s most-read blogs from last month.

- News
Building materials distributor Beacon Roofing Supply also reported that fourth-quarter revenue of $2 billion marked a 0.6% decline from the same period in 2019.

- News
Lowe’s also posts a profit of $692 million as the company continues to ride the wave of home improvement growth amid the COVID-19 pandemic.

- Blog
How did the public distributors (and manufacturers relevant to this space) perform in the calendar third quarter? Our recap provides highlights of their revenue and earnings results.

- News
MRO and industrial distributor DXP Enterprises Inc. posts a loss of $34.7 million in the quarter as the company continues to see challenges stemming from COVID-19.

- News
In its second earnings report since completing the $4.5 billion acquisition of Anixter International Inc. but first to include the new addition's full financials, WESCO recorded a 93% sales jump and a $66.2 million profit.

- News
NOW Inc., which reported a loss of $22 million for the quarter and a loss of $383 million for the first nine months of 2020, saw sales sink more than 50% in 3Q.

- News
Average daily net sales decreased 9.2% and profit was down 7.1% for the building materials distributor in the third quarter.

- News
Building materials distributor BMC Stock Holdings announced during the period that it was merging with Builders FirstSource in a mammoth $2.5 billion deal.

- Blog
Strategic activity from leading distributors like Ferguson, Grainger and Fastenal led to the most-read blogs of October 2020.
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