The company reported a slight increase in sales to $1.1 billion, driven by acquisitions, offset by mixed demand trends.
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Although sales decreased, the full-year gross margin increased by 70 basis points compared to the previous year, reaching 41.2%.
The company’s 3Q results showed stronger unit sales and digital growth, despite slight decreases in gross and operating margins.
3M reported a 1.0% year-over-year increase in organic growth.
Rexel posted modest U.S. sales growth, reflecting strong performance in core electrical distribution despite weather-related challenges.
Year-over-year sales and profit continued to slide at Motion, reflecting challenges in the industrial sector.
The company also announced a cost reduction program that includes cutting 1,800 jobs.
Get a complete breakdown of the distributor's September and 3Q financials, which point to a demand uptick for the industrial supply sector.
Ferguson’s 4Q results show a slight sales increase and improved margins, but a full-year decline as the company expects modest 2025 growth.
Though still soft by Fastenal’s historical standards, August was a rebound from July. Get MDM's full breakdown here.
Acquisitions drove sales growth while lower customer activity and adverse weather hurt profitability.
GMS' organic sales declined in 1Q25, and it added Florida-based R.S. Elliot Specialty Supply earlier in August.
Cheney significantly expands PFG's presence in the Southeast U.S., along with a Puerto Rico distributor acquired in July.
The company totaled $227 billion in 2024 sales, up 11% annually.
The distributor’s full-year total sales increased 1.5% year-over-year, while 4Q sales remained flat.
The company’s organic sales declined by 3.3% year-over-year, while SRS Distribution contributed $1.3 billion in 2Q net sales.
The distributor’s recent acquisition of Snap One accounted for $45 million of the company’s 2Q sales of $959 million.
Gross margin and adjusted EBITDA likewise both improved year-over-year.
The distributor said recovery from the fall 2023 cyberattack has been slower than expected, which continues to weigh on sales growth.
The company’s total 2Q sales fell 3.1% — which improved sequentially from a 6.5% decline in 1Q.
