The company reported two of its three segments showing an increase in revenue, while the departure of Optimum impacted its Pharmaceuticals segment.
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Sales declined in the Americas and EMEA year-over-year, but Asia sales increased for the second consecutive quarter.
Applied’s total sales declined year-over-year, but acquisitions drove most of the increase while foreign currency translation negatively impacted sales.
The company reported modest overall 4Q sales and profit growth that outpaced a decline in full-year sales.
The company ended the year with its worst daily sales growth month since mid-pandemic, though quarterly growth still accelerated. See our thorough breakdown of Fastenal's full year, fourth quarter and December results.
The figures showed a decline in sales driven by lower volumes, partially offset by acquisition benefits and a stronger than expected November.
Despite market headwinds and commodity price deflation, Ferguson's CEO says it will continue to outperform the market.
Recent acquisitions boosted overall sales, while the company cited a challenging market leading to continued organic declines.
It was the company’s best month since December 2023, led by particularly strong growth from manufacturing customers and in fastener products.
The company's net profit declined 11.4% year-over-year, but it raised its full-year outlook.
HD expects SRS to contribute approximately $6.4 billion in incremental 2024 sales, according to the company's updated 2024 outlook.
The company said it is preparing to adjust pricing and supply chains to mitigate the impact of Trump administration tariffs.
Operating profit likewise decreased in the Americas segment year-over-year amid competitive pricing pressures.
ADI's landmark acquisition of Snap One earlier this year continued to drive major annual sales gains, while organic also improved.
The company posted an increase in its U.S. sales, but a decrease in both its Canadian and international sales year-over-year.
The results showed a continued slide in year-over-year and sequential sales growth.
It suggests that broader demand for industrial and construction supplies remains subdued heading into 2024's closing months.
Each of DXP's three business segments likewise improved year-over-year and sequentially.
The company also announced a new board chair, effective immediately.
TopBuild is also set to acquire New York-based thermal insulation supplier Shannon Global Energy Solutions.
