Stanley Black & Decker implemented a high-single digit price increase on U.S. tools in April, with plans to introduce a second price increase effective the beginning of the third quarter.
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Sales in the Americas and EMEA were down YoY and sequentially, while sales in Asia increased substantially.
The results also show that distributors warn new tax increases could add to mounting financial pressures across the industry.
Performance was "significant" given the soft start in January and was led by Indoff and the Global's largest strategic accounts.
The building materials distributor was still able to churn out a modest profit, though EBITDA production was roughly half that of a year earlier.
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The acquisition will position the manufacturer for new product development and continued penetration into the electrical distribution channel, company officials said.
Graybar reported its highest first-quarter net sales ever and its third-best sales for any quarter in its history.
Our accounts receivable executive input series concludes with a case study about how one large distributor is refurbishing speed to cash and its management of aging accounts with a three-part digital roadmap.
The distributor announced an upcoming two-for-one stock split, marking Fastenal's ninth split in its history and first since 2019.
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Watsco reported softer first-quarter results as it navigates a product transition driven by new regulations impacting over half its sales, but showed healthy margin performance.
Though comparable sales declined year-over-year, the gap narrowed sequentially as EBITDA margin had a considerable jump from 4Q.
While total sales growth decelerated for 3M's Safety & Industrial segment, they ticked up sequentially in organic growth.
The fasteners distributor launched a new resource hub to help customers and suppliers navigate changing tariff regulations.
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Manufacturers Alliance Resource Network expanded its representation of automation and control solutions across the Mid-Atlantic region with the agreement.
Lennox is expanding its distribution and training infrastructure in the Dallas-Fort Worth area with new facilities to support growth and enhance customer experience.
New England-based Siri Wire is a manufacturer and distributor of stainless steel wire products, used in applications such as filters screens and washers.
