Full-year operating and net profit jumped more than 40% vs. 2022.
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Acquisitions drove nearly all of DSG's growth in 2023, which marked its first full calendar year since forming in early 2022.
Respondents indicated staffing remains their top challenge — though weakening — and that new recent regulations will take significant time and costs to understand and comply with.Â
ELA + Synergy will serve lighting, design and electrical communities in New York, New Jersey, Pennsylvania and Delaware.Â
Non-heavy manufacturing, non-residential construction and reseller end markets outperformed January.
4Q revenues for that segment dipped 1.4% year-over-year.
The strategic partnership will enable material handling equipment and automation distributor Wolter to accelerate its expansion plans.
The plumbing and HVACR distribution giant also updated its plans to ‘domicile’ its ultimate parent company in the U.S. to reflect operations and leadership.
The distributor saw healthy 4Q organic growth, too, with comparable sales up 5.1% excluding GIC's May 2023 acqusition of Indoff.
Wisconsin-based Jorgenson Conveyor and Filtration Solutions will join Innovance's lineup of industrial machine manufacturers.
The specialty building products distributor saw gross margin improve 40 bps year-over-year, though EBITDA fell by a larger margin.
The addition of Fort Worth, TX-based ePicker will boost Big Lift's lithium-powered material handling and forklift offering.Â
Acquisitions and greenfields powered strong volume growth, and the distributor bolted-on its second company in 2024.
A pull-back in DIY spending, flat Pro customer sales and unfavorable January winter weather impacted Lowe's comparable sales numbers.
Thirty-three major work stoppages began in 2023, the most since 2000 when there were 39, according to the U.S. Bureau of Labor Statistics.
However, the year-over-year sales declines improved throughout the year and were down only 4.7% in the fourth quarter.
A decrease in BlueLinx's 4Q23 sales reflects a decline in specialty and structural product sales, primarily driven by price deflation.
In 2023, the distributor paid down $160 million of debt and reduced inventory by $100 million while maintaining fill rates above 94%.
CEO Ted Decker noted that 2023 was "a year of moderation" for the DIY and contractor supply retail giant.
Following his three-part article series, we had John Gunderson on the podcast for a deeper dive into Fastenal’s move from a company dependent on a nationwide branch network to one that emphasizes embedded customer service.
