Builders FirstSource’s third quarter reflected another sharp sales and earnings decline amid soft single-family starts and commodity pressure.
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Reported and organic sales growth were robust in Q3, though gross margin and EBITDA margin had modest declines year-over-year.
Double-digit pricing actions continue to offset lower shipments of HVAC equipment that uses newly-mandated A2L refrigerants.
The distributor said revenue growth was again driven by the company's largest strategic accounts.
Current MSC COO Martina McIsaac will succeed Erik Gershwind following his planned retirement after 13 years as CEO.
At Motion, Genuine Parts Company saw year-over-year and sequential sales improvements and end market growth despite continued sluggish demand and “cautious” consumers.
The electrical distributor reaffirmed its full-year outlook and highlighted progress in digital growth and strategic investments.
Growth in its Repair Systems & Information Group led results that showed resilient margins and a legal settlement gain.
The One Big Beautiful Bill Act delivers long-awaited tax clarity for distributors — but only for those who know how to use it. In this sponsored MDM Amplify Podcast, Grant Thornton leaders explain the OB3's biggest implications, from bonus depreciation to new production deductions, and share how distributors can turn tax certainty into a strategic advantage.
It'll take the process equipment manufacturer from a publicly-traded company to one owned by Lone Star Funds.
Despite "sluggish" market conditions, Fastenal records its third straight month of double-digit daily sales growth.
Manufacturing shows continued resiliance despite some headwinds.
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Danfoss has acquired Palladio Compressor, expanding compressor solutions for industrial heat pumps and large commercial and industrial refrigeration.
September's PMI rose slightly to 49.1% but stayed in contraction territory as some manufacturers report tariffs driving prices up.
First Brands Group has filed for chapter 11 and secured $1.1 billion in financing from first lien lenders.
In a Truth Social post, Trump announced the U.S. will levy new tariffs on imported heavy-duty trucks and pharmaceuticals on Oct. 1.
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Growth is attributed to various process improvements and sales strategies NetPlus members have put in place, while some also nod to economic circumstances.
From smarter inspections and technical support to demand planning, sourcing, and inventory optimization, this article by Avnet's CIO explores how distributors can leverage AI as a true agent of change to drive efficiency, resilience and competitive advantage.
