Sales grew at a much stronger rate outside of the company's Germany-base.
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The U.S. government shutdown hampered sales in October and November, but the company expects continued acceleration in its current December-February quarter.
Residential sales for the quarter were challenged while non-residential sales in the U.S. rose 11%.
The distributor posted its fifth straight month of double-digit daily sales gains despite a soft demand backdrop and topped analysts’ expectations, powered by acceleration in heavy manufacturing.
HD provided details on GMS' early returns upon its September acquisition, as well as longer-term results and outlook for SRS alongside broader Pro performance.
Strong sales continued in July-September, during which the company completed another acquisition before two more in October-November.
Comprised essentially entirely of legacy Beacon, top-line sales narrowly trailed those of a year earlier, while adjusted EBITDA margin improved sequentially.
It was the fourth straight month that Fastenal saw its daily sales rate grow by double digits year-over-year, powered by pricing actions in Q2-Q3 of this year.
The company saw modest year-over-year revenue growth at both its ADI and P&S business units.
The exterior doors, windows and other building products maker and distributor will cut about 850 jobs in North America as it looks to simplify its portfolio.
Recent M&A, new business and pricing helped generate the highest quarterly net sales and adjusted EBITDA in the distributor's 61-year history.
Set to jettison its U.K. operations, the MRO distributor lowered its full-year sales outlook but raised margin expectations. Get all the key figures here.
DSG delivered solid organic expansion in its MRO and OEM sectors, while recent acquisitions continue to deliver on top-line growth.
Builders FirstSource’s third quarter reflected another sharp sales and earnings decline amid soft single-family starts and commodity pressure.
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.
