The company still has plenty of capital left in its 2022 M&A budget, and underlying growth has it targeting accelerated revenue growth.
Latest In Building Materials/Construction
MDM’s new report, Markets Forecast, offers quarterly revenue projections for the wholesale distribution industry, plus breakouts for select categories, for the current calendar quarter and the next fiscal year. The inaugural Forecast looks at post-pandemic projections for distributors as a whole, plus specific sectors.
MDM’s quarterly survey in partnership with investment banking firm Baird reveals that distributor revenues decelerated sharply in 2Q but not as bad as feared at the beginning of the pandemic shutdown. One consensus among more than 550 participants: Distributors began rethinking the way they manage talent.
Construction and industrial sales decreased 1.1% in the fiscal first quarter.
The companys planned actions will deliver $160 to $170 million in annual pre-tax cost savings, with approximately $25 to $35 million of savings projected in 2020.
The April figure is 3.0% above the April 2019 estimate of $1,307.1 billion.
Tracking industry and customer data can provide distributors with a window into future planning as the market continues to shift during the coronavirus crisis. Channel Marketing Groups David Gordon suggests elements to consider, ranging from pricing pressures to the availability of talent.
The October figure is 11.1% above the November 2018 estimate.
The October figure is 1.1% above the October 2018 estimate.
The acquisition of Wallboard Supply exposes Foundation to the growing Colorado Spring Market.
Building materials distributor expands its network into Ohio.
The acquisition brings industry veterans to the building supply distributor
Dexmet Corporation manufactures specialty materials for surfaces in aerospace, automotive and industrial applications.
US LBM division expands with third roofing and siding focused location.
Profit decreased 26.7% year-over-year.
Troy Dally previously served as a senior vice president at Lowes.
John Hay was most recently a 84 Lumber store manager.
Profit rose to $2.5 billion during the first quarter.
Profit grew 53.9% during the quarter.
The company reported a loss of $74.1 million during the quarter.
