It was another deceleration as daily sales declined sequentially vs. March in all three of the company’s geographies and product lines.
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Beacon's increase in residential and non-residential roofing product sales were primarily due to higher volumes driven by strong demand.
With this acquisition, US LBM now operates 12 locations in Northern California, including three structural component manufacturing facilities.
Economists had forecasted a monthly gain of 0.3%.
Pomona, CA-based Howard & Sons distributes a range of wallboard and steel framing products in Southern California.
The building materials distributor saw healthy year-over-year and sequential improvements in gross margin.
The rapidly-expanding building products distributor now has more than 60 DCs across the U.S.
Originally announced this past July, the deal was valued at $960 million.
It comes just a week after the construction supplies distributor announced an acquisition in Oklahoma.
Adding five branches across Nebraska, Iowa and North Dakota, it's the fourth acquisition Beacon has announced in 2024.
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The distributor frequently cited adverse weather in its 1Q report, while poor demand remains the core issue as pricing has stabilized.
The addition of Oklahoma-based rebar distributor and fabricator will expand White Cap's rebar and structural steel product capabilities.
To serve commercial roofing contractors in markets with construction upswings, Beacon added service in Canada and Minnesota.
With the addition of Southwest Fastener in 2023 and now Unicoa, NEFCO is one of the largest local construction supply distributors in Phoenix.
Mike Hockett and Craig Webb break down the key details of the combination, why it makes sense for Home Depot and why this was likely the long-term play for SRS all along.
Denver-based specialty waterproofing distributor Smalley & Company has 11 locations across the western U.S.
The addition of roofing supply distributor Herman’s Supply Company adds 11 Ontario locations and one in New York to ABC Supply.
During the first two months of the year, spending was up 11.9% from the same period in 2023.
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