Sales were up at least 20% year-over-year in all four of the company’s key product categories, though gross margin took a dip.
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Our long-awaited annual rundown of the top distributors across 17 industrial, construction and commercial products sectors is available to view and download.
Birte von Schwarzenfeld joins Beacon after spending the past 3.5 years in executive roles at Hilti Group.
It was a notable acceleration from the building products distributor's 1Q growth, achieving company records in sales, profit and profit margin.
Core organic sales comprised half of the distributors' 24% sales growth year-over-year.
The company still has plenty of capital left in its 2022 M&A budget, and underlying growth has it targeting accelerated revenue growth.
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.
