Core organic sales had another mid-single digit decline year-over-year while net profit sunk by nearly half from a year earlier.
Latest In Building Materials/Construction
Spanning a half mile end-to-end, the "Retail Support Center" was designed to boost logistics operations and serve its network of over 5,000 stores.
QXO has appointed a new chief procurement officer who had spent the past eight years leading Walmart's international spend management.
QXO appointed a new Chief Information Officer, effective July 14, bringing a decade of senior technology leadership from Kraft Heinz.
Kodiak launched KIG, a new standalone business focused on growing its appliances and interiors portfolio through locally owned companies.
It's the latest deal involving building materials distributors, following QXO’s purchase of Beacon and The Home Depot’s pending acquisition of GMS.
Specialty Products & Insulation strengthens its reach in Eastern Canada with the addition of insulation distributor and fabricator Dispro.
It's PrimeSource’s ninth acquisition since partnering with its private equity owner in late 2020.
Gypsum-based building products maker and distributor CGC is set to gain a fellow Canadian-based supplier of steel studs.
Construction spending declined in May, driven by continued softness in both residential and nonresidential private construction.
New Jersey-based Elgen is a manufacturer and designer of HVAC parts, components, ductwork and structural framing.
GMS has agreed to be acquired by The Home Depot’s subsidiary SRS Distribution for $110 per share, topping a rival bid and valuing the deal at $5.5 billion.
Holcim completed the spin-off of Amrize, now an independent, publicly traded building solutions supplier serving North America’s construction market.
The additional of Kansas City-based The Deck Supply will allow Decks & Docks to establish a presence in the Midwest and grow its inland decking footprint.
BMD launched its engineered wood product distribution operations in Southern California, expanding access to EWP solutions for regional lumber yards and builders.
ABC Supply partnered with ServiceTitan to deliver real-time pricing, product catalogs and order status directly within the platform.
Home Depot and QXO are both pursuing a potential acquisition of GMS, following QXO’s $5 billion bid, according to the Wall Street Journal.
To advance its digital strategy and boost innovation, Ferguson's new center will focus on software engineering, AI, ERP, analytics and more.
Just 50 days after closing on its $11 billion purchase of Beacon, QXO is back in pursuit mode.
GMS reported lower fourth-quarter results amid soft market conditions, with strength in Ceilings and Complementary Products more than offset by declines in Wallboard and Steel.
