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Latest In Contractor
Solid housing construction spend more than offset a third straight private nonres decline. Get the full numbers and growth/decline changes here.
The funding for the rapidly scaling residential home service platform reportedly values Apex at $10 billion, and signals continued appetite for such platforms that are reshaping contractor buying power across key distribution end markets.
Home Depot posted modest 1Q26 sales growth but lower profit as large remodeling projects remained pressured, while its Pro business stayed resilient and the SRS acquisition continued to bolster contractor-focused demand. Here's the key figures.
Solid housing construction spend more than offset a second straight nonres decline. Get the full numbers and growth/decline changes here.
Ferguson formed a strategic alliance with Contractor Commerce to help contractors modernize online sales, offering self-service buying tools, AI-powered search visibility and eCommerce capabilities directly through contractor websites.
Ferguson posts margin expansion and profit growth in its fiscal first quarter, even as residential end markets remained challenged.
It follows a pilot of SIMPL’s technology at a Georgia HD distribution center.
Pricing continued to play a major — albeit decelerated role — in quarterly sales gains, while the company noted share gains and broad-based demand as driving factors.
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With prior digital leadership roles at BP, Uber and Toyota, they’ll now lead the strategy, development and alignment of product management, data and AI for he company.
That business segment generated about $7.1 billion in fiscal 2025 revenue and has approximately 31,000 employees
Most of it comes from a common stock financing round for the company that plans to expand throughout the U.S. Sunbelt region.
It was the fourth straight monthly decline for private nonresidential spending, which is now down 8% from its December 2023 all-time high.
The updates are designed to help Pros more efficiently manage projects by improving how they build material lists, place orders and coordinate deliveries. It further blurs the line between retail and distribution for a customer base heavily focused on contractors.
Breaking ground March 24, it will replace the company’s current Atlanta-based “AHUB” and could eventually be nealry four times the size.
The feature will provide pros with minute-by-minute updates on deliveries, including visibility into the truck route and remaining stops.
Fastenal reported a strong February that saw the company's best daily sales growth since October 2022 despite a downstep for its top national accounts.
The topline figure snapped three straight months of decline, though nonresidential spending saw a sharp decline.
SRS Distribution gained roofing share in a historically weak market as Home Depot’s Pro business outperformed DIY in Q4. From HD’s earnings call, we extract executive details shared on pricing strategy, GMS integration and cross-selling momentum across the company’s expanding contractor-focused offering.
