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.
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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.
Nonres markets and supplier pricing carried growth throughout the year as margins, profit and EBITDA each expanded.
The newly formed company, PSS Cross Country Infrastructure Solutions, is positioned to support energy and infrastructure construction and maintenance projects nationwide.
That’s despite a small monthly downtick in the portion of in-market locations reporting growth, meaning Fastenal got relatively more out of its biggest customers. Get our full breakdown of the January numbers here.
White Cap is owned by PE firm CD&R, and Colony by Audax Private Equity. It will net White Cap more than 60 new locations.
The new capability is designed to help pros create project material lists within minutes.
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It was a new annual revenue high-water mark, as pricing actions and improved sales effectiveness carried the company through lasting "sluggish" market conditions.
The construction and contractor supplies distributor expanded considerably under Bertram Capital over the past three-plus years.
Dan Florness has been with the company since 1996 and its CEO for the past nine-plus years.
It's Ferguson's 20th venture investment to accelerate innovation for the construction industry.
The distributor posted its fifth straight month of double-digit daily sales gains despite a soft demand backdrop and topped analysts’ expectations, powered by acceleration in heavy manufacturing.
HD provided details on GMS' early returns upon its September acquisition, as well as longer-term results and outlook for SRS alongside broader Pro performance.
AD taps a former Iconix and Wesco executive to lead its newly-formed Waterworks unit.
It was the fourth straight month that Fastenal saw its daily sales rate grow by double digits year-over-year, powered by pricing actions in Q2-Q3 of this year.
AD on track for its largest growth year ever, driven by its 2024 IMARK merger alongside additional group membership expansion.
Set to jettison its U.K. operations, the MRO distributor lowered its full-year sales outlook but raised margin expectations. Get all the key figures here.
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