The company’s organic sales declined by 3.3% year-over-year, while SRS Distribution contributed $1.3 billion in 2Q net sales.
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Growth continued to slide across all geographies, product segments and customer end markets.
ProDriven Global Brands positions the maker of ladders, safety equipment and tool storage in its next phase of growth.
CEO D.G. Macpherson noted a "slow, but generally stable" demand backdrop.
The milestone comes during the cooperative's centennial anniversary.
Watts has been with Fastenal since 1996 and has led its sales operations since May of last year.
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Here's the condensed, free version of the first in a three-part Premium series that examines the state of Wesco International and the strategic pillars powering the organization.
As its eighth acquisition since 2022, the deal expands NEFCO’s branch network to 41 U.S. locations.
Ebbert has experience representing manufacturers in the STAFDA, industrial and heavy construction markets.
The company is set to separate its electronics and water businesses from its industrial unit.
The distributor of kitchen appliances, HVAC, plumbing and pool & spa parts has sped up its delivery services by partnering with DoorDash.
CEO Ted Decker noted a weather-delayed start to spring and continued softness in certain larger discretionary projects.Â
Growth in DEWALT and Engineered Fastening was more than offset by lower infrastructure volume and "muted consumer and DIY demand."
The company's largest segment saw organic sales fall 1.5% in the Americas, though operating profit saw a healthy improvement.
CEO D.G. Macpherson noted how the company achieved solid results amidst a slow, but steady demand environment.
Originally announced this past July, the deal was valued at $960 million.
The distributor is adding over 1,000 new products to its current inventory of 6,000 items alongside advanced logistics solutions.
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Local media cited financial troubles leading to buyer backing out of purchasing the hand tool maker's Bushnell, IL plant.
