Sales and margin growth well-exceeded the market's expectations and that of Grainger itself, with the company attributing it to both pricing and volume.
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It was the company's 10th straight month of double-digit daily sales grwoth year-over-year and its best month since August 2022 in the height of post-COVID market recovery. We give a full breakdown of Fastenal's April sales metrics here and the context around them.
Ferguson posts margin expansion and profit growth in its fiscal first quarter, even as residential end markets remained challenged.
SK adds a like single-location distributor to grow its capabilities in the U.S. Northeast.
GPC’s industrial segment delivered strong 1Q growth — outpacing automotive — as the company advances plans to split its businesses into standalone public entities by early 2027.
Acquired from Madsen & Howell, it's A&M's largest addition to-date, and comes on the heels of it launching a new eCommerce website in March.
Pricing is still playing a large — albeit decelerated role — in the company’s strong results, while management was upbeat on underlying demand. Get our in-depth breakdown of Fastenal’s 1Q metrics.
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All were promoted from other roles within the electrical and industrial supplies distributor.
AFC launched its Aerospace & Defense business unit this past fall.
They are the third and fourth acquisitions for ORS since it partnered with Wynnchurch Capital in August 2024, and ORS' CEO called the announcement "the most exciting day in company history."
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.
As Chief Commercial Officer Ryan Esposito will oversee commercial strategy across Global Sales and Category Management.
The decline was driven by lower sales in Central Canada and followed a flat 4Q for that business segment, while Wajax's annual revenue saw a modest increase.
The company completed six acquisitions during 4Q and closed on three since to complement continued robust organic growth.
Industrial and MRO parts distributor Global Industrial records momentum highlighted by a 7.4% increase in average daily sales in the fourth quarter.
Nonres markets and supplier pricing carried growth throughout the year as margins, profit and EBITDA each expanded.
Wajax lands an executive with 30 years of experience of Canadian and internatinoal distribution, manufacturing, retail and services, with previous stints at National Tire Distributors, Grainger and General Motors.
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.
