The 2Q period follows the company's February-April period, in which sales slid 1.5% YoY and increased 49.2% sequentially.
Latest In Core & Main
The new location will allow the company to further expand its fire protection product category in the Northwest, according to a news release.
Core & Main says the new location allows the company better serve geosynthetics customers in the West.
The waterworks and industrial supplies distributor also completed its previously-announced acquisition of Foster Supply.
Net sales decreased 1.5% over last year, but increased 49.2% compared with the first quarter of fiscal 2021, the company said.
Foster is a full-service provider of precast concrete structures, pipe, drainage materials and related geosynthetics products.
The St. Louis-based waterworks and industrial supplies distributor posted record sales in its fiscal 2022 that ended in late January.
Mergers and acquisitions among industrial distributors and manufacturers rebounded in December after slowing down in the latter half of November.
The company finalized its acquisition of Lanier Municipal Supply Co. Inc., while 3Q 2022 net sales increased 29.4% over last year.
For the month, MDM reported 22 mergers and acquisitions among industrial distributors, the lowest total since May.
Lanier serves customers through facilities in Lakeland and Savannah, Georgia, and Panama City and Lake City, Florida.
Trumbull operates four locations across Ohio and Pennsylvania.
The St. Louis-based company said fiscal 2022 second-quarter sales rose to $1.86 billion for the period ending July 31.
A new report calculates that U.S.-based industrial distributors could stand to benefit considerably over the next decade from increased MRO demand driven by the domestication of manufacturing production and foreign investment.
Core & Main is No. 10 on MDM's 2022 Top Industrial Distributors list.
The wastewater, storm drainage and fire protection distributor agreed to acquire ‘substantially’ all of the assets of Lock City Supply Inc.
The St. Louis-based company also reported that fiscal 2021 fourth-quarter net sales were nearly $1.25 billion.
The distributor of water, wastewater, storm drainage and fire protection products reported a 38.7% increase in the fiscal 3Q of 2021.
November continued an upward trend in mergers and acquisitions seen during the prior month, as well as during this year’s third quarter.
The water, wastewater, storm drainage and fire protection products distributor has completed the acquisition, which was announced in October.
