The 2020 Mid-Year Economic Update_long

News

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Breaking news in Wholesale Distribution

SRS Acquires CC Supply
Operations

SRS Distribution Acquires C.C. Supply

Building materials distributor SRS Distribution Inc. expands footprint in Ohio with the acquisition of a family-owned distributor of residential and commercial roofing, siding, windows and doors, and other products.

NOW Inc.
Leadership

NOW Inc. Announces Alario Stepping Down as Executive Vice Chairman

Dick Alario will continue to serve as a director of the company.

RBC Bearings
Operations

RBC Bearings Sales Down 19.6% in Fiscal 2Q

Bearings manufacturer RBC Bearings sees profit sink 34.8% in the second quarter of fiscal 2021.

Heritage Landscape Supply Group
Operations

Heritage Landscape Acquires Irrigators Supply

Landscape distributor Heritage Landscape Supply Group Inc., a McKinney, Texas-based subsidiary of SRS Distribution, announced its fourth acquisition of the last four months with the addition of Irrigators Supply Inc.

MRC Global
Operations

MRC Global 3Q Sales Plummet 38%

Year to date, sales decreased 31.6% as the company reports a loss of $287 million through the first three quarters of 2020.

Huttig Building Products
Operations

Huttig’s Sales Down 1.4% in 3Q

Building materials distributor Huttig Building Products Inc. (Nasdaq: HBP), St. Louis, Missouri, reported third-quarter sales of $212.7 million, a 1.4% decrease over the prior-year period.

Cummins-Wagner Co.
Operations

Cummins-Wagner Acquires F.R. Mahony & Associates

Cummins-Wagner Co. Inc., an Annapolis Junction, Maryland-based distributor, announced this week it has acquired F.R. Mahony & Associates Inc. Financial terms of the deal weren’t disclosed.

Builders FirstSource building
Operations

Builders FirstSource Sales Soar 15.9% in 3Q

Dallas-based building materials distributor Builders FirstSource, fresh off the acquisition of BMC Stock Holdings, reported a stellar third quarter.

Research & Analytics

Real U.S. GDP Up 33.1% in 3Q According to Advance Estimate

In the second quarter of 2020, when COVID-19 was decimating the U.S. economy, real GDP decreased 31.4%.

United Rentals 3Q 2020
Operations

United Rentals 3Q Sales Down 12.1%

United Rentals also reported that sales for the first nine months of 2020 fell 9.3% compared to the same period of 2019.

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