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ISM shared that 19% of the manufacturing sector’s GDP contracted in April, compared to 16% in March.
AD’s completed its merger with plumbing and PVF buying group The Commonwealth Group comprised the majority of 70-plus new member companies during the quarter.
After a flat 4Q25, Distribution Solutions Group saw an improved 1Q26 for top-line and organic sales growth, though profit and EBITDA margins tightened.
Existing backer KKR maintains majority ownership of the distributor, while Neuberger Private Markets now holds a minority stake.
Builders FirstSource opened 2026 with another year-over-year sales decline as weak housing starts, commodity deflation and lower operating leverage pressured margins and earnings, though acquisitions and share repurchases provided some offset.
Government spending and private investment increased sequentially, and AI-related spending helped drive strong growth in business investment in equipment and structures.
The company saw record 1Q sales and backlog while margins and EBITDA improved, leading to a raised full-year outlook.
Supply chain productivity platform Augment has acquired stealth startup Merlin to enter wholesale distribution, integrating AI capabilities into its Augie platform and targeting quote-to-cash workflows for distributors.
It suggests solid growth for homebuilding throughout 1Q26 and into April.
The Fed held rates steady again on April 29, maintaining a wait-and-see stance on inflation. The decision likely marks Jerome Powell’s final FOMC meeting as chair, extending a prolonged pause with implications for distributor demand and investment.
