News
Latest
Breaking news in Wholesale Distribution
While net sales dipped, a nearly 6% organic sales growth was led by data centers, and the distributor's Broadband and OEM businesses.
The U.S. industrial health gauge retreated further into contraction, hampered by lower production and export orders.
The MRO distributor’s High-Touch Solutions segment logged a modest year-over-year sales decline, while Endless Assortment saw double digit growth.
Stanley Black & Decker implemented a high-single digit price increase on U.S. tools in April, with plans to introduce a second price increase effective the beginning of the third quarter.
Sales in the Americas and EMEA were down YoY and sequentially, while sales in Asia increased substantially.
It followed healthy growth of 2.4% in 4Q24.
Performance was "significant" given the soft start in January and was led by Indoff and the Global's largest strategic accounts.
The building materials distributor was still able to churn out a modest profit, though EBITDA production was roughly half that of a year earlier.
Meanwhile, February's monthly figure was revised upward.
During an earnings call, Hillman officials committed to supply chain diversification and lowering its exposure to China-based suppliers amid tariff uncertainties.
