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Breaking news in Wholesale Distribution
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.
The company pointed to continued broad end-market growth both year-over-year and sequentially, while pricing advanced primarily in memory-related products.
The electrical and industrial distributor keeps breaking company sales and profit records.
The deal is set to expand Nexans' U.S. footprint and low-voltage cable capabilities while leveraging Republic’s distributor network to build a broader North American growth platform.
The company’s January-March results indicated demand momentum. Meanwhile, Applied raised its annual outlook.
All three company geographies were in positive sales territory for the first time in 11 quarters. Meanwhile, the company closed on a Canadian acquisition that added about $61 million of revenue.
The company noted consistent product demand in the quarter, while it closed on two tuck-in acquisitions.
