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The acquisition will position the manufacturer for new product development and continued penetration into the electrical distribution channel, company officials said.
Less than one-fifth of respondents' expect economic conditions to improve over the next three months.
Graybar reported its highest first-quarter net sales ever and its third-best sales for any quarter in its history.
The electrical and PVF supplies distributor says its new McNaughton McKay Group branding brings its five subsidiary companies under a single, cohesive banner.
The distributor announced an upcoming two-for-one stock split, marking Fastenal's ninth split in its history and first since 2019.
Based in Texas, Maverick Beverage is a distributor of wine and craft spirits, operating across six states with approximately 500 employees.
U.S. durable goods orders surged in March, far exceeding forecasts, driven by a jump in transportation equipment as firms rushed to beat potential tariffs.
Watsco reported softer first-quarter results as it navigates a product transition driven by new regulations impacting over half its sales, but showed healthy margin performance.
Uline is expanding its Reno presence with a new distribution center set to open in August, adding 25 jobs to meet growing demand.
