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Acquisitions earlier in 2024 and prior accounted for a healthy annual sales gain, emphasizing the strategic expansion of its customer base.
Meanwhile, the bearings maker posted its 3Q results, made an Australasia acquisition and updated on its Automotive separation.
Sterling Heights, MI-based D.F. Burnham is a distributor of hydraulic and pneumatic components.
The company's WIS unit sale earlier this year drove most of its overall sales decline, while its CSS segment powered narrow organic growth.
The company cited a persistent “broader ecosystem inventory correction” causing a challenging market.
Beacon set a company record for quarterly sales, with acquisitions largely driving year-over-year growth.
The company is set to enhance its presence in Louisiana with a new facility that is expected to create around 20 jobs.
It decelerated from 2Q, reflecting a downturn in private inventory investment and residential fixed investment.
The company reported volume growth in key specialty product categories, while price deflation impacted overall sales.
The company is anticipating a negative impact on sales from hurricanes Helene and Milton in its fourth quarter.
