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Zell piloted Anixter's board for 34 years until its $4.5 sale to Wesco International in 2020.
The sales decline was within expectations, according to Ferguson.
Net sales decreased 1.5% over last year, but increased 49.2% compared with the first quarter of fiscal 2021, the company said.
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The U.S. Census Bureau shows new orders for manufactured goods, inventories and unfilled orders have increased, while shipments remain down.
Ed Orlett is serving as interim CEO while a search has begun for a permanent successor.
It was the distributor's weakest daily sales growth month since June 2021.
Get all the details on the collaboration between the two industry technology providers and how they look to help distributors grow.
Operations at major West Coast container ports have been disrupted as dockworkers and port employers fail to reach a deal over wages.
STAFDA's 47th annual convention will take place from Nov. 5-7 in San Antonio.
