News
Latest
Breaking news in Wholesale Distribution
AmerisourceBergen said the increase was largely driven by a 13.2% surge in the company’s Pharmaceutical Distribution Services revenue.
SiteOne’s net income increased by 56% year-over-year to $123 million in 2Q while gross profit increased 36% to $388.2 million.
Building materials distributor BlueLinx Holdings also reported a profit of $113.5 million for the quarter.
The 17.2% average annual sales growth through June was down slightly from May, according to HARDI’s TRENDS report.
Second quarter Electronic Instruments Group sales were a record $934 million, up 44% compared to last year's second quarter.
In the second quarter, Owens & Minor posted net income $65.9 million compared to a net loss of $55 million last year.
The company in May announced it was selling the division to CentroMotion for $375 million.
With this latest addition, the distributor of electronic test, measurement, and production supplies will expand to the UK.
The building materials distributor has added a trio of businesses, expanding its footprint in Georgia and Virginia.
Kennametal reported fiscal fourth-quarter net income of $35 million after reporting a loss in the same period a year ago.
