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For the fourth quarter, sales were also up big — 97% — thanks to its market-shifting acquisition last year.
Building materials distributor also reported a profit of $71 million, up significantly from a profit of $18.2 million the same quarter a year ago.
And new orders placed in December marked a 40% increase from the previous month, according to the most recent U.S. Manufacturing Technology Orders report.
Latest addition to SRS Distribution’s portfolio operates 11 locations across Southern California.
For the full year, the goods and services deficit increased $101.9 billion, or 17.7%, from 2019.
Building materials distributor SRS said it has named Ryan Nelson to the company’s top financial post.
Dan Perry will continue to lead the company under the Atlanta Landscape Materials banner.
For the fourth quarter, however, Arrow reported that sales increased 15.2% to 8.5 billion.
Fastenal’s reported daily sales for the month were down 9.1% versus a year due to softness in fastener sales and the non-residential construction end market.
MCE makes second acquisition this month with the addition of the Plymouth, Minnesota-based distributor of process instrumentation, flow control valves, actuators and related equipment.
