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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.
