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Ferguson’s U.S. region posted ongoing revenue growth of 3.2% and underlying trading profit growth of 11.3% in the first quarter of fiscal 2021.
Mid-State Lumber will continue to operate under its existing brand and with its current leadership after acquisition by U.S. Lumber, a subsidiary of Specialty Building Products.
Year-to-date, the goods and services deficit increased $46.6 billion, or 9.5%, from the same period in 2019.
During the quarter ended Nov. 1, HD Supply completed the sale of its construction and industrial business to a private equity buyer for $2.8 billion.
Fastenal’s reported daily sales for the month were also up 6.8% versus a year ago — again based on strength in safety (35.9% growth) and despite a 1.7% dip in fastener sales.
The dividend is payable Dec. 31, 2020, to shareholders of record at the close of business on Dec. 17, 2020.
Distributor will move to a smaller location with more employees working from home.
The expansion doubles the distributor's capacity and leaves room for future growth.
Indian River Consulting Group’s (IRCG) weekly Pandemic Revenue Index for the work week of Nov. 23 to Nov. 27 indicated an increase; it could be related to the holiday, but nevertheless it marked the biggest sales growth since July.
Distributor appoints Robert O'Keef to interim CFO following the decision by Tom Okray to step down and join another publicly traded company.
