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Landscape distributor Heritage Landscape Supply Group Inc., a McKinney, Texas-based subsidiary of SRS Distribution, announced its fourth acquisition of the last four months with the addition of Irrigators Supply Inc.
Year to date, sales decreased 31.6% as the company reports a loss of $287 million through the first three quarters of 2020.
Building materials distributor Huttig Building Products Inc. (Nasdaq: HBP), St. Louis, Missouri, reported third-quarter sales of $212.7 million, a 1.4% decrease over the prior-year period.
Cummins-Wagner Co. Inc., an Annapolis Junction, Maryland-based distributor, announced this week it has acquired F.R. Mahony & Associates Inc. Financial terms of the deal weren’t disclosed.
Dallas-based building materials distributor Builders FirstSource, fresh off the acquisition of BMC Stock Holdings, reported a stellar third quarter.
In the second quarter of 2020, when COVID-19 was decimating the U.S. economy, real GDP decreased 31.4%.
United Rentals also reported that sales for the first nine months of 2020 fell 9.3% compared to the same period of 2019.
Building materials distributor BlueLinx Holdings also reported a profit of $55.1 million for the quarter.
Phoenix-based electronics distribution giant Avnet reports a loss of $18.9 million in the fiscal first quarter.
Excluding an outlier, the overall sales change is still positive but at 1.3%.
