Paris, France-based electrical supplies distributor Rexel reported its 1Q26 financial results on April 22, alongside announcing a new acquisition in Canada.

The company posted total 1Q sales of $5.5 billion, up 3.4% year-over-year on a same-day basis. Reported sales were 1.8% due to calendar effects (-0.9%) and negative foreign exchange (-4.3%).

By geography in 1Q26 on a same-day basis:

• Europe sales of $2.74 billion ticked up 0.6% YoY. Excluding solar products, same-day sales were up 1.2%. France (41% of region sales) increased 2.0%; DACH (Germany, Switzerland, Austria & Slovenia — 24% of region) decreased 1.8%; Benelux 17% of region) improved 3.9%; UK & Ireland (10% of region) fell 5.4%; and Sweden (6%) was flat.
• North America sales of $2.41 billion improved 5.8% YoY. U.S. sales (82% of region) improved 5.1%, while Canada (18%) jumped 9.1%. U.S. growth was driven by proximity to activity, while Canada’s was by project activity. Backlog increased to represent 2.8 months of sales at the end of March.
• Asia-Pacific sales of $332 million jumped 11.4% YoY

Rexel noted that all three geographies were in positive territory for the first time in 11 quarters.

Pricing was the biggest driver of the same-day sales improvement overall, as Rexel said pricing contributed 280 basis points of YoY growth — more than expected. Pricing on cable products contributed 170 bps, while pricing for non-cable products contributed 110 bps, with increases across most product categories, including conduits in North America. 

Meanwhile, volumes contributed 60 bps to growth, described by Rexel as temporarily soft due to weather conditions, the timing of large projects and margin selectivity.

Overall, Rexel’s digital penetration rate improved 217 bps YoY to represent 36% of 1Q26 sales. Digital accounted for 44% of sales in Europe; 28% in North America and 28% in Asia-Pacific, with the latter jumping more than 500 bps YoY.

Acquisition of Techno-Contact 360

On April 20, Rexel acquired Techno-Contact 360 — a Pierrefonds, Quebec-based distributor of low- and medium-voltage electrical products and solutions from design to commissioning. Founded in 2003, the company caters to customers in markets of industrial production, critical applications; commercial, commercial and institutional buildings, and transport electrification.

Led by President Sylvian Poirier, Techno-Contact 360 had approximately $61 million in 2025 annual sales. Terms of the transaction weren’t disclosed.