LOGIQ Acquires Fellow Lighting Distributor JLS in Florida
JLS Lighting is a lighting and control solutions distributor serving commercial and industrial markets in Florida.
LOGIQ Acquires Fellow Lighting Distributor JLS in Florida Read More »
News
Midland Industries Acquires Cerro Brass in St. Louis
Cerro Brass is a distributor of brass components, serving the residential, commercial and industrial markets.
Midland Industries Acquires Cerro Brass in St. Louis Read More »
Watsco 2Q Sales Slide, but Margin Expands
Watsco delivered company-record 2Q gross profit despite a slight dip in sales, driven by tech-driven strategic pricing and other initiatives.
Watsco 2Q Sales Slide, but Margin Expands Read More »
BlueLinx 2Q Sales Improve as Margins Fall
The company’s two product segments saw year-over-year sales growth, but gross margin, net profit and EBITDA all declined.
BlueLinx 2Q Sales Improve as Margins Fall Read More »
Another Tough Quarter for Builders FirstSource as Sales, Margin & EBITDA Slide
Core organic sales had another mid-single digit decline year-over-year while net profit sunk by nearly half from a year earlier.
Another Tough Quarter for Builders FirstSource as Sales, Margin & EBITDA Slide Read More »
Acquisitions Drive DSG 2Q Sales Jump, but Organic Also Improves
Four acquisitions in 2024 drove a double-digit sales year-over-year sales increase at Distribution Solutions Group, but underlying organic growth also improved.
Acquisitions Drive DSG 2Q Sales Jump, but Organic Also Improves Read More »
Wesco 2Q Sales Expand but Margin Dips Further
Wesco’s 2Q results show accelerating organic growth and surging data center sales, prompting the company to raise its full-year outlook.
Wesco 2Q Sales Expand but Margin Dips Further Read More »
U.S. Wholesale Inventories Reverse Course with June Uptick
U.S. wholesale inventories rebounded in June, despite expectations of a decline, as the trade deficit narrowed and retail inventories continued to grow.
U.S. Wholesale Inventories Reverse Course with June Uptick Read More »
Fed Leaves Interest Rate Unchanged for Fifth Straight Time
For the first time in three decades, two Fed governors voted against the consensus and supported a July cut.
Fed Leaves Interest Rate Unchanged for Fifth Straight Time Read More »
IMF Raises Global Economic Outlook as Trade Tensions Ease
The IMF modestly raised its global and U.S. growth forecast for 2025 and 2026, citing easing inflation, improved financial conditions and reduced trade tensions.
IMF Raises Global Economic Outlook as Trade Tensions Ease Read More »
Baker Hughes Buying Chart Industries in $13.6B Deal
With $4.2 billion in 2024 revenue, Chart makes and designs process technologies and equipment for handling gases and liquids. It previously had agreed to be acquired by Flowserve.
Baker Hughes Buying Chart Industries in $13.6B Deal Read More »
Resideo to Spin Off ADI Global Distribution Unit
It will create two independent public companies by the end of 2026, with ADI going forward as a $4.5 billion distributor of low-voltage products and solutions.
Resideo to Spin Off ADI Global Distribution Unit Read More »
First Estimate: 2Q U.S. GDP Rebounded with 3.0% Gain
U.S. GDP rebounded sharply in the second quarter of 2025, driven by stronger consumer spending and a drop in imports.
First Estimate: 2Q U.S. GDP Rebounded with 3.0% Gain Read More »
Global Industrial’s 2Q Sales & Margins Accelerate
The industrial and MRO parts distributor achieved company quarterly records for gross margin and operating profit as revenue improved throughout April-June period.
Global Industrial’s 2Q Sales & Margins Accelerate Read More »
Honor Foods Boosts Southeast Network with New Orlando DC
Honor Foods opened a new DC in Kissimmee, FL, expanding its Southeast operations and improving product access and logistics across the region.
Honor Foods Boosts Southeast Network with New Orlando DC Read More »
Stanley B&D Says Tariffs Had a 3-Point Gross Impact in 2Q as Sales Slid
Stanley Black & Decker reported a modest year-over-year sales decline in 2Q, impacted by a slow outdoor season and tariff-related shipment disruptions.
Stanley B&D Says Tariffs Had a 3-Point Gross Impact in 2Q as Sales Slid Read More »
MSC Appoints Interim CFO Amid Resignation, Gives Daily Sales Update
MSC Industrial Supply named an interim CFO following the pending departure of Kristen Actis-Grande.
MSC Appoints Interim CFO Amid Resignation, Gives Daily Sales Update Read More »
U.S., EU Reach 15% Tariff Deal to Avert Trade War
The U.S. and EU reached a new trade agreement aimed at reducing tariffs, boosting exports and strengthening transatlantic economic ties.
U.S., EU Reach 15% Tariff Deal to Avert Trade War Read More »
Rexel North American Sales Accelerate in 2Q
Rexel reported an increase in 2Q sales, driven by strong performance in North America that offset weaker results in Europe and Asia-Pacific.
Rexel North American Sales Accelerate in 2Q Read More »
U.S. Cutting Tool Orders Fell 2.3% in May, Down 5% YoY
U.S. cutting tool consumption was down from April and year-over-year, as the market continues to face soft demand and economic uncertainty.
U.S. Cutting Tool Orders Fell 2.3% in May, Down 5% YoY Read More »
