Graybar Posts 7.9% 1Q Sales Jump YoY
Graybar reported its highest first-quarter net sales ever and its third-best sales for any quarter in its history.
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News
McNaughton-McKay Rebrands to Unite 5 Subsidiaries
The electrical and PVF supplies distributor says its new McNaughton McKay Group branding brings its five subsidiary companies under a single, cohesive banner.
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Fastenal Issues 2-for-1 Stock Split; First in 6 Years
The distributor announced an upcoming two-for-one stock split, marking Fastenal’s ninth split in its history and first since 2019.
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Johnson Brothers Acquires Fellow Wine & Spirits Distributor Maverick
Based in Texas, Maverick Beverage is a distributor of wine and craft spirits, operating across six states with approximately 500 employees.
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Advance: March Durable Goods Orders Spiked 9.2%
U.S. durable goods orders surged in March, far exceeding forecasts, driven by a jump in transportation equipment as firms rushed to beat potential tariffs.
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Watsco 1Q Sales Dip Amid Product Transition, but Margins Improve
Watsco reported softer first-quarter results as it navigates a product transition driven by new regulations impacting over half its sales, but showed healthy margin performance.
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Uline Set to Open New Reno DC in August
Uline is expanding its Reno presence with a new distribution center set to open in August, adding 25 jobs to meet growing demand.
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TricorBraun Appoints Former FleetPride, Grainger Leader as President & CEO
TricorBraun appointed a well-known industry veteran to lead its global operations, succeeding Court Carruthers as he transitions to vice chair.
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Motion’s 1Q Comparable Sales Tick Down, but Outlook Holds
Though comparable sales declined year-over-year, the gap narrowed sequentially as EBITDA margin had a considerable jump from 4Q.
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OmniCable Consolidates 2 Atlanta Facilities into Larger DC
OmniCable opened a new facility in Buford, GA, consolidating two nearby locations to boost efficiency and better serve growing customer demand.
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Applico Releases 2025 Top 50 B2B Marketplaces Report
The fourth annual report offers a comprehensive look at the digital marketplaces redefining how businesses buy and sell physical products.
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MDM Wins Business Journalism Award for Fastenal Case Study
MDM won a Silver Azbee Award for its in-depth case study on Fastenal’s transformative shift to a digital-first distribution model, written by John Gunderson. It was the first feature in MDM’s Case Study series, which continues to roll out new reports in 2025.
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3M Safety & Industrial Sees Continued Solid Organic Growth in 1Q
While total sales growth decelerated for 3M’s Safety & Industrial segment, they ticked up sequentially in organic growth.
3M Safety & Industrial Sees Continued Solid Organic Growth in 1Q Read More »
Foundation Building Materials Acquires REW Materials for $600M
With 45 branches across 23 states, REW Materials is a distributor of interior and exterior building materials, offering both specialty and commodity products.
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Endries International Adds Tariffs Resources Hub
The fasteners distributor launched a new resource hub to help customers and suppliers navigate changing tariff regulations.
Endries International Adds Tariffs Resources Hub Read More »
Data: 2025 Business Travel Expected to Sink 33% Amid U.S. Government Actions
According to a survey conducted by the Global Business Travel Association, many of its global industry respondents expect a decline in business travel, with overall optimism slipping in recent weeks amid growing political uncertainty. GBTA received a total of 905 responses for the survey, conducted from March 31 to April 8, from travel buyers, suppliers
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QXO Offers $2B in Secured Notes to Facilitate Beacon Acquisition
QXO issued a separate release extending its all-cash tender offer to acquire outstanding shares to April 28.
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U.S. Cutting Tool Orders Dipped in February
U.S. cutting tool consumption declined in February compared to both the previous month and the same month last year, reflecting ongoing market uncertainty.
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Trio of Marsh Bellofram Companies Name MARN as Manufacturers’ Rep
Manufacturers Alliance Resource Network expanded its representation of automation and control solutions across the Mid-Atlantic region with the agreement.
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HVAC Supplier Lennox Details Distribution Network Upgrades
Lennox is expanding its distribution and training infrastructure in the Dallas-Fort Worth area with new facilities to support growth and enhance customer experience.
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