NOW Inc. Sales Tumble in 3Q
NOW Inc., which reported a loss of $22 million for the quarter and a loss of $383 million for the first nine months of 2020, saw sales sink more than 50% in 3Q.
NOW Inc. Sales Tumble in 3Q Read More »
2020
VIDEO: Baird Analysts Dissect Latest Distribution Economic Results
In this exclusive video, Baird analysts Dave Manthey and Quinn Fredrickson go behind the numbers of the latest MDM-Baird Distribution Survey. In this 16-minute video, they speak with MDM CEO Tom Gale about the industry’s performance and projections.
VIDEO: Baird Analysts Dissect Latest Distribution Economic Results Read More »
Foundation Building Materials Sales Down 7.7% in 3Q
Average daily net sales decreased 9.2% and profit was down 7.1% for the building materials distributor in the third quarter.
Foundation Building Materials Sales Down 7.7% in 3Q Read More »
SKF Consolidates Manufacturing, Organizational Structure in France
The company said the transfer of production from Avallon to St-Cyr “enables a more competitive and flexible offer to customers, as well as the realization of synergies from the existing service center and logistics capabilities in Saint-Cyr.”
SKF Consolidates Manufacturing, Organizational Structure in France Read More »
Curbell Plastics Names Jason Arceo Business Manager for Phoenix
Arceo will lead the Phoenix branch team as plastic supplier Curbell Plastics continues to expand in the Southwest.
Curbell Plastics Names Jason Arceo Business Manager for Phoenix Read More »
BMC Stock Sales Up 13.1% in Third Quarter
Building materials distributor BMC Stock Holdings announced during the period that it was merging with Builders FirstSource in a mammoth $2.5 billion deal.
BMC Stock Sales Up 13.1% in Third Quarter Read More »
AD Finalizes Merger Agreement with Delta Distributors
This merger joins Delta’s members with AD’s PVF members and will bring collective member sales in AD’s PVF Division to more than $11 billion.
AD Finalizes Merger Agreement with Delta Distributors Read More »
September Construction Up Slightly Year-Over-Year
The September figure is 1.5% above the September 2019 estimate and 0.3% above the revised August estimate; year to date, construction spending is up 4.1%.
September Construction Up Slightly Year-Over-Year Read More »
US LBM Acquires Zeeland Lumber & Supply
Following the acquisition, Zeeland’s leadership team will remain with the company, including Mark Miller, who will serve as president, and Mike Dykstra and Rob Groothuis in key leadership roles.
US LBM Acquires Zeeland Lumber & Supply Read More »
October M&A Roundup: Activity Heats Up
M&A activity kicked off the fourth quarter in style, as October registered the highest volume of distribution deals since before the pandemic. Here is our recap of the industry’s latest moves.
October M&A Roundup: Activity Heats Up Read More »
HARDI Distributors Report 13.9% Revenue Increase in September
Heating, Air-conditioning & Refrigeration Distributors International (HARDI) this week released its monthly TRENDS report, showing the average sales performance by HARDI distributors was an increase of 13.9% during September.
HARDI Distributors Report 13.9% Revenue Increase in September Read More »
Manufacturing Sector Grows in October
The October PMI registered 59.3%, an increase of 3.9% from the September reading of 55.4% — and the sixth consecutive month of expansion.
Manufacturing Sector Grows in October Read More »
Turtle & Hughes Appoints Kathleen Shanahan to CEO
Electrical distributor appoints co-CEO Kathleen Shanahan to top post; she becomes the first non-family CEO in company history and replaces Jayne Millard.
Turtle & Hughes Appoints Kathleen Shanahan to CEO Read More »
AD’s Nine-Month Member Sales Down 6%
Buying group also reports that group purchases from AD suppliers were down 2% in the first nine months of 2020.
AD’s Nine-Month Member Sales Down 6% Read More »
SRS Distribution Acquires C.C. Supply
Building materials distributor SRS Distribution Inc. expands footprint in Ohio with the acquisition of a family-owned distributor of residential and commercial roofing, siding, windows and doors, and other products.
SRS Distribution Acquires C.C. Supply Read More »
NOW Inc. Announces Alario Stepping Down as Executive Vice Chairman
Dick Alario will continue to serve as a director of the company.
NOW Inc. Announces Alario Stepping Down as Executive Vice Chairman Read More »
Big Business Moves: MDM’s Top Blogs of October
Strategic activity from leading distributors like Ferguson, Grainger and Fastenal led to the most-read blogs of October 2020.
Big Business Moves: MDM’s Top Blogs of October Read More »
RBC Bearings Sales Down 19.6% in Fiscal 2Q
Bearings manufacturer RBC Bearings sees profit sink 34.8% in the second quarter of fiscal 2021.
RBC Bearings Sales Down 19.6% in Fiscal 2Q Read More »
Heritage Landscape Acquires Irrigators Supply
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.
Heritage Landscape Acquires Irrigators Supply Read More »
MRC Global 3Q Sales Plummet 38%
Year to date, sales decreased 31.6% as the company reports a loss of $287 million through the first three quarters of 2020.
MRC Global 3Q Sales Plummet 38% Read More »
