The July figure is 0.1% above the revised June estimate and 0.1% below the July 2019 figure; year to date, construction spending is up 4%.
Eric Smith
Senior Editor Eric Smith is an award-winning business journalist whose coverage focus includes economic news and insights, industry trends, M&A, and analysis of small businesses and public companies across the wholesale distribution marketplace. Reach him at eric@mdm.com or 720-207-0335.
Posts By Eric Smith
MRO distributor Lawson Products pulls the trigger on its largest acquisition in five years with the addition of Texas-based Partsmaster.
M&A volume hasn’t completely returned to pre-COVID volume, but last month saw decent activity and some multibillion-dollar deals, including two in building materials & construction and one involving a distribution ERP provider.
Following recent purchase of HD Supply Holdings’ White Cap division, private equity firm CD&R makes second big play in distribution with addition of major ERP provider.
MRO distributor MSC Industrial Supply Co. named Kristen Actis-Grande to executive vice president and CFO.
The U.S. Census Bureau on Friday released advance indicators showing that the international trade deficit increased and that wholesale inventories dipped in July.
Richard Landry named to key sales position at Sonepar-owned electrical distributor.
For the second time in two weeks, the building materials and construction sector saw major consolidation with Builders FirstSource Inc.’s Thursday announcement that it would acquire BMC Stock Holdings Inc. in a $2.5 billion, all-stock merger. Here’s what we know about the deal so far.
Packaging products supplier TricorBraun has agreed to acquire Price Container and Packaging, a rigid packaging distributor serving primarily the industrial and food markets.
HARDI members also report Days Sales Outstanding (DSO) — a measure of how quickly customers pay their bills — hit a record low of 39 days during the month.
The decrease in real GDP reflected decreases in PCE, exports, nonresidential fixed investment, private inventory investment, residential fixed investment, and state and local government spending that were partly offset by an increase in federal government spending.
Kaman Distribution Group taps former AD, Applied and Rexnord executive Robert Boyle as its VP of supply chain.
Combined company will account for more than $11 billion in annual sales with expectations of annual cost synergies of $130 million to $150 million by the third year.
For the last six months, distributors have been dealing with an unprecedented disruption to their sales and business operations. The abrupt arrival of hurricane season is another reminder of the need for robust supply chain planning and an airtight disaster mitigation plan.
Increase of manufactured durable goods is third in a row following the double-digit growth in May and high-single-digit growth in June, which had been preceded by two decreases during the height of the coronavirus crisis.
Distributor sales continued to display strength in August beyond the normal month-ending uptick Indian River Consulting saw to close out July.
Illinois-based electrical supplier Hartland Controls taps electrical controls industry veteran Mark McGough as its new president and CEO.
Latest data shows a 36.3% spike in home sales from the same month a year ago, giving distributors that sell building materials and other construction materials some much-needed good news.
Electrical distributor grows into branch that’s 50% larger than current facility, which the company had operated since 2017.
Ludwig Meister took an uncommon path on its digital journey, beginning with the backend processes and then focusing on the front-facing, sales-friendly site. CEO Max Meister explains why.
