Acquisitions and greenfields powered strong volume growth, and the distributor bolted-on its second company in 2024.
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From its modest origins in 1934, MRO distributor Martin Supply has expanded its footprint to encompass 48 distribution centers and sites.
A pull-back in DIY spending, flat Pro customer sales and unfavorable January winter weather impacted Lowe's comparable sales numbers.
Dragged down by building materials and supplies, it followed a 0.3% increase in December.
Driven by a sharp decline in commercial aircraft orders, it was the sharpest one-month drop since April 2020’s 19.3%.
Thirty-three major work stoppages began in 2023, the most since 2000 when there were 39, according to the U.S. Bureau of Labor Statistics.
The AI-powered platform is designed for distribution and manufacturing firms to streamline their returns, repairs and warranties management.
The company agreed to 19 acquisitions during 2023, respresenting a total investment of $593 million.
However, the year-over-year sales declines improved throughout the year and were down only 4.7% in the fourth quarter.
The 12 candidates, all current Grainger board members, will be voted on at the 2024 annual meeting of shareholders.
Ownership of Grand Rapids, MI-based surface enhancement solution distributor SurfacePrep is switching hands after tripling in size.
The Power Transmission Distributors Association added a bearings distributor, a manufacturer and an associate to its membership.
Gary Michel fills a vacancy on Global Industrial's board left by Thomas Suozzi, who resigned after being elected to the U.S. House.
Building Materials Distribution sales improved 3% year-over-year during 4Q, a stark improvement from a 15% decline in 3Q.
A decrease in BlueLinx's 4Q23 sales reflects a decline in specialty and structural product sales, primarily driven by price deflation.
In 2023, the distributor paid down $160 million of debt and reduced inventory by $100 million while maintaining fill rates above 94%.
Atlanta-based packaging distributor Veritiv added Vivabox Solutions to bolster its existing kitting and assembly capabilities.
Texas A&M University will offer one STAFDA member a scholarship towards earning their master's degree in industrial distribution.
CEO Ted Decker noted that 2023 was "a year of moderation" for the DIY and contractor supply retail giant.
Steven Leavengood will lead supply chain consulting firm Tompkins' business development and sales team.
