It set a new AD record for revenues in the first three months of the year.
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The fasteners and industrial supplies distributor's 1Q acquisition of Koch Industries helped drive top-line sales growth.
Ahead of Resideo's major acquisition of Snap One that will signficantly expand ADI, the unit saw 1Q volume declines in several categories.
Year-over-year sales turned positive after a prolonged period of decline, while margins, profit and EBITDA all were down.
It’s set to push the distributor’s U.S. datacom and datacenter sales to over $1 billion annually.
It was another deceleration as daily sales declined sequentially vs. March in all three of the company’s geographies and product lines.
It’s already the company’s eighth acquisition announced in 2024.
While sales growth slowed sequentially, it was another record quarter for the electrical and industrial supplies distributor.
Growth in DEWALT and Engineered Fastening was more than offset by lower infrastructure volume and "muted consumer and DIY demand."
Lawson has acquired S&S Automotive, an auto and industrial parts supplier based near Chicago.
The company noted that volume declined year-over-year in all three of its business segments.
Economists had forecasted a monthly gain of 0.3%.
Persistent high inflation led the Fed to maintain its benchmark lending rate at a 23-year high.
The building materials distributor saw healthy year-over-year and sequential improvements in gross margin.
It was a reversion from a March that had seen the first expansion-territory PMI since September 2022.
Sales sequentially decelerated further amid what the company cited as economic softness and lower market demand.
That's down from 5.1% in 4Q, as Global's 2Q23 acquisition of Indoff Inc. continued to inflate its year-over-year results.
Mike Power's addition to ARG Industrial's C-suite puts digital transformation at the core of the hose product distributor's business.
It’s the distribution group’s first acquisition since it was formed by Trive Capital at the end of 2023.
