The company reported a slight increase in sales to $1.1 billion, driven by acquisitions, offset by mixed demand trends.
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Although sales decreased, the full-year gross margin increased by 70 basis points compared to the previous year, reaching 41.2%.
The IMF projects a decrease in global inflation while predicting slower 2025 economic growth in the U.S. and other regions.
HCI has formed Driven Distribution Group via acquiring Chicago Parts & Sounds, a distributor of auto parts and accessories.
The company’s 3Q results showed stronger unit sales and digital growth, despite slight decreases in gross and operating margins.
PTDA and BSA expanded PIE, a product information platform for industrial manufacturers and distributors, to 32 offerings.
The appointments are aimed at driving growth and transformation within the company through strong leadership, effective Jan. 1.
Rexel posted modest U.S. sales growth, reflecting strong performance in core electrical distribution despite weather-related challenges.
The tentative agreement omits a traditional pension plan while Boeing contends with workforce reductions and financial restructuring.
The report shows a decline in housing units and starts, despite a slight increase in single-family authorizations.
PTDA strengthened its support for distributors in the power transmission sector with the addition of ComInTec, UNIMEC and BearingBank.
Following statements from Orgill and the Hardlines Distribution Alliance, Do it Best reassured True Value retailers of its commitment to stability and support.
The company appointed a 25-year industry veteran to the newly-created role.
Following a solid August gain, September saw a decrease in production, driven by decreases in manufacturing, mining and utilities.
The company appointed a new President for its North Division, effective Jan.1, as the current president transitions to Executive VP and CCO.
The new Americas leader is a 28-year Rockwell veteran.
U.S. cutting tool consumption hit $209.3 million in August 2024 amid ongoing market challenges and uncertainty for 2025.
The company promoted a former Advance Electrical Supply owner to drive the company's growth strategy through strategic acquisitions.
Germany-based Ferdinand Gross Group is a distributor of fastening technology, with additional operations in Hungary and Poland.
The PVF distributor plans to repurchase its preferred stock for around $361 million, and shared its preliminary 3Q24 financial results.
