Builders FirstSource Executive Vice President Dave Rush has been appointed interim CEO while a search for a permanent successor is conducted.
Latest In Featured Breaking News
The distributor has also enacted a handful of other cost-cutting actions as homebuilding has soured throughout 2022.
See what the association had to say about the initial results of Nov. 8's midterm elections, many of which were very polarizing.
Sales growth was slower than in 2Q, but Grainger remains on pace to finish 2022 strong.
It marks the fifth acquisition in the past three years for Martin, and its fourth in the Hoosier State.
Sales growth at Motion Industries narrowly outpaced that of 2Q, with organic sales driving the majority of it, alongside a continued boost from Kaman Distribution Group.
The metalworking and MRO supplies distributor's fiscal year ended Sept. 3, and its strong momentum bodes well for the greater industrial supplies market.
It was another quarter of double-digit sales and profit gains for the industrial supplies distributor, which saw softening demand and tougher year-over-year comparables.
The deal comes after IR’s $3.59B offer to buy SPX outright was rejected in July 2021.
The MRO products giant's annual Investor Day event outlined the company's three-year performance projections, which include continued strong sales growth.
The new website unites the legacy of recently-acquired automation intelligence and comes seven months after MotionAi was launched.
Among other cuts, the company says it is reducing flights and closing 90 office locations after projecting major revenue shortfalls.
The eCommerce giant was also sued Sept. 14 by the State of California for violating anti-trust and unfair competition laws.
The partnership places an F550 Fuel Cell Prototype Chassis Work Truck in service with Ferguson’s daily fleet operations for six months.
Rahi is a global information technology solutions provider with more than 40 offices and 900 employees across 25 countries.
It adds approximately $200 million in revenue and 900 employees to Timken.
Sellers can use the new service to store and distribute their inventory within Amazon's fulfillment network.
The lawsuits accuse 3M and a subsidiary of selling faulty combat earplugs that damaged the hearing of veterans who used them.
It marks the first acquisition for Tencarva since it was privately-acquired in November 2021.
An expert says lawsuits filed by veterans who blame hearing issues on defective earplugs could bankrupt the company, but 3M calls the interpretation ‘flawed speculation,’ according to Bloomberg.
