Mentions of reshoring were substantially more common in 1Q earnings calls compared to a year earlier. What are the factors driving the hype?
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The sales decline was within expectations, according to Ferguson.
Net sales decreased 1.5% over last year, but increased 49.2% compared with the first quarter of fiscal 2021, the company said.
It was the distributor's weakest daily sales growth month since June 2021.
Known as Wesco Aircraft until 2020, the company looks to right-size its debt amid reduced demand and ongoing litigation.
The OEM foodservice equipment parts distributor expects its exponential growth to continue in 2023.
Lowe’s reports a more positive outlook on Pro customer sales as projects shrink and Pros work through backlogs.
The company reported sales of $253.8 million for its fiscal fourth quarter, which ended March 31.
Despite a decline in sales, Lowe's saw its earnings increase thanks to the February sale of its Canadian retail unit.
Lumber deflation and unfavorable weather drove The Home Depot’s earnings in the first quarter of 2023 below expectations.
After a strong fiscal 2022, DXP is off to a fast start in 2023.
The New York-based health care products distributor made acquisitions in Australia and Brazil.
PFG's total case volume grew 3% for a second straight quarter.
Sequentially, the foodservice distributor's net sales were roughly flat when compared to 4Q 2022.
See the key financial figures reported by three major industrial manufacturers and distributors.
See the key financial figures reported by five major industrial distributors.
Despite a sales decline in 1Q, Regal Rexnord CEO Louis Pinkham has high hopes for the manufacturer following its acquisition of Altra Industrial Motion.
The company reported 1Q 2023 revenue of approximately $2.52 billion, a slight increase compared with $2.4 billion reported in 1Q 2022.
Parent company Resideo Technologies noted that ADI's eCommerce channel grew 17% during the quarter.
The oilfield products distributor's 1Q growth far outpaced that of the global rig count, powered by sales in the U.S. and international.
