The company is anticipating a negative impact on sales from hurricanes Helene and Milton in its fourth quarter.
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Sales in both its Electronic Components and Farnell business units declined by double digits.
The company attributed its decline in sales to a challenging demand environment and continued softness in its core customer base.
The company attributed the profit decrease to continued investments in its business transformation.
The company's overall sales decrease was attributed to SBD's Infrastructure divestment earlier this year, and lower consumer demand.
QSC is a manufacturer of large, transformative audio, video and control solutions.
The company reported a slight increase in sales to $1.1 billion, driven by acquisitions, offset by mixed demand trends.
Although sales decreased, the full-year gross margin increased by 70 basis points compared to the previous year, reaching 41.2%.
The company’s 3Q results showed stronger unit sales and digital growth, despite slight decreases in gross and operating margins.
3M reported a 1.0% year-over-year increase in organic growth.
Rexel posted modest U.S. sales growth, reflecting strong performance in core electrical distribution despite weather-related challenges.
Year-over-year sales and profit continued to slide at Motion, reflecting challenges in the industrial sector.
The company also announced a cost reduction program that includes cutting 1,800 jobs.
Get a complete breakdown of the distributor's September and 3Q financials, which point to a demand uptick for the industrial supply sector.
Ferguson’s 4Q results show a slight sales increase and improved margins, but a full-year decline as the company expects modest 2025 growth.
Though still soft by Fastenal’s historical standards, August was a rebound from July. Get MDM's full breakdown here.
Acquisitions drove sales growth while lower customer activity and adverse weather hurt profitability.
GMS' organic sales declined in 1Q25, and it added Florida-based R.S. Elliot Specialty Supply earlier in August.
Cheney significantly expands PFG's presence in the Southeast U.S., along with a Puerto Rico distributor acquired in July.
The company totaled $227 billion in 2024 sales, up 11% annually.
