Meanwhile, the bearings maker posted its 3Q results, made an Australasia acquisition and updated on its Automotive separation.
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The company's WIS unit sale earlier this year drove most of its overall sales decline, while its CSS segment powered narrow organic growth.
The company cited a persistent “broader ecosystem inventory correction” causing a challenging market.
The organic gain outperformed compared to other industrial distributors in the July-September period.
Beacon set a company record for quarterly sales, with acquisitions largely driving year-over-year growth.
The company reported volume growth in key specialty product categories, while price deflation impacted overall sales.
The company is anticipating a negative impact on sales from hurricanes Helene and Milton in its fourth quarter.
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.
