How did the public distributors (and manufacturers relevant to this space) perform in the calendar fourth quarter? Our recap provides highlights of their revenue and earnings results.
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Ferguson invested $224 million in acquisitions during the first half of fiscal 2021.
The company also saw net income dip 15.7% compared to 2019, due primarily to a non-cash pension settlement charge.
MRO and industrial distributor DXP Enterprises Inc. posted a loss of $28.8 million in the year, but the company also completed some acquisitions in 4Q.
Fastenal’s reported daily sales for the month also were up 1.5% versus a year as its sales mix continues to return to normal.
Building materials distributor BlueLinx Holdings also reported that fourth-quarter sales improved 41% to $865 million from the year-ago quarter.
Building materials distributor Huttig Building Products Inc. reported fourth-quarter sales of $184.6 million, a 2.3% increase over the prior-year period.
Dallas-based building materials distributor Builders FirstSource, fresh off the acquisition of BMC Stock Holdings, said fourth-quarter sales climbed 43.5%.
But the fourth quarter could prove to be a turning point for Lawson, which saw sales soar 10.8% to $98.1 million in the period.
Systemax, the parent of Global Industrial, also reported fourth-quarter sales jumped 23.3% to $273.9 million.
Lowe’s reports fourth-quarter revenue grew 26.7% to $20.3 billion.
Landscape supply distributor SiteOne Landscape Supply Inc. also reported that revenue grew 26% in the fourth quarter.
For the fourth quarter, the big-box retailer — and now the owner of distributor HD Supply — reported sales grew 25.1% to $32.3 billion.
PPG completes addition of VersaFlex, a manufacturer specializing in polyurea, epoxy and polyurethane coatings for water and waste water infrastructure, flooring, transportation infrastructure and industrial applications
Auburn Bearing & Manufacturing president says the acquisition “aligns with our strategy to expand our product offerings.”
NOW Inc., which reported a loss of $427 million for the year, also saw revenue sink 45.1% in in 2020.
Genuine Parts Co., the parent of Motion, reported that the distributor’s 4Q sales of $1.4 billion were down 3.3% year-over-year and represented 34% of the company’s revenues in the period.
Miami-based HVACR distribution giant Watsco sees 2021 as optimal for ramping up existing growth drivers in hopes of continuing at its record-setting pace.
In the fourth quarter, sales decreased 24.4% as the company also reported a loss of $11 million in the period.
For the fourth quarter, sales were up 7.7% from same period in 2019 as company posted profit growth for both the quarter and the full year.
