The fasteners and industrial supplies distributor's 1Q acquisition of Koch Industries helped drive top-line sales growth.
Latest In Earnings
Ahead of Resideo's major acquisition of Snap One that will signficantly expand ADI, the unit saw 1Q volume declines in several categories.
Year-over-year sales turned positive after a prolonged period of decline, while margins, profit and EBITDA all were down.
It was another deceleration as daily sales declined sequentially vs. March in all three of the company’s geographies and product lines.
Beacon's increase in residential and non-residential roofing product sales were primarily due to higher volumes driven by strong demand.
While sales growth slowed sequentially, it was another record quarter for the electrical and industrial supplies distributor.
Growth in DEWALT and Engineered Fastening was more than offset by lower infrastructure volume and "muted consumer and DIY demand."
Lawson has acquired S&S Automotive, an auto and industrial parts supplier based near Chicago.
The company noted that volume declined year-over-year in all three of its business segments.
The building materials distributor saw healthy year-over-year and sequential improvements in gross margin.
Sales sequentially decelerated further amid what the company cited as economic softness and lower market demand.
That's down from 5.1% in 4Q, as Global's 2Q23 acquisition of Indoff Inc. continued to inflate its year-over-year results.
The company's largest segment saw organic sales fall 1.5% in the Americas, though operating profit saw a healthy improvement.
The company also is acquiring a 13-branch distributor in France.
The distributor’s organic sales topped expectations and the company continues to grow its automation presence.
The HVACR distribution giant also detailed its ongoing technology transformation.
Wisconsin-based tool manufacturer Snap-on posted 1Q24 sales of $1.18 million, a modest organic sales decline.
Motion continued to see sales growth and strong renewal rates with corporate account customers, which comprise about 45% of business.
The distributor frequently cited adverse weather in its 1Q report, while poor demand remains the core issue as pricing has stabilized.
