The results showed a continued slide in year-over-year and sequential sales growth that reflected an industry-wide demand slowdown.
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The company saw a sharp deceleration in daily sales, hampered by weather impacts during the month.
The figures reflected a broader industrial supply demand slowdown, though Grainger's 4Q growth deceleration was less than most public firms that have reported so far. Get our full breakdown here.
SBD's Tools & Outdoor segment drove the overall margin improvement, as Industrial dipped slightly.
October-December Avnet sales fell 5.5% year-over-year in the Americas.
Despite the tense global economic and political climate, Germany-based industrial distributor Würth Group's sales grew by 2.4%.
Organic sales narrowly dipped year-over-year as modest growth in Applied's Service Center segment offset a decline in Engineered Solutions.
See our full breakdown of 3M's 4Q numbers, which showed that roofing granules were the only industrial category to see decent growth.
Fourth quarter sales, profits and margins all edged up from a year earlier, and December daily sales topped November's. Get our in-depth breakdown here.
The company's VP of Strategy and Transformation takes on interim CFO duties while Beacon conducts an external search for a permanent CFO.
The figures signalled a bumpy period for fellow metalworking and MRO supplies distributors.
DSG says it demonstrates confidence in its plan to drive profitable growth, generate long-term returns and create shareholder value.
Meanwhile, about one-third reported decreased gross margins because of supplier price increases and other cost pressures.
The specialty building products distributor GMS said its net sales, income and EBITDA results were ahead of previous expectations.
Waterworks and industrial supplies distributor Core & Main's 3Q earnings increased 0.5% due to acquisitions offset by lower end-market volumes.
Modest year-over-year increases in the previous quarter moved to declines in the company's 2024 first quarter, including a 4.9% organic revenue decline year-over-year.
Based on lower-than-expected DIY sales, partially offset by positive Pro customer comp sales, Lowe's updated its outlook for the year.
When Wesco merged with Anixter in 2020, it took on a margin improvement plan, which may help the company reach its 10% EBITDA margin target.
The company said Pro customers outperformed DIY in the quarter, but by the narrowest margin in quite some time.
Companywide, Wajax said 2023 third quarter revenue was $369.13 million (USD), up 8.3% over the same period in 2022.
