The year-over-year sales decline widened from that of 2Q24, driven by weaker Multi-Family results.
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Tracer Tools is a distributor of professional marking products and tools for the construction industry, primarily serving England.
California Janitorial Supply is a distributor of janitorial supplies in the Silicon Valley and the greater San Jose market.
It expands NEFCO's operations to 59 locations across 28 states and enhances its next-day delivery capabilities for contractors.
Valley Supply is a distributor of concrete accessories, fabricated rebar, chemicals and safety products serving infrastructure markets.
The company announced the opening of a distribution center in Dallas and the appointment of new President and CEO, effective Sept. 30.
Ascent specializes in data center facility and property management, offering solutions for data center operations in the U.S. and Canada.
Optimum was a top customer whose contract expired at the end of June. Excluding that, 1Q sales saw double-digit annual growth.
Another busy month has 2024's activity far ahead of 2023's year-to-date, highlighted by True Value's planned sale to Do it Best Corp.
The company raised its outlook for operating margins, driven by strong performance in its Aerospace Systems segment.
Acquisitions earlier in 2024 and prior accounted for a healthy annual sales gain, emphasizing the strategic expansion of its customer base.
Meanwhile, the bearings maker posted its 3Q results, made an Australasia acquisition and updated on its Automotive separation.
Sterling Heights, MI-based D.F. Burnham is a distributor of hydraulic and pneumatic components.
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.
