The company's 1.9% YoY growth in the third quarter was a significant slowdown from 2Q’s 10.2% growth.
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Beacon has expanded its branch footprint through nine acquisitions and the opening of 19 new greenfield locations this year.
It's another big week for industrial manufacturer's financial reports. We recap the key figures for seven of them here.
The acquisition of Spokane, Washington-based Edge Construction Supply furthers NEFCO's expansion to the West Coast with nine new locations.
Singer Industrial joined forces with Hotsy Equipment of Colorado and Wyoming headquartered in Greeley, Colorado.
Power transmission distributor Purvis Industries acquired Torque Drives, an industrial distributor of power transmission components and more.
The distributor's $269 million acquistion of Hisco this spring figures to drive big year-over-year gains through the first half of 2024.
WESCO saw year-over-year growth in its CSS and UBS units, while its largest unit — EES — declined.
MCE acquired Georgia-based motor control and drive distributor Applied Industrial Controls and systems integrator Engineered Systems Group.
On a constant currency basis, sales decreased 7.8% year-over-year and decreased 2.9% sequentially, Avnet said in a news release.
Marietta, Georgia-based building products distributor BlueLinx reported a 24% decrease in sales revenue in the third quarter of 2023.
Viscan is a leading supplier of specialized screws, general fasteners and related components.
In its sixth deal of the year, Singer Industrial joined forces with North Carolina-based Viking Hose and Fittings.
The company reported net sales of $4.5 billion, a 21.3% decrease primarily driven by a weaker housing market and commodity deflation.
The planned cash transaction would be funded through available capacity in Greif’s existing credit facilities.
A court found that the company failed to pay affected workers overtime back wages since August 2018 and violated recordkeeping provisions.
The building materials distributor and manufacturer said that 91% of 3Q 2023 revenue came from distribution.
Two of North America's largest JanSan, foodservice and packaging supplies distributors are now one.
The company's Spring 2023 acquisition of office products distributor Indoff powered most of the growth, while volume also improved.
