Major organic sales decline and deflation continued to slam the building products distribution giant in 2Q.
Latest In Building Materials/Construction
Year-to-date construction spending through the first half of the year was up 3.0% vs. 2022.
Structural connector and building solution manufacturer Simpson recorded consolidated net sales of $597.6 million, an increase of 0.7% YoY.
Mark Garboski will continue to report to Kodiak CEO Steve Swinney, and will develop long-term strategic plans.
The distributor said the facility will stock drywall, acoustical ceilings, fiberglass insulation and spray foam.
Total year-over-year sales growth of 5.9% was a sharp slowdown compared to 1Q, as daily sales slowed in each month during the quarter.
Applico outlines the most developed B2B vertical in eProcurement, its top SaaS providers and how distributors can take advantage.
The CHIPS and Science Act and the Inflation Reduction Act are linked to the recent rise in construction spending, according to the WSJ.
While overall construction spending rose, nonresidential construction spending decreased for the fist time in nearly a year.
Building product distributor BlueLinx Holdings has appointed Tricia Kinney as General Counsel and Corporate Secretary, effective July 31.
OrePac will establish Pacific Manufacturing and Logistics to operate a moulding and millwork products manufacturing facility in Oregon.
BlueLinx's expanded collaboration with Louisiana-Pacific Corp. will bring siding and prefinished solutions to the Southeast Region.
Building products distributor Beacon opened two new locations as part of its plans to further expand its specialty waterproofing division.
It marks Beacon’s fifth acquisition so far in 2023.
The program caters to professionals in the construction and industrial space, according to a news release, and will take place March 12-14, 2024.
Sherwood Lumber has acquired MAWL, a Baltimore-based building products distributor.
A leading distributor of concrete accessories in central Pennsylvania, Tri-Boro has branches in Dallastown and Carlisle.
The decline in sales was primarily driven by a weak housing market that has plagued the building materials and construction industries for the past year.
Home Lumber is GMS's fourth acquisition of 2023.
The acquisition gives L&W Supply its ninth location in Indiana.
