Distribution segment volume, price and M&A each increased year-over-year, though volume was less than anticipated.
Latest In Building Materials/Construction
Beacon has made nine acquisitions so far in 2024.
Year-over-year sales declined by 1.6% after an increase in 1Q sales and organic growth.
US LBM now runs 18 locations in Florida including this latest acquisition.
Beacon said pricing and organic volumes drove about 3% combined sales growth during the quarter.
It completes a years-long corporate transition for the distributor of plumbing, HVACR, PVF and industrial supplies.
Missing economists' expectations, June was dragged down by both public and private construction.
See who Kodiak has promoted to succeed current CIO Brad Becker upon his retirement at the end of the year.
Northeast Specialty Insulations, Inc. gains a supplier to the composite insulation industry.
Beacon expands its partnership with EagleView — an aerial imagery, software and analytics provider — to enhance its eCommerce platform.
Kodiak expands into the Pacific Northwest with the acquisition of Thomas Building Center, which has been in business since 1972.
QXO's latest private placement funding includes $150 million from Jared Kushner’s Affinity Partners.
The addition of the Maryland-based commercial door, frame and hardware distributor complements Cook & Boardman's existing offering.
The milestone comes during the cooperative's centennial anniversary.
White Cap expands its North Central presence with the acquisition of B&R reinforcing, adding to its construction solutions.
Beacon expands its roofing supply footprint with the acquisition of Roofers Mart
API expands US LBM’s structural component manufacturing capabilities to better serve its customers across the Midwest.
BFS continued its westward expansion with the acquisitions of Western Truss and CRi SoCal.
Spending unexpectedly fell in May, dragged down by private construction.
Door, frame and hardware distributor The Cook & Boardman Group expands coverage in the northeast with three new material distributors.
