The company’s organic sales declined by 3.3% year-over-year, while SRS Distribution contributed $1.3 billion in 2Q net sales.
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Through a new report and an interview with someone close to QXO, MDM gleaned insights about which building materials verticals the splash-making distributor is targeting.
Year-over-year sales declined by 1.6% after an increase in 1Q sales and organic growth.
Growth continued to slide across all geographies, product segments and customer end markets.
Missing economists' expectations, June was dragged down by both public and private construction.
Kodiak expands into the Pacific Northwest with the acquisition of Thomas Building Center, which has been in business since 1972.
The investment looks to restore, reconstruct and repair 13 major bridges in 16 states.
The milestone comes during the cooperative's centennial anniversary.
The lawsuit alleges fraudulent practices and discrimination against the construction machinery manufacturer.
White Cap expands its North Central presence with the acquisition of B&R reinforcing, adding to its construction solutions.
Watts has been with Fastenal since 1996 and has led its sales operations since May of last year.
Weak fastener sales continue to weigh on overall results, though the company indicated that customer acquisition efforts remain encouraging.
Beacon expands its roofing supply footprint with the acquisition of Roofers Mart
As its eighth acquisition since 2022, the deal expands NEFCO’s branch network to 41 U.S. locations.
Spending unexpectedly fell in May, dragged down by private construction.
The distributor saw sequential improvement in 4Q as volume growth across major product lines was partially offset by steel price deflation.
The company says the deal allows it to better serve the “complex purchase occasion” and establishes it as a leading specialty trade distributor across multiple vehicles.
Tim Cantu joins construction equipment distributor Gee Heavy Machinery to oversee its sales team and help develop sales strategies.
Year-to-date, spending is pacing strong at 10.9% above the first four months in 2023.
The company is set to separate its electronics and water businesses from its industrial unit.
