The company's year-over-year daily sales growth accelerated after several months of decline, powered by sales to manufacturing customers.
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While overall construction input prices rose slightly from February, they were 0.9% lower than in March 2022.
Pete Eppele advises on how to re-consider cost-plus pricing models, examine customer-specific pricing and reduce over-discounting.
On a year-over-year basis, industry employment has grown by 196,000 jobs, an increase of 2.5%, according to a recent report.
Private nonresidential spending was up 0.7%, while public nonresidential construction spending was down 0.2% in February.
It was a deceleration from January's 11.2% growth, but another solid month nonetheless.
Despite the decline in January, backlog remains elevated by historical standards and is 0.1 months higher than in February 2020.
Construction job openings also increased by 82,000 in December, according to an Associated Builders and Contractors analysis.
Though solid, sales and profit growth were considerably smaller than the previous several quarters.
It marks the end of the iconic "Stan the STAFDA Man" logo that served as the face of the association since 1977, though the new look is fairly similar.
Construction input prices fell 0.9% in November but remain 40% ahead of February 2020 pre-pandemic levels.
After surpassing its pre-pandemic level in September, backlog is now back below the reading observed at the start of the pandemic, according to ABC.
The construction industry had 422,000 job openings in September, according to an Associated Builders and Contractors’ analysis.
Beacon will create a new specialty waterproofing division as a result of the acquisition.
Construction input prices dipped 0.1% in September compared to the previous month but remained 41% ahead of February 2020 pre-COVID levels.
Backlog is once again above the level observed at the start of the pandemic, according to the Associated Builders and Contractors.
Valley Supply's six locations in Washington state will join White Cap's portfolio.
Hydrologic and its 12 locations in Florida will join the Winsupply family of companies.
Continued strong sales growth means the third quarter will likely be another windfall fiscal period for most industrial distributors.
Sales were up at least 20% year-over-year in all four of the company’s key product categories, though gross margin took a dip.
