Company announces two promotions in waterworks leadership positions.
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The company reported a loss of $3.8 million in the first quarter.
CEO: Company adding "seasoned executives" to leadership team.
Company reports profit of $29.5 million for the quarter.
President: Drones can't deliver five-ton condensing units.
Distributor buys Custom Lighting & Hardware and Lighting Unlimited.
Profit decreases 23.2 percent to $117.1 million in the first quarter.
Company adds trio of groundwater distributors to portfolio
Kevin Fancey joins Wolseley senior management team.
New CEO, company name highlight big changes for UK distributor.
Sales up 24.5 percent in fiscal half year.
Mike Swedick will also lead MORSCO's waterworks division.
Henrik Elmin replaces Mats Rahmstrm as division's top executive.
Fluid power sector sees consolidation as top distributors acquire growth.