News
Latest
Breaking news in Wholesale Distribution
Beacon set a company record for quarterly sales, with acquisitions largely driving year-over-year growth.
The company is set to enhance its presence in Louisiana with a new facility that is expected to create around 20 jobs.
It decelerated from 2Q, reflecting a downturn in private inventory investment and residential fixed investment.
The company reported volume growth in key specialty product categories, while price deflation impacted overall sales.
The company is anticipating a negative impact on sales from hurricanes Helene and Milton in its fourth quarter.
Sales in both its Electronic Components and Farnell business units declined by double digits.
The new facility is set to offer specialized handling for sensitive products available by early 2025.
The company attributed its decline in sales to a challenging demand environment and continued softness in its core customer base.
While a tentative wage agreement ended a strike in October, the parties are still divided on key issues, such as port automation.
Stoney Creek Hydraulics is a manufacturer of hydraulic and pneumatic cylinders and offers repair services to its customers.
