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HARDI reports a revenue increase for distributors in June, despite fewer billing days compared to last year.
While anecdotal evidence points to industry improvement in hiring and retention, we polled hundreds of distributors about their turnover rate over the past year across leadership/management and frontline roles.
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It's MCE's 14th bolt-on since the start of 2023.
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.
Rexel reported sales in North America remained flat with some improvement, offset by challenging market activity in Europe.
It’s the latest economic indicator that demand remains subdued in the U.S. manufacturing sector.
The company said customer destocking and the delay of capital projects clearly impacted its 2Q results.
