London-based electrical supplies distributor RS Group reported its 2024/25 half year financial results on Nov. 7, showing a decline in sales year-over-year for its Americas segment.

For its first half of the fiscal year spanning April 1 to Sept. 30, 2024, RS posted Americas of $486.3 million, a 5% decrease from the first half of 2023/24. Excluding the exchange rate and the impact of trading days, total sales were down 3%.

The company’s Americas gross margin decreased 0.7-percentage-points year-over-year, reflecting competitive pricing pressure, offset by favorable exchange rates in RS’ Risoul unit (acquired in 2022).

Americas operating profit of $45 million on a 9.3% margin was down from the first half of 2023/24 — $50.5 million on a 9.8% margin.

RS’ Americas segment was No. 28 on MDM’s Top Distributors List for Electrical/Data/Security supplies.