However, orders rose 1.7% year-over-year.
Ferguson’s 4Q results show a slight sales increase and improved margins, but a full-year decline as the company expects modest 2025 growth.
Gryphon Investors closed its continuation vehicle to infuse new capital into Minneapolis-based distributor Vessco Water.
Combining MDM’s No. 2 and 21 Top Electrical Distributors, it will net Sonepar 23 branches in the southern and southwest U.S. and over 700 associates.
Acquisitions drove sales growth while lower customer activity and adverse weather hurt profitability.
Despite an August uptick that ended four straight months of decline, the latest reading indicated U.S. manufacturing continues to see weak demand.
A Mississippi-based seafood distributor pleaded guilty to conspiring to mislabel seafood and wire fraud in a scheme spanning 2002-2019.
To be purchased from Florida Cancer Specialists & Research Institute, it enhances McKesson’s integrated oncology platform.
The U.S. Federal Reserve Chairman gave his strongest indication yet that the central bank is poised to begin cutting its benchmark interest rate in September.
Cheney significantly expands PFG’s presence in the Southeast U.S., along with a Puerto Rico distributor acquired in July.
The company totaled $227 billion in 2024 sales, up 11% annually.
It enhances the PrimeSource portfolio of branded products and its reach into the home center, lumberyard and specialty retail channels.
