The company is set to separate its electronics and water businesses from its industrial unit.
It was another deceleration as daily sales declined sequentially vs. March in all three of the company’s geographies and product lines.
Beacon’s increase in residential and non-residential roofing product sales were primarily due to higher volumes driven by strong demand.
Originally announced this past July, the deal was valued at $960 million.
We update on where Ferguson is at in its MDC rollout plan that will place smaller distribution centers closer to pro customers in major metro areas.
The distributor frequently cited adverse weather in its 1Q report, while poor demand remains the core issue as pricing has stabilized.
Mike Hockett and Craig Webb break down the key details of the combination, why it makes sense for Home Depot and why this was likely the long-term play for SRS all along.
Mike Hockett analyzes different angles of this $18.25 billion megadeal in building materials distribution and the questions it raises for the markets it touches.
Building product distributor SRS Distribution will operate as an independent business unit within The Home Depot and focus on Pro customers.
Building Products distributor Cameron Ashley has added 28 greenfield locations and five acquisitions in the past 5 years.
Acquisitions and greenfields powered strong volume growth, and the distributor bolted-on its second company in 2024.
However, the year-over-year sales declines improved throughout the year and were down only 4.7% in the fourth quarter.
