Weak fastener sales continue to weigh on overall results, though the company indicated that customer acquisition efforts remain encouraging.
The distributor saw sequential improvement in 4Q as volume growth across major product lines was partially offset by steel price deflation.
The company says the deal allows it to better serve the “complex purchase occasion” and establishes it as a leading specialty trade distributor across multiple vehicles.
The company is set to separate its electronics and water businesses from its industrial unit.
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.
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 Products distributor Cameron Ashley has added 28 greenfield locations and five acquisitions in the past 5 years.
SBD’s Tools & Outdoor segment drove the overall margin improvement, as Industrial dipped slightly.
Fourth quarter sales, profits and margins all edged up from a year earlier, and December daily sales topped November’s. Get our in-depth breakdown here.
Mike Hockett extracts commentary from a panel discussion between STAFDA distributors, manufacturers and rep agents.
