The MRO distributor’s High-Touch Solutions segment logged a modest year-over-year sales decline, while Endless Assortment saw double digit growth.
Stanley Black & Decker implemented a high-single digit price increase on U.S. tools in April, with plans to introduce a second price increase effective the beginning of the third quarter.
Sales in the Americas and EMEA were down YoY and sequentially, while sales in Asia increased substantially.
Graybar reported its highest first-quarter net sales ever and its third-best sales for any quarter in its history.
Though comparable sales declined year-over-year, the gap narrowed sequentially as EBITDA margin had a considerable jump from 4Q.
Fastenal posted its strongest monthly sales growth since early 2023, with March daily sales surging year-over-year despite margin 1Q margin pressure. See our full breakdown of the company’s March and 1Q results.
The company reported a decline in 2Q sales, impacted by a challenging operating environment and a cautious outlook despite progress in initiatives.
The company secured an economic development grant to expand its headquarters to Plano, TX, creating approximately 300 jobs in the region.
The company announced a leadership transition for its CEO and CFO, alongside its 4Q financial results, which highlight strong sales growth and increased gross profit.
The company reported a decline in 2024 sales, but remains optimistic about a 2025 rebound, driven by growth in gas utilities, product pricing and new market opportunities.
Ferguson reported a solid sales increase in its November-January quarter, driven by organic and acquisition growth, offset by commodity price deflation and lower operating margins.
The company reported strong 4Q and full-year results, driven by sales growth across its business segments and seven acquisitions during 2024.
