Rexel reported that positive momentum in North America slightly offset the softer conditions in Europe, notably in the company’s electrification segment.
Wesco said it expects organic sales and operating margin to grow in 2025.
In addition to announcing its forthcoming split, Honeywell reported its 2024 financial results, which showed an increase in 4Q sales and organic growth.
Weather was a considerable headwind during January, but daily sales growth increased following a recent lowpoint in December. See our full breakdown of the monthly figures.
Full year net sales dipped slightly, driven by a decrease in organic sales and partially offset by acquisition-related sales.
The company said it expects EBITDA to expand in 2025 as it pursues a return to historical gross margin of about 35%.
The company continued to see organic growth that outpaced market averages, ending the year with strong margin gains.
The company reported two of its three segments showing an increase in revenue, while the departure of Optimum impacted its Pharmaceuticals segment.
Applied’s total sales declined year-over-year, but acquisitions drove most of the increase while foreign currency translation negatively impacted sales.
The company reported modest overall 4Q sales and profit growth that outpaced a decline in full-year sales.
The company ended the year with its worst daily sales growth month since mid-pandemic, though quarterly growth still accelerated. See our thorough breakdown of Fastenal’s full year, fourth quarter and December results.
The figures showed a decline in sales driven by lower volumes, partially offset by acquisition benefits and a stronger than expected November.
