The company totaled $227 billion in 2024 sales, up 11% annually.
The distributor’s full-year total sales increased 1.5% year-over-year, while 4Q sales remained flat.
The distributor’s recent acquisition of Snap One accounted for $45 million of the company’s 2Q sales of $959 million.
The distributor said recovery from the fall 2023 cyberattack has been slower than expected, which continues to weigh on sales growth.
Growth continued to slide across all geographies, product segments and customer end markets.
Beacon said pricing and organic volumes drove about 3% combined sales growth during the quarter.
The company said customer destocking and the delay of capital projects clearly impacted its 2Q results.
As expected, DSG’s organic sales declined compared to a year ago but sequential improvement was driven by increased sales in many end markets.
A healthier residential end market and an increase in average selling price bolstered Watsco’s total 2Q sales to $2.1 billion.
Year-over-year sales and profit continued to slide at MRO supplies distributor Motion, though not as much as in 1Q.
Weak fastener sales continue to weigh on overall results, though the company indicated that customer acquisition efforts remain encouraging.
The company updated corrective actions it’s taken in the wake of complexities in MSC’s web pricing realignment rollout from earlier this year, which directly weakened sales and profits.
