It follows the company’s president succession this past spring.
The company’s July report showed its first double-digit year-over-year daily sales growth month since January 2023 and another acceleration. How big a factor pricing played is unclear.
Margins were hampered by tariff-driven LIFO headwinds, though daily sales continued to gain momentum, especially in Endless Assortment. Get a full breakdown of Grainger’s 2Q stats.
Four acquisitions in 2024 drove a double-digit sales year-over-year sales increase at Distribution Solutions Group, but underlying organic growth also improved.
MSC Industrial Supply named an interim CFO following the pending departure of Kristen Actis-Grande.
Genuine Parts Company reported modest second-quarter sales growth but lowered its 2025 outlook due to U.S. tariffs and ongoing market uncertainty.
Fastenal posted its strongest monthly sales growth since early 2023, with June daily sales up year-over-year amid solid gains across key markets. See our full breakdown of the company’s June and 2Q results.
The company reported a year-over-year sales decline but sequential improvement, and its March achieved the company’s best average daily sales in 19 months.
Valued at $1.5 billion, the deal is set to result in a PVF and industrial supplies distributor with a combined revenue of around $5.4 billion and more than 350 locations worldwide.
Our highly anticipated annual feature is now available to view and download. Explore our 20 different lists to see distribution’s biggest movers and shakers.
The company’s daily sales considerably accelerated in May, with improved momentum across top end markets and customer segments compared to April. Seen our full breakdown of the monthly figures here.
Motion has opened its first Canadian Conveyance Solutions shop in Calgary to expand service capabilities across Western Canada.
