Both energy sector supplies distributors saw little movement year-to-year, but strong results compared to 1Q of this year.
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.
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DNOW reported an increase in sales during 1Q, improved profitability and continued growth through acquisitions, and followed with an April bolt-on in Singapore.
The company reported higher sequential sales in 1Q25 despite a year-over-year decline, with gains across all sectors.
Graybar reported its highest first-quarter net sales ever and its third-best sales for any quarter in its history.
Ferguson expanded its North American footprint with the acquisitions of Massachusetts-based Independent Pipe & Supply and Toronto-based National Fire.
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 an increase in 4Q sales, despite margins and profits declining amid “increased market pressures” and economic uncertainty.
DNOW’s earnings show strong U.S. and Canada sales growth, but a decline in international performance, with the company projecting flat-to-modest growth for 2025.
They’ll be the 10th and 11th deals in 2024 for the infrastructure and industrial supplies distributor.
Ferguson’s 4Q results show a slight sales increase and improved margins, but a full-year decline as the company expects modest 2025 growth.
