The company reported strong 4Q and full-year results, driven by sales growth across its business segments and seven acquisitions during 2024.
The company reported an increase in 4Q sales, despite margins and profits declining amid “increased market pressures” and economic uncertainty.
The company said it expects EBITDA to expand in 2025 as it pursues a return to historical gross margin of about 35%.
The longtime MDM steward brings 40 years of industry research experience and perspective to the innovative industrial distributor.
The company reported modest overall 4Q sales and profit growth that outpaced a decline in full-year sales.
With a market size estimated at $907 billion in 2024, the MRO industry continues to be a critical component of the U.S. economy. In this year’s U.S. MRO Market Trends Report, we define a market...
Consumption decreased month-to-month, following a healthy gain in August.
The organic gain outperformed compared to other industrial distributors in the July-September period.
U.S. cutting tool consumption hit $209.3 million in August 2024 amid ongoing market challenges and uncertainty for 2025.
However, orders rose 1.7% year-over-year.
The latest AMT report shows a decrease from May and a 4.2% decrease compared to the same period a year earlier.
CEO D.G. Macpherson noted a “slow, but generally stable” demand backdrop.
