The MRO supplies distributor promoted from within for its supply chain VP and northeast customer experience VP positions.
It follows the company’s president succession this past spring.
Both energy sector supplies distributors saw little movement year-to-year, but strong results compared to 1Q of this year.
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.
Parent company Resideo raised its full-year guidance after hitting a company record for 2Q sales.
Michael Knight rejoins the company where he spent 18 years before leading fasteners distributor Endries International.
The hardware products distributor’s net sales increased to $402.8M, led by growth in the hardware & protective and robotics & digital product categories.
Ferguson’s fiscal 2025 netted nine acquisitions in all, with combined revenues of approximately $300 million.
It took a year to finalize, but the deal doubles the size of Bosch’s Home Comfort business, significantly expanding its presence in the U.S. and Asia.
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.
Watsco delivered company-record 2Q gross profit despite a slight dip in sales, driven by tech-driven strategic pricing and other initiatives.
Core organic sales had another mid-single digit decline year-over-year while net profit sunk by nearly half from a year earlier.
