It ends a four-month public standoff between the two companies and marks another milestone acquisition in the building materials distribution sector.
The company reported a decline in 2024 sales, but remains optimistic about a 2025 rebound, driven by growth in gas utilities, product pricing and new market opportunities.
Ferguson reported a solid sales increase in its November-January quarter, driven by organic and acquisition growth, offset by commodity price deflation and lower operating margins.
Beacon has also postponed its Investor Day that was scheduled for March 13.
To further court Beacon investors to tender their shares into QXO’s buyout offer, QXO’s founder and CEO wrote to sympathize and level with Beacon staff.
The company reported strong 4Q and full-year results, driven by sales growth across its business segments and seven acquisitions during 2024.
DSG reported strong 4Q and full-year sales growth for 2024, driven by acquisitions and continued expansion across various markets.
The company reported a major February increase in daily sales growth, following a modest rebound in January and a three-year low in December. See our full breakdown of the monthly figures.
The company reported an increase in 4Q sales, despite margins and profits declining amid “increased market pressures” and economic uncertainty.
QXO re-extended its all-cash tender offer, with Brad Jacobs challenging the Beacon board’s resistance. Beacon issued a prompt response.
More than a handful of companies on MDM’s Top Distributors Lists garnered the reputation-based honor from Fortune.
Manufacturers of metalformed products moderated their February economic outlook, with a dip in optimism and steady forecasts for orders and shipping levels, according to a PMA report.
