The latest AMT report showed a slight decrease from April but a 1.8% increase compared to the same period a year earlier.
Weak fastener sales continue to weigh on overall results, though the company indicated that customer acquisition efforts remain encouraging.
The first in this three-part Premium series examines the state of electrical supplies distributor Wesco International, how it got to this point and the strategic pillars powering the organization.
Here’s the condensed, free version of the first in a three-part Premium series that examines the state of Wesco International and the strategic pillars powering the organization.
Source Atlantic had 2023 fiscal sales of about $183 million USD.
It moves the merger another step closer to completion, expected later this year.
The company updated corrective actions it’s taken in the wake of complexities in MSC’s web pricing realignment rollout from earlier this year, which directly weakened sales and profits.
The company also acquired a Canada-based JanSan distributor earlier in June.
PMA said its members report a general sense of uncertainty over industrial demand, the election outcome, and whether tariffs will increase.
It marks the 17th branch location for Mobile, AL-based TFI.
The two companies had combined revenue of just over $20 million in 2023 and have 58 employees.
Accelerated diversification amongst product verticals has complicated our Top Distributors process in recent years, while also making it increasingly fascinating, as this piece explains.
