The company’s biennial Grainger Show customer event perfectly demonstrated how the distributor is hyper-focused on customer solutions — just one of which is its expansive product assortment.
The distributor saw healthy 4Q organic growth, too, with comparable sales up 5.1% excluding GIC’s May 2023 acqusition of Indoff.
Acquisitions and greenfields powered strong volume growth, and the distributor bolted-on its second company in 2024.
The company agreed to 19 acquisitions during 2023, respresenting a total investment of $593 million.
Hear from Ferguson’s CFO on its growth strategy and the acquisitions keeping the plumbing and industrial distribution giant in the headlines.
However, the year-over-year sales declines improved throughout the year and were down only 4.7% in the fourth quarter.
It will divest the industrial MRO unit out of Wesco, while considerably bolstering Vallen’s product and services offerings.
The ISA24 conference is rapidly approaching on April 15-17 in Charlotte, NC. As a primer, we chatted with CEO Brendan Breen on what to expect from the agenda, what he’s hearing from ISA members and...
A decrease in BlueLinx’s 4Q23 sales reflects a decline in specialty and structural product sales, primarily driven by price deflation.
In 2023, the distributor paid down $160 million of debt and reduced inventory by $100 million while maintaining fill rates above 94%.
CEO Ted Decker noted that 2023 was “a year of moderation” for the DIY and contractor supply retail giant.
Following his three-part article series, we had John Gunderson on the podcast for a deeper dive into Fastenal’s move from a company dependent on a nationwide branch network to one that emphasizes embedded customer service.
