Exports dropped for a 4th straight month amidst continued weakness in foreign demand, according to China’s General Administration of Customs.
Net sales for 2022 increased 4.2% to $1.49 billion, compared with $1.43 billion in the prior-year period, Hillman reported.
The deceleration was expected after Ferguson posted 16.6% year-over-year sales growth in 1Q.
It was a deceleration from January’s 11.2% growth, but another solid month nonetheless.
Fiscal 2023 4Q revenue was $125.1 million, up 11% from $112.4 million in fiscal 4Q 2022, the company said.
Net sales increased 7% year-over-year in 3Q, down significantly from 2Q sales growth of 24.4%.
The acquisitions come a month after Imperial Dade added Fresno, California-based Focus Packaging & Supply and 14 deals announced in 2022.
Changes also include a newly redesigned logo, new website and a complete building renovation, the company announced.
The acquisition brings Colony Hardware to nearly 60 locations across the U.S.
The group is expected to provide customers with services and solutions including comprehensive data center lifecycle management.
Despite 4Q net sales dropping 10.8% from the prior year, full-year 2022 net income was $337.9 million, the company said.
JG Tucker & Son has been a distributor of safety products in the Los Angeles area since 1929.
