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.
U.S. manufacturing activity contracted for a fifth straight month in July, as the PMI fell below expectations to its lowest figure since October 2024.
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.
The rebrand unifies Commerce’s three key offerings under one brand, while the partnership aims to reduce delays, minimize errors and accelerate revenue.
The National Association of Wholesaler-Distributors has challenged the constitutionality of a mandate which creates “unreasonable, arbitrary and crushing” burdens on distributors in Oregon. Get all the crucial details here.
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.
Four acquisitions in 2024 drove a double-digit sales year-over-year sales increase at Distribution Solutions Group, but underlying organic growth also improved.
