The company achieved company records for 4Q and annual sales despite October-December daily sales growth that was half of the previous quarter.
The approved contract details cleared up questions on port automation, which was a major sticking point throughout negotiations.
Global Industrial’s 2024 sales increase was predominantly driven by its 2023 acquisition of Indoff, though decelerating in the back half.
Builders FirstSource has appointed two industry leaders with experience in technology and eCommerce to its board, effective March 1.
Home Depot reported an improvement in customer demand in 4Q as the company broke a same-store decline in sales which persisted over the past two years.
Ohio-based Flighttime Enterprises and three employees face federal charges for illegally exporting aircraft parts to Russia, violating export restrictions and using false certifications to evade sanctions.
A proposed new port fee on some ships could mean added costs passed down to distributors through higher freight rates.
Both companies also acknowledged how many Beacon shares have been tendered as of Feb. 24 and gave opposing views on what it says about the offer.
Bosch Tool’s former CEO has taken the same role at L.S. Starrett, succeeding Douglas Starrett.
First Supply CEO warns that expiring tax provisions from the 2017 Tax Cuts and Jobs Act could threaten small businesses, jobs and community investments.
Indiana-based distributor Franklin Electric enhances its market reach in Latin America with the addition of Barnes de Colombia, and in Australia with submersible pump OEM PumpENG.
Resideo Technologies reported strong Q4 and full-year financial growth, driven by a sales increase in its ADI unit and the integration of Snap One.
