Wesco said it expects organic sales and operating margin to grow in 2025.
The new order includes a rule requiring foreign steel and aluminum material to be processed within North America.
The company expects to cut costs via a significant downsizing of its physical footprint.
Joining forces with Platinum will give R&B Wholesale additional financial and operational tools to enable growth, company officials said.
Anesa Chaibi, a veteran executive with experience in MRO distribution, was tapped for Global Industrial’s top post.
BDI VP Bill Shepard steps into the role of PTDA President, and Sumitomo CX, Product VP Sara Zimmerman begins Manufacturer Council Chair role.
It will combine the operations of Southwire’s three existing DCs in west Georgia and serve as a logistics hub for customers across the region.
In addition to announcing its forthcoming split, Honeywell reported its 2024 financial results, which showed an increase in 4Q sales and organic growth.
As both sides continue to dig in, get the latest key takeaways from statements shared Feb. 6.
Weather was a considerable headwind during January, but daily sales growth increased following a recent lowpoint in December. See our full breakdown of the monthly figures.
Full year net sales dipped slightly, driven by a decrease in organic sales and partially offset by acquisition-related sales.
The company said it expects EBITDA to expand in 2025 as it pursues a return to historical gross margin of about 35%.
