The distributor said recovery from the fall 2023 cyberattack has been slower than expected, which continues to weigh on sales growth.
As its 13th U.S. DC, it’s the first for Dot to open with a Family Heath Center.
Growth continued to slide across all geographies, product segments and customer end markets.
Beacon said pricing and organic volumes drove about 3% combined sales growth during the quarter.
It completes a years-long corporate transition for the distributor of plumbing, HVACR, PVF and industrial supplies.
It’s the latest economic indicator that demand remains subdued in the U.S. manufacturing sector.
The company said customer destocking and the delay of capital projects clearly impacted its 2Q results.
As expected, DSG’s organic sales declined compared to a year ago but sequential improvement was driven by increased sales in many end markets.
CEO D.G. Macpherson noted a “slow, but generally stable” demand backdrop.
The beverage alcohol distributor is set to add Horizon Beverage Group alongside numrous ongoing sales, digital and supply chain investments.
A healthier residential end market and an increase in average selling price bolstered Watsco’s total 2Q sales to $2.1 billion.
The Supply Chain Council, backed by business and labor groups, aims to protect the supply chain and advance public policy.
