Ferguson locations nationwide have joined Trimble’s digital pricing and procurement network to further digitize the construction supply chain.
Earnings
Article
Prelim Core & Main 3Q Results Shows Flat Sales, Profit Dip
The company estimated that net sales for the quarter were between $1.822 billion and $1.832 billion.
Earnings
Article
Fastenal Daily Sales Growth Slows to 1.9%
The growth was below Fastenal’s benchmark 3.1% rate that the company provided in its 3Q earnings presentation.
Mergers & Acquisitions
Article
DXP Enterprises Acquires Alliance Pump in Missouri
With a single location and nine employees, Alliance serves customers in chemical, water/wastewater, municipal and general industrial markets.
Association/Buying Group News
Article
PTDA Details its 2023 Award Winners
PTDA named Chris Bursack as the 32nd recipient of its Warren Pike Award for lifetime achievement in the PT/MC industry.
Economic Trends
Article
HARDI Distributors’ September Revenues Slide 4%
The annual sales growth for the 12 months through September 2023 is 3.5%.
Earnings
Article
NOW Inc. 3Q Sales Slow to 2% Growth
The company’s 1.9% YoY growth in the third quarter was a significant slowdown from 2Q’s 10.2% growth.
Mergers & Acquisitions
Article
Beacon Acquires H&H Roofing, Posts 3Q Results
Beacon has expanded its branch footprint through nine acquisitions and the opening of 19 new greenfield locations this year.
It’s another big week for industrial manufacturer’s financial reports. We recap the key figures for seven of them here.
Electrical
Article
Wesco 3Q Sales up 3.6%, Lowers Outlook as Margins Dip
WESCO saw year-over-year growth in its CSS and UBS units, while its largest unit — EES — declined.
Earnings
Article
Avnet 1Q Sales Down 6.1%, but Net Profit Improves
On a constant currency basis, sales decreased 7.8% year-over-year and decreased 2.9% sequentially, Avnet said in a news release.
Economic Trends
Article
September U.S. Construction Spending up 0.4% from August
August’s growth was considerably revised upward, from 0.5% to 1.0%, according to new data from the Census Bureau.

