WESCO saw year-over-year growth in its CSS and UBS units, while its largest unit — EES — declined.
On a constant currency basis, sales decreased 7.8% year-over-year and decreased 2.9% sequentially, Avnet said in a news release.
August’s growth was considerably revised upward, from 0.5% to 1.0%, according to new data from the Census Bureau.
Marietta, Georgia-based building products distributor BlueLinx reported a 24% decrease in sales revenue in the third quarter of 2023.
‘Economic activity expanded at a strong pace in the third quarter,’ the central bank said in a statement Nov. 1.
The company reported net sales of $4.5 billion, a 21.3% decrease primarily driven by a weaker housing market and commodity deflation.
It followed two straight months of improvement, retracting further into contraction territory.
A court found that the company failed to pay affected workers overtime back wages since August 2018 and violated recordkeeping provisions.
The building materials distributor and manufacturer said that 91% of 3Q 2023 revenue came from distribution.
The company’s Spring 2023 acquisition of office products distributor Indoff powered most of the growth, while volume also improved.
It’s another week for industrial manufacturers’ financial reports. We recap the key figures for thee of them here.
It gains Offen a strong foothold to continue growing in the Texas and surrounding markets.
