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MSC Appoints Interim CFO Amid Resignation, Gives Daily Sales Update
Following the pending departure of Executive Vice President and Chief Financial Officer Kristen Actis-Grande, MSC Industrial Supply has promoted Greg Clark to interim CFO. Actis-Grande The metalworking...
View ArticleStanley B&D Says Tariffs Had a 3-Point Gross Impact in 2Q as Sales Slid
Tools and outdoor products maker Stanley Black & Decker reported its second-quarter 2025 financial results on July 29, reporting a modest year-over-year sales decline driven by a slower outdoor...
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Honor Foods Boosts Southeast Network with New Orlando DC
Foodservice redistributor Honor Foods opened a new distribution center in Kissimmee, FL, expanding the company’s presence in the Southeast and its product availability. The 156,000-square-foot DC will...
View ArticleRetooling Distribution for Digital: Turning Strategy Into Action
Digital transformation doesn’t happen by accident. In the third and final installment of our series, we lay out a practical roadmap for building internal buy-in, piloting new technologies and scaling...
View ArticleGlobal Industrial’s 2Q Sales & Margins Accelerate
Industrial and MRO parts distributor Global Industrial Company reported its 2025 second quarter financial results on July 29, showing an increase in sales year-over-year despite ongoing market...
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First Estimate: 2Q U.S. GDP Rebounded with 3.0% Gain
U.S. economic growth rebounded considerably during 2025’s second quarter amid tariff trade swings after a modest 1Q decline, according to data released July 30 by the Commerce Department. The Bureau of...
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Resideo to Spin Off ADI Global Distribution Unit
Resideo is set to undergo a major transformation over the next year by divesting its ADI Global Distribution unit which comprises the majority of the company’s business. Scottsdale, AZ-based Resideo —...
View ArticleBaker Hughes Buying Chart Industries in $13.6B Deal
Houston, TX-based oilfield services provider Baker Hughes is set to acquire Chart Industries’ in a $13.6 billion that significantly expands the former’s presence in the liquid natural gas market. The...
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IMF Raises Global Economic Outlook as Trade Tensions Ease
In its latest quarterly forecast update, the International Monetary Fund (IMF) slightly raised its global growth forecasts for 2025 and 2026. Shared July 29, IMF’s report projects worldwide economic...
View ArticleFed Leaves Interest Rate Unchanged for Fifth Straight Time
The U.S. Federal Reserve again maintained its benchmark interest rate following its latest Federal Open Markets Committee (FOMC) meeting on July 30 — largely expected, but in a split decision that...
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Union Pacific, NS Merger to Unify Link in U.S. Industrial Supply Chain....
In a move that would create a transcontinental railroad from east-to-west coast and could reshape how construction materials, industrial chemicals and other commodities move across the country, Union...
View ArticleU.S. Wholesale Inventories Reverse Course with June Uptick
The U.S. Census Bureau released its advance statistics for international trade, wholesale inventories and retail inventories for June on July 29, showing a rebound in wholesale inventories following a...
View ArticleWesco 2Q Sales Expand but Margin Dips Further
Electrical supplies distributor Wesco reported its 2025 second quarter results on July 31, which showed an organic sales growth jump year-over-year, continuing a trend from the past several quarters,...
View ArticleAcquisitions Drive DSG 2Q Sales Jump, but Organic Also Improves
MRO, OEM and industrial technology products provider Distribution Solutions Group reported its 2025 second quarter financial results on July 31, highlighted by a considerable increase in year-over-year...
View ArticleAnother Tough Quarter for Builders FirstSource as Sales, Margin & EBITDA Slide
Builders FirstSource reported its 2025 second quarter financial results on July 31, which showed a continued decline in sales and margins against a weak housing market. The Irving, TX-based company...
View ArticleBlueLinx 2Q Sales Improve as Margins Fall
Building products distributor BlueLinx reported its 2025 second quarter financial results on July 29, showing a modest increase in year-over-year sales while margins declined. The Atlanta-based company...
View ArticleWatsco 2Q Sales Slide, but Margin Expands
Miami-based Watsco — North America’s largest HVACR products distributor — reported its 2025 second quarter financial results on July 30, showing a slight decline in sales, while net profit increased to...
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Midland Industries Acquires Cerro Brass in St. Louis
Kansas City, MO-based PVF redistributor and manufacturer Midland Industries — a portfolio company of Gemspring Capital — acquired Cerro Brass from Cerro Flow Products. Terms of the transaction were not...
View ArticleJuly M&A Roundup: Deal Volume Climbs, But Continues to Trail 2024 Pace
Distributor M&A activity held steady July for a solid but still below average month, highlighted by transactions in the Building Materials, Gases & Welding and Motion Control sectors. Get a...
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GME Supply Appoints Former NAPA Exec to Lead Product Management
Safety and productivity equipment distributor GME Supply appointed John Molidor as Vice President of Product Management. John Molidor Molidor has over ten years of experience in distribution. He most...
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