Three grand prize winners will receive $10,000 each, while the individuals who nominated them will receive $500.

The $8.8 billion deal will strengthen Lowe’s professional contractor offerings, expand its geographic footprint, and integrate advanced digital capabilities.

AppDirect, a B2B commerce platform, is approaching $1 billion in gross annual recurring revenue, underscoring the growing influence of digital marketplaces in distribution.

Looking ahead, ScanSource said it expects fiscal 2026 sales between $3.1 billion and $3.3 billion.

Lowe’s said the deal will strengthen its “Total Home” strategy, which centers on capturing more of the $250 billion professional construction and remodeling segment.

By applying machine learning to optimize routing and inventory, Home Depot is offering faster job-site delivery.

Amazon said product availability in industrial equipment, scientific supplies, healthcare, and facilities maintenance has expanded 25% over the past year.

GMS’s more than 300 branches would be integrated with SRS’s national network, giving Home Depot control of over 1,200 locations.

The operations will be managed under Capstone’s new business unit, Capstone West Territory (CWT).

Under the agreement, Capstone will pay between $3.9 million and $4.7 million for Carolina Stone.

CEO Neil Schrimsher said fiscal 2025 was a “meaningful year” as the company delivered solid sales, earnings, and cash generation.

The retailer last week withdrew and refiled its merger notice with the U.S. Department of Justice, resetting the antitrust review period until Aug. 22.

For the full year, sales reached $4.56 billion, up 1.9% from $4.48 billion in fiscal 2024.

For the first six months of 2025, revenue totaled $1.92 billion, compared with $27.6 million in the first half of last year.

Here’s a recap on how the biggest public distributors of industrial supplies and MRO products are dealing with the ever-changing conditions of industry tariffs.

The company has eliminated 13,000 SKUs in Europe this year to reduce product complexity and is expanding its salvage business.

For the full fiscal year 2025, Cardinal Health’s revenue totaled $222.6 billion, down 2% from $226.8 billion in fiscal 2024.

The threat of a recession also eased, with only 36% of CEOs expecting one within 12 to 18 months.

ODP’s business solutions division, which serves mid-sized and large companies, generated $859 million in revenue in the quarter, a 6% decline from last year.

Financial terms were not disclosed, and the transaction remains subject to regulatory approval and customary closing conditions.