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.

Distribution Strategy Group
Articles by Distribution Strategy Group
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.
Graybar’s robust performance was supported in part by ongoing upgrades to its operations, including an initial rollout of a new enterprise resource planning system.
The U.S. pharmaceutical segment, McKesson’s largest, posted $90 billion in revenue, up 25% from a year earlier.
The company has named Darren Bonnstetter as its new chief executive officer. He succeeds John McNeill, who is stepping down,
In the first half of the year, DXP generated $975.3 million in total sales, up 13.7% from $858.2 million in the prior year.
While the merger took center stage, DNOW reported steady second-quarter and year-to-date financial results, reinforcing its ability to execute in a slower market environment.
Lead times for capital expenditure fell to 173 days in July, while the average lead time for MRO supplies decreased to 44 days.
For the full year, Avnet posted revenue of $22.2 billion, down from $23.8 billion last year.
Revenue at ADI Global Distribution jumped 33% to $1.28 billion, driven by continued demand from commercial customers and contributions from the Snap One acquisition.
CEO D.G. Macpherson notes that Grainger’s global presence has been key to minimizing the risks associated with tariffs.
“We invest in acquisitions with talented associates, unique product offerings, and established customer and manufacturer relationships,” said Ferguson CEO Kevin Murphy.
One bright spot was the company’s cloud-based technology services, which continued to grow steadily as more dental offices adopt modern practice management platforms.