Distribution Industry News

CEO Paul Bay said the company has moved from adoption to performance on the platform, with AI-led sales increasing more than 60% year over year in its largest countries.

The transaction highlights continued investor interest in distributors that offer more than product fulfillment, particularly those with engineering expertise, automation capabilities, and service operations.

“The housing market remains weak as affordability challenges and muted consumer confidence continue to weigh on demand,” CEO Peter Jackson said on the company’s earnings call.

CEO Christopher Pappas said demand strengthened throughout the quarter despite external pressures.

SiteOne, the largest national wholesale distributor of landscape supplies in the U.S., reported a first-quarter loss of $26.6 million, compared with a loss of $27.3 million a year earlier.

For the first nine months of fiscal 2026, revenue rose 17% to $190.6 billion from $162.4 billion in the same period last year.

CEO Neil A. Schrimsher said orders, backlog and sales trends are improving after a prolonged period of delayed maintenance and capital spending.

CEO Phil Gallagher said sales and earnings exceeded expectations, citing demand across core markets and continued focus on cost control and inventory management.

The company said the program is designed to help operators reduce waste, improve efficiency, and identify opportunities to increase traffic and bookings.

Growth in the quarter was also supported by acquisitions. In March, Graybar acquired Broken Arrow Electric Supply, expanding its presence in Oklahoma. The deal marks the company’s 20th acquisition over the past decade.