Distribution Industry News
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Watsco Sales Grow 34% in 1Q 2022
Sales for the HVACR distributor were $1.52 billion in the first quarter.
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New South Construction Supply to Acquire American Contractors Supply
American Contractors Supply is an Atlanta-based distributor and supplier of tilt-up products.
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Rexel 1Q Sales Up 21.6% in North America
Global sales for the electrical distributor were up 16% on a same-day basis.
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The Home Depot Announces Leadership Changes
Matt Carey has been named Executive Vice President of Customer Experience, and Fahim Siddiqui has been named EVP and Chief Information Officer.
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Pool Corporation Reports First-Quarter Sales Up 33%
Healthy contractor backlogs continued to drive sales growth.
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Border States to Acquire Advance Electrical Supply Co.
Advance Electrical Supply is based in the Chicago area and is focused primarily on construction markets.
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Motion Industries 1Q Sales Up 33.6%
Industrial sales have increased 17.9% since Genuine Parts Company acquired Kaman Distribution Group.
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March Housing Starts Up 3.9% Year Over Year
Building permits in March were up 6.7% year over year.
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U.S. Industrial Production Up 8.1% for First Quarter
Capacity utilization climbed to 78.3% in March.
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Summit Electric Supply Names New Vice President of Operations
Dwayne Roberts has joined the electrical distributor. Previously he was with Graybar.