MSC reorganized its sales territories, streamlined its sales organization, and introduced new performance metrics aimed at increasing productivity.
For the first nine months of fiscal 2026, revenue decreased 9.3% to $474.3 million from $522.8 million during the same period last year.
Employment across manufacturing, wholesale trade and transportation and warehousing was little changed during the month, indicating that many industrial sectors remain in a holding pattern despite signs of improving customer demand reported by several distributors in recent weeks.
ADI becomes an independent distributor with a business focused on professionally installed low-voltage products.
For distributors, the report points to continued strength in industrial demand entering the second half of the year.
For distributors, the report points to continued inventory replenishment as companies position themselves to meet customer demand while navigating shifting trade flows and evolving tariff policies.
The acquisition advances QXO’s strategy of building a technology-enabled products distribution company with $50 billion in annual revenue through acquisitions and organic growth.
For the first nine months of fiscal 2026, MSC generated net sales of $2.931 billion, an increase of 5.0% from $2.791 billion during the same period last year.
More than 2,000 restaurant operators use the 86 Repairs platform to manage equipment repairs and maintenance, according to the company.
The survey of 122 distributor members, conducted in April, found that 65% reported first-quarter sales increased at least 3% from a year earlier.