Distribution Industry News

For the full fiscal year, MSC reported net sales of $3.77 billion, a 1.3% decline from fiscal 2024’s $3.82 billion.

Co-owner Nick Giorgio said the company is “moving forward” with renewed focus and determination to strengthen its presence in the fastener industry.

Roger Farmer joins the company with more than three decades of experience scaling multi-location distribution and building-supply operations.

The decision is part of a long-term strategy to concentrate resources on opportunity.

The Austin hub underscores McLane’s intent to weave automation, AI, and advanced analytics into every aspect of its business.

Two-thirds of organizations said they are using AI-powered chatbots or virtual agents in customer contact centers.

Industrial sales climbed to $2.3 billion, up 4.6% year over year.

Jahida Nadi joined MSC as senior vice president of sales.

CenterPoint said the divestiture supports its strategy to concentrate on larger markets in Texas, Indiana, and Minnesota.

U.S. distributors are heading into third-quarter earnings season with a clear divide.