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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.

The drop was concentrated on durable goods, which saw orders fall 9.3% in June.

The Dallas-based electrical distributor, part of the UK-headquartered City Electrical Factors, is now in its sixth consecutive year of growth in the region.