The industrial distributor reported mixed full-year results with revenue growth of 3.8%, but faced profit declines and margin pressures amid challenging market conditions, particularly in residential markets.
The industrial distribution company has announced that several non-employee directors have purchased shares in the company through dividend reinvestment arrangements.
The industrial distributor has closed nine acquisitions in the past fiscal year, adding $300 million in annualized revenues and strengthening its capabilities in HVAC, water and wastewater treatment, and municipal markets.
The industrial distribution company has been named to the prestigious Fortune 500 list, reflecting its impact on the North American construction market.
The major industrial distributor reported robust Q3 results, with sales up 4.3% and adjusted operating margin expanding to 9.4%. The company also raised its full-year guidance, signaling confidence in its business outlook.
The major industrial distributor will report its third quarter results and host a conference call on June 3.
The industrial distributor reports share purchases by three non-employee directors as part of their dividend reinvestment arrangements.
The industrial distributor has acquired two companies to expand its commercial and fire & fabrication businesses in the Northeast US and Canada, leveraging its scale and expertise.
The industrial distribution company has granted share options to key executives as part of its employee incentive plan.