The Days Sales Outstanding, a measure of how quickly customers pay their bills, was 40 days at the end of July 2021.
Category: Industry Events
Builders FirstSource Acquires California TrusFrame for $179.5M
Builders FirstSource Inc. (Nasdaq: BLDR), Dallas, on Thursday announced it has acquired California TrusFrame LLC (CTF), a California-based producer of value-added building products, for $179.5 million. Established in 1982, CTF is led by President and CEO Shawn Overholtzer, who will be joining Builders FirstSource along with the rest of its employees upon closing, and operates […]
HARDI Distributors Report ‘Modest’ 9.3% Revenue Increase in July
Heating, Air-conditioning & Refrigeration Distributors International (HARDI), Columbus, Ohio, released its monthly TRENDS report on Thursday, which showed the average sales performance by HARDI distributors increased 9.3% in July after posting an increase of 22.1% in the prior month. The average annual sales growth for the 12 months through July was 17.2%. “9.3% growth looks […]
Tips for Inspecting, Maintaining Today’s High-Efficiency Boilers
Popular high-efficiency boilers tend to be more expensive at installation, but lower utility bills pay customers back over time.
GMS’ 1Q Sales Improve 30%
On Thursday, GMS Inc. (NYSE: GMS), Tucker, Georgia, reported first-quarter sales of $1 billion, which marked a 29.8% increase over the same quarter a year ago. The company’s net income was $61.2 million, or $1.39 per share, compared to $27.2 million, or $0.63 per share, last year. Adjusted EBITDA of $128.1 million increased 54.2% in […]
Fred Stockert Appointed as President of CoolSys Commercial and Industrial Solutions
Stockert will report directly to Chief Operating Officer Chris Schulken
Troubleshooting Puzzle: A Heat Pump That’s Not Heating Enough
In this troubleshooting situation, the equipment is a package unit heat pump that isn’t properly heating the customer’s home.
ASA’s monthly sales report shows upward trend beginning to level off
Respondents to ASA’s monthly sales report registered a 15.4% change in average sales for July 2021 vs. July 2020. July 2021 vs. June 2021, respondents reported a median sales decrease of -5.7%.
Motion & Control Enterprises Acquires Instrument Associates
Industrial distributor Motion & Control Enterprises, a Zelienople, Pennsylvania-based portfolio company of the private equity firm Frontenac Co., on Wednesday announced it has acquired Instrument Associates Inc. (IA), Alsip, Illinois. Financial terms of the deal weren’t disclosed. IA is a full-service, stocking distributor of products and solutions for instrumentation (including fittings, valves and tubing), steam […]
Motion & Control Enterprises Acquires Instrument Associates
Industrial distributor Motion & Control Enterprises, a Zelienople, Pennsylvania-based portfolio company of the private equity firm Frontenac Co., on Wednesday announced it has acquired Instrument Associates Inc. (IA), Alsip, Illinois. Financial terms of the deal weren’t disclosed. IA is a full-service, stocking distributor of products and solutions for instrumentation (including fittings, valves and tubing), steam […]
In an E-Commerce World, Content is King
During the salad years of the dot.com bubble, an oft repeated phrase was “content is king,” before the bubble popped. That phrase has taken on new meaning as distributors work to populate their burgeoning e-commerce sites with advanced product content for ease of use and increased sales. At the recent AD eCommerce Summit in Maryland, […]
US LBM Acquires Mid-Cape Home Centers
Building materials distributor US LBM, Buffalo Grove, Illinois, on Wednesday announced it has acquired Mid-Cape Home Centers, a South Dennis, Massachusetts-based building products and home improvement company with six locations in the southern coastal region of Massachusetts. Financial terms of the deal weren’t disclosed. Mid-Cape Home Centers traces its roots back to 1895. Today it […]
ISM: Manufacturing Sector Grows Slightly in August
Economic activity in the manufacturing sector continued to grow in August as the overall economy grew for the 15th consecutive month, according to the nation’s supply executives in the latest Manufacturing ISM Report On Business. The August Manufacturing PMI registered 59.9%, which was an increase of 0.4 percentage point from the July reading of 59.5%. “The New […]
SKF Acquires Lubrication Filtration Business
Swedish bearings manufacturer SKF has acquired EFOLEX AB, a Gothenburg, Sweden-based manufacturer of the Europafilter-branded industrial lubrication and oil filtration systems. Financial terms of the deal weren’t disclosed. EFOLEX offers offline filtration systems used in process manufacturing and energy industries. It currently has approximately 10 employees. “In addition to being an interesting stand-alone product, the […]
DSG Acquires Montana Waterworks & Irrigation
Dakota Supply Group on Wednesday announced the acquisition of Montana Waterworks & Irrigation, Billings, Montana, in an asset purchase effective Sept. 1. Financial terms of the deal weren’t disclosed. Montana Waterworks is a waterworks distributor serving Eastern Montana from its Billings location. This will be DSG’s first waterworks location in the state. The current owner, […]
Several HVAC Companies Report Record Second Quarter Results
Demand from consumers and commercial clients resulted in most publicly traded HVAC-related businesses reporting strong results in the second quarter.
L&W Supply Appoints 12 Branch Managers to its Managing Partner Program
L&W Supply Corp., Chicago, recently announced the induction of 12 branch managers into its Managing Partner Program. The program is highest level of achievement for the company’s branch managers and places them in positions of leadership at L&W Supply. To be picked as a managing partner, the branch managers “have met rigorous standards in the […]
L&W Supply Appoints 12 Branch Managers to its Managing Partner Program
L&W Supply Corp., Chicago, recently announced the induction of 12 branch managers into its Managing Partner Program. The program is highest level of achievement for the company’s branch managers and places them in positions of leadership at L&W Supply. To be picked as a managing partner, the branch managers “have met rigorous standards in the […]
MACC Hosts “Passing the Torch” Meeting
MACC will host its feature presentation titled “Passing the Torch” on Thursday, October 7, at Westbury Manor.
XOi and Nexstar Network Announce Partnership
The partnership will provide education directly to field service technicians through XOi’s Vision app.
