Ace Hardware Outperformance Encouraging for Building Trades

Record revenues for its fourth quarter and full year provide positive signs for the business going forward. The big national hardware cooperative reported consolidated revenues rose 9.9 percent to $2.5 billion for the three months ending Jan. 3. Total wholesale revenues were $2.3 billion, an increase of 10.0 percent compared to the prior year fourth […]

QXO Latest Deal Continues Its Building Products Ramp-up

With the acquisition of Kodiak as its latest deal, QXO is building on its plan to consolidate the highly fragmented building products industry. Kodiak is being acquired for $2 billion in cash and 13.2 million QXO shares. When the deal was announced, the total size of the transaction was estimated by QXO to be $2.25 […]

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