Strong Revenue Growth
First quarter revenue reached $478 million, marking a 14.9% increase compared to the year-ago quarter. Organic average daily sales growth was 4.3%.
Successful Acquisitions Impact
The company completed five acquisitions in 2024, contributing significantly to the revenue, with $51 million from these acquisitions.
EBITDA Margin Improvement
Adjusted EBITDA for the first quarter grew to $42.8 million, an increase of 18.6% over the prior year, with the EBITDA margin rising to 9%, up 30 basis points from the year-ago period.
Lawson Products Sales Force Expansion
Lawson Products increased its sales reps from 830 to 910, with a goal of reaching 1,000 by the second half of 2025.
Gexpro Services Performance
Gexpro Services reported a net margin of 12.6%, an improvement over the previous quarter's 11%.