More Deals Likely To Come In Building Products & Distribution -- Market Talk

Dow Jones

07/02

0939 ET - Wedbush expects more M&A in the building materials distribution sector given the underlying market dynamics. Home Depot this week announced it will buy building-products distributor GMS for about $4.3 billion, winning a bidding war with roofing-products distributor QXO. Analyst Jay McCanless notes that the government's monthly new residential sales report shows new residential sales are equivalent to home builder orders. He believes outsized growth among the larger builders is a key reason QXO is focused on buying and improving larger distribution businesses. "Assuming the larger builders continue taking share, we believe those companies will need distribution partners that can increase their scope and scale to service those builders," says McCanless. (denny.jacob@wsj.com; @pennedbyden)

(END) Dow Jones Newswires

July 02, 2025 09:39 ET (13:39 GMT)

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Home Depot this week announced it will buy building-products distributor GMS for about $4.3 billion, winning a bidding war with roofing-products distributor QXO. Analyst Jay McCanless notes that the government's monthly new residential sales report shows new residential sales are equivalent to home builder orders. He believes outsized growth among the larger builders is a key reason QXO is focused on buying and improving larger distribution businesses. \"Assuming the larger builders continue taking share, we believe those companies will need distribution partners that can increase their scope and scale to service those builders,\" says McCanless. (denny.jacob@wsj.com; @pennedbyden) \n</p>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  July 02, 2025 09:39 ET (13:39 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>More Deals Likely To Come In Building Products & Distribution -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nMore Deals Likely To Come In Building Products & Distribution -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2025-07-02 21:39</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     0939 ET - Wedbush expects more M&amp;A in the building materials distribution sector given the underlying market dynamics. Home Depot this week announced it will buy building-products distributor GMS for about $4.3 billion, winning a bidding war with roofing-products distributor QXO. Analyst Jay McCanless notes that the government's monthly new residential sales report shows new residential sales are equivalent to home builder orders. He believes outsized growth among the larger builders is a key reason QXO is focused on buying and improving larger distribution businesses. \"Assuming the larger builders continue taking share, we believe those companies will need distribution partners that can increase their scope and scale to service those builders,\" says McCanless. (denny.jacob@wsj.com; @pennedbyden) \n</p>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  July 02, 2025 09:39 ET (13:39 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU0823434583.USD","symbol_name":"BNP PARIBAS US GROWTH \"C\" (USD) ACC","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2548906518","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2548906518","pubTimestamp":1751463540,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0939 ET - Wedbush expects more M&A in the building materials distribution sector given the underlying market dynamics. Home Depot this week announced it will buy building-products distributor GMS for about $4.3 billion, winning a bidding war with roofing-products distributor QXO. Analyst Jay McCanless notes that the government's monthly new residential sales report shows new residential sales are equivalent to home builder orders. He believes outsized growth among the larger builders is a key reason QXO is focused on buying and improving larger distribution businesses. \"Assuming the larger builders continue taking share, we believe those companies will need distribution partners that can increase their scope and scale to service those builders,\" says McCanless. 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Home Depot this week announced it will buy building-products distributor GMS for about $4.3 billion, winning a bidding war with roofing-products distributor QXO. Analyst Jay McCanless notes that the government's monthly new residential sales report shows new residential sales are equivalent to home builder orders. He believes outsized growth among the larger builders is a key reason QXO is focused on buying and improving larger distribution businesses. \"Assuming the larger builders continue taking share, we believe those companies will need distribution partners that can increase their scope and scale to service those builders,\" says McCanless. (denny.jacob@wsj.com; @pennedbyden) \n\n\n  (END) Dow Jones Newswires\n\n\n  July 02, 2025 09:39 ET (13:39 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}