News

The latest goings on we've gathered from across the electrical industry.
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Electrical Marketing's Leading Economic Indicators - 7/26/2024 Update

July 25, 2024
New building permits, AIA architectural billings and the Conference Board's Leading Economic Indicators.
Emerson

People On the Move - July 26, 2024

July 25, 2024
Execs from Emerson, Graybar, JM Eagle, OmniCable, Atkore and Agilix are in the news.
Electrical Pricing Trends & 2024 Midyear Outlook

Electrical Pricing Trends & 2024 Midyear Outlook

July 25, 2024
Episode 100 of the Today’s Electrical Economy podcast sponsored by ChampionFiberglass offers an update on electrical product pricing trends and a sneak preview of the 2024 Mid...
Sonepar

Sonepar Buys Echo Electric Supply

July 25, 2024
Sonepar plans to acquire Echo Electric Supply Co., Council Bluffs, IA. Family-owned and operated since 1950, Echo Electric supplies electrical parts, equipment and services to...
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Quanta Services Buys Cupertino Electric in $1.54-Billion Deal

July 25, 2024
Cupertino Electric provides integrated turnkey solutions, including engineering, procurement, project management, construction and modularization services to a diverse customer...
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Electrical Marketing's Leading Economic Indicators - 7/25/2024 Update

July 25, 2024
New building permits, AIA architectural billings and the Conference Board's Leading Economic Indicators.
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Electrical Wholesaling/Vertical Research Partners 2Q 2024 Survey Offers Insight Into Sluggish Market Conditions

July 25, 2024
Q2 2024 sales were up +3.4%, a fraction better than in Q1 2024.
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Electrical Price Index Moves Up +0.4% in June 2024

July 25, 2024
On a year-over-year basis, Power Wire & Cable (+15.5%) and Building Wire & Cable (+11.2%) registered the largest increases.
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Electrical Market Sales Potential Increases +3.6% According to EM 2Q 2024 Data

July 25, 2024
This quarter's numbers for many local areas reflect some softness in demand.
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Electrical Marketing - July 26, 2024

July 25, 2024
Check ou the latest sales estimates at the metro and state level in today's issue.
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Electrical Marketing's Database of M&As - July 26, 2024

July 11, 2024
Electrical Marketing's M&A database had more than 600 deals dating back to the 1990s.
New York Stsate Governor's Office

ACPA Sees $65 Billion in Spending on Offshore Wind Projects by 2030

July 11, 2024
There are currently 12 gigawatts (GW) of projects with active offtake agreements, including 4GW under active construction at Vineyard Wind, Revolution Wind, and Coastal Virginia...
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Hot Electrical Stocks & a Deep Dive into the Latest Construction Data

July 11, 2024
Episode #99 of the Today's Electrical Economy Podcast series looks at the publicly owned electrical stocks showing the most growth in 2Q 2024 and the hottest segments of the constructio...
Meta/Facebook

Meta/Facebook Announces Plans for $800-Million Data Center in Wyoming

July 11, 2024
The project is expected to employ more than 1,000 construction workers and eventually 100 full-time workers. Fortis Construction will be the general contractor.
Service Wire

People On the Move Update - July 12, 2024

July 11, 2024
Check out the latest promotions and hires at Service Wire, RESA Power, Schaedler YESCO and U.S. Motors.
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Mayer/Rexel USA  to buy Southeastern Florida’s Electrical Supplies 

July 11, 2024
This acquisition expands Mayer’s footprint into the growing Miami-Dade market.
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NEMA’s EBCI Indexes for Current & Future Conditions Point to Solid Growth in June

July 11, 2024
The majority of respondents, 69%, report that current conditions are “unchanged” and 23% percent report current conditions are “better.”
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May Construction Spending Maintains Solid Pace with +6.4% YOY Increase Over May 2023

July 11, 2024
The May figure is +6.4% above the May 2023 estimate of $2,011.8 billion.
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Sonepar and EECOL/Wesco Acquire Large Canadian Independent Distributors

July 11, 2024
As in the United States, mergers and acquisitions have transformed the Canadian electrical market, with many of the same large distributors acquiring independent, family-owned...
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Electrical Stocks Turn in Decent Stock Performance in 2Q 2024 Report

July 11, 2024
The stocks of publicly held contractors beat the S&P Index in Q2 2024.
Jim Lucy

Electrical Marketing - July 12, 2024

July 11, 2024
Electrical market M&As and winners and losers in EM's 2Q 2024 Electrical Stock Index.