This week, we extend our previews to MRO. (Past previews include: hospitality services, building products, machinery and industrials.) Our learnings on Building Products are:
- We expect organic volume softer for HD (FQ), in-line for FERG (CQ), and stronger for FAST (July sales).
- From a macro perspective, we are seeing an accelerating environment on a 2-yr basis when excluding housing-related end markets.
