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Home » IMARK Group Achieves 7.9 Percent Growth in Q1 2020

IMARK Group Achieves 7.9 Percent Growth in Q1 2020

May 22, 2020
IMARK Group Achieves 7.9 Percent Growth in Q1 2020

Despite the negative impact of COVID-19, IMARK Group’s verticals grew 7.9 percent in the first quarter of 2020. IMARK Group’s shareholders are the members of four industry-leading cooperatives: IMARK Electrical, IMARK Plumbing, Luxury Products Group, and BLUE HAWK. All four cooperatives reported increases in gross revenue and net income in the first three months on a YOY basis. Each vertical passed along the additional net income to its member-owners in their Q1 patronage dividends.

IMARK Group is a federated cooperative of electrical, plumbing, decorative bath, kitchen and lighting, and HVACR wholesalers. It is the largest member-owned, member-governed, and financially transparent network of business-to-business wholesalers. The synergies and scale of IMARK Group’s 1,600-plus wholesalers and 6,500-plus locations are delivering industry-best programs and services to its members.

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