BOWIE, Md. — Despite the negative impact of COVID-19 on business activity, IMARK Group’s verticals grew 7.9% 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. The synergies and scale of IMARK Group’s 1,600+ wholesalers and 6,500+ locations are delivering industry-best programs and services to its members.
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IMARK Group: Steve Ruane at (301) 281-8118 or email email@example.com.Tagged with financial results, IMARK