U.S. manufacturers’ seasonally adjusted after-tax profits in the third quarter of 2021 totaled $254.6 billion, up $5.2 billion from the $249.4 billion recorded in the second quarter of 2021, and up $118.4 billion from the $136.2 billion recorded in the third quarter of 2020, according to a report released by the U.S. Census Bureau. Seasonally […]
Category: 3Q 2021
Lowe’s 3Q Sales and Earnings Up
Lowe’s Companies, Inc. (NYSE: LOW), Mooresville, North Carolina, reported 2021 third-quarter net earnings of $1.9 billion and diluted earnings per share (EPS) of $2.73, compared to net earnings of $692 million and diluted EPS of $0.91 in the third quarter of 2020. Excluding charges in the prior-year period related to the extinguishment of debt, 3Q […]
Home Depot 3Q Sales Increase
The Home Depot Inc. (NYSE: HD), Atlanta, Georgia, reported 2021 third-quarter sales of $36.8 billion, an increase of $3.3 billion, or 9.8% from the same period last year. Comparable sales for the third quarter of fiscal 2021 increased 6.1%, and comparable sales in the U.S. increased 5.5%. Net earnings were $4.1 billion, or $3.92 per […]
MRC Global 3Q Sales Up
Pipes, valves and fittings distributor MRC Global Inc. (NYSE: MRC) of Houston reported 2021 third-quarter sales of $685 million, a 17% increase over the same quarter last year. The company reported $686 million in sales in 2021’s second quarter. MRC Global’s U.S. segment experienced modest growth, led by the downstream, industrial and energy transition sector, […]
US Foods 3Q Sales Rise
US Foods Holding Corp. (NYSE: USFD), Rosemont, Illinois, had net sales of $7.9 billion in the third quarter of 2021, a 34.9% leap over the same period a year ago. Total case volume increased 18.5%, while gross profit increased 27.4% to $1.2 billion. Net income available to common shareholders was $55 million, US Foods said. […]
Builders FirstSource Sales Up 62.7%
Dallas-based building materials distributor Builders FirstSource, Inc. (NYSE: BLDR) reported 2021 third-quarter net sales of $5.5 billion, a 62.7% increase over the same period in 2020. The company also reported $613.1 million in net income, a record for Builders FirstSource. Gross profit for 2021 3Q was $1.7 billion, driven by the company’s merger with BMC […]
WESCO Reports ‘Record’ 3Q
WESCO International Inc. (NYSE: WCC), Pittsburgh, Pennsylvania, had “record” 2021 third-quarter sales of $4.7 billion, a 14.2% increase over the same period last year. The company also reported record operating profit of $229.5 million and record net income attributable to common stockholders of $105.2 million. For the third quarter of 2021, WESCO had an adjusted […]
Huttig Sales Increase 15.3%
Because of an increase in residential construction activity compared to the third quarter of last year, 2021 3Q sales for building materials distributor Huttig Building Products (NASDAQ: HBP) were $245.3 million, a 15.3% jump over 2020. Huttig’s net income for the third quarter of 2021 was $18.7 million, a substantial increase over the reported $6.1 […]
Global Industrial 3Q Sales Down
Global Industrial Co. (NYSE: GIC), the Port Washington, New York-based parent of Global Industrial, saw net sales and income drop in 2021’s third quarter compared to the same time a year ago. Net sales and income for the first nine months of the year, however, remained ahead of 2020 levels. The company reported 3Q net […]
