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Category: Business Texting

Tractor Supply Yearly and 4Q Sales Up

Tractor Supply Yearly and 4Q Sales Up

Brentwood, Tennessee-based Tractor Supply Company (NASDAQ: TSCO) reported that 2021 fourth-quarter net sales increased 15.3% over the same period in 2020, while fiscal-year net sales jumped nearly 20%. Net sales for the fourth quarter 2021 increased to $3.32 billion from $2.88 billion in the fourth quarter of 2020. Fourth-quarter diluted earnings per share was $1.93, […]

Caterpillar Annual Sales Rise 22%

Caterpillar Annual Sales Rise 22%

Caterpillar Inc. (NYSE: CAT) said its 2021 fourth-quarter sales increased 23% over the same period a year before, and full-year sales increased 22% over 2020. Sales and revenues for the fourth quarter of 2021 were $13.8 billion, compared with $11.2 billion in the fourth quarter of 2020. Fourth-quarter 2021 profit per share was $3.91, compared […]

ABC: Decline in Structure Investments Continues

ABC: Decline in Structure Investments Continues

An Associated Builders and Contractors analysis of data released by the Bureau of Economic Analysis shows investment in nonresidential structures decreased at an annual rate of 11.4% in the fourth quarter of 2021 has now contracted in eight of the past nine quarters. The continued slowdown juxtaposed BEA’s announcement stating the U.S. economy grew at […]

NAW Summit: Distribution Execs Get In-Person Glance at 2022 and Beyond

NAW Summit: Distribution Execs Get In-Person Glance at 2022 and Beyond

In the frigid Nation’s Capital, the National Association of Wholesale-Distributors made a triumphant return to an in-person conference this week during its 2022 Executive Summit. The now-unusual nature of a live, in-person gathering was evident, especially based on the commentary of attendees and presenters. Yet attendees, sponsors, headliners and support staff excitedly leapt back to […]

Rockwell Fiscal 1Q Sales Increase

Rockwell Fiscal 1Q Sales Increase

Industrial automation and digital transformation company Rockwell Automation reported fiscal 2022 first-quarter sales of $1.857 billion, an 18.7% increase over the same quarter in 2021. Orders were up more than 40% to a quarterly record of $2.5 billion, while acquisitions contributed 2.6% to reported sales growth. “All three business segments delivered double-digit sales growth and […]

Applied Industrial Fiscal 2Q Sales Rise

Applied Industrial Fiscal 2Q Sales Rise

Applied Industrial Technologies (NYSE: AIT) of Cleveland, Ohio, reported fiscal 2022 second-quarter sales of $876.9 million, a 16.7% increase over same period a year prior. Applied also reported a 2Q net income of $57 Million, or $1.46 Per Share, and EBITDA of $92.6 Million. The company’s quarterly dividend also increased to $0.34 per share. “We […]

GDP Sees Year-End Uptick

GDP Sees Year-End Uptick

The Bureau of Economic Analysis reported that real gross domestic product increased at an annual rate of 6.9% in the fourth quarter of 2021, following an increase of 2.3% in the third quarter. The fourth-quarter acceleration was led by an upturn in exports, as well as accelerations in inventory investment and consumer spending, the BEA […]