MRC Global Inc. reported 2021 year-end sales of $2.66 billion, a 4% increase over 2020. The pipes, valves and fittings distributor also reported 2021 fourth-quarter sales of $686 million, an 18% increase over the same period in 2020. For the year, adjusted EBITDA was $146 million, 5.5% of sales, a 51% improvement over 2020. In […]
Category: Earnings
WESCO Reports ‘Record’ 4Q Sales
WESCO International Inc. (NYSE: WCC), Pittsburgh, Pennsylvania, reported “record” fourth-quarter sales to close out 2021. The company had $4.9 billion in sales during the quarter, a 17.5% increase over the same period in 2020. The company also reported 4Q operating profit of $220.3 million, as well as record net income attributable to common stockholders of […]
Kennametal Fiscal 2Q Sales Rise
Pittsburgh-based Kennametal Inc. (NYSE: KMT) reported fiscal 2022 second-quarter sales of $487 million, a 10% increase over the same quarter the prior year. The company also reported earnings per diluted share of $0.37, compared with $0.23 in the prior year quarter, and adjusted EPS of $0.35, compared with adjusted EPS of $0.16 in the prior […]
Beacon Yearly Sales Up 12.2%
Roofing material and building products distributor Beacon (Nasdaq: BECN) reported that 2021 net sales increased 12.2% compared to the prior year despite one fewer business day, an annual record for net sales from continuing operations. Residential roofing product sales increased 11.3%, complementary product sales increased 19.4%, and non-residential roofing product sales increased 8.5% compared to […]
Eaton Reports Quarterly, Annual Gains
Power management company Eaton Corporation plc (NYSE: ETN) of Dublin, Ireland, said sales in the fourth quarter of 2021 were $4.8 billion, up 2% from the fourth quarter of 2020. The sales increase consisted of 6% growth in organic sales and 7% growth from acquisitions, which was partially offset by 10% from the divestiture of […]
Arrow 4Q, Yearly Sales Increase
Electronic components distributor Arrow Electronics Inc. (NYSE: ARW) of Centennial, Colorado, reported fourth-quarter 2021 sales of $9.02 billion, an increase of 7% over the $8.45 billion reported for the same period in 2020. Arrow’s 4Q net income was $371 million, or $5.26 per share on a diluted basis, compared with net income of $236 million, […]
Fastenal January Sales Up 20.7%
Fastenal Co. (Nasdaq: FAST) of Winona, Minnesota, reported January net sales of approximately $540.5 million, a 20.7% increase over the same month in 2021. The company’s daily sales were $25.7 million during 21 business days, a nearly 15% jump over January 2021. Fastenal’s January 2022 daily sales growth jumped 14.9% in the U.S., 14.6% in […]
Amazon Yearly Sales Jump 22%
Amazon (NASDAQ: AMZN) reported 2021 fourth-quarter net sales increased 9% to $137.4 billion, compared with $125.6 billion in the same quarter in 2020. Operating income in 2021 4Q decreased to $3.5 billion, compared with $6.9 billion in fourth quarter 2020. Net income increased to $14.3 billion in the fourth quarter, or $27.75 per diluted share, […]
AMETEK 4Q Sales Top $1.5B
Berwyn, Pennsylvania-based manufacturer AMETEK reported 2021 fourth-quarter sales of $1.5 billion, a 25% increase compared to same period a year before. Operating income in 2021 4Q was a record $361.2 million, up 21% versus last year’s fourth quarter, and operating margins were 24% in the quarter. “AMETEK completed an outstanding year with record results in […]
HARDI Revenue Up 24.5% in December
Heating, Air-conditioning & Refrigeration Distributors International (HARDI) released its monthly TRENDS report, showing the average sales performance by HARDI distributors increased 24.5% percent during last month. The average annual sales growth for the 12 months through December 2021 is 23.6% percent. “The sales growth this year has been amazing, and this month was consistent with […]
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, […]
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 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 […]
Avnet 2Q Sales Up 25.6%
Phoenix-based Avnet, Inc. (Nasdaq: AVT) reported 2022 fiscal second-quarter sales of $5.9 billion, a 25.6% increase over the same period in 2021. Sales for fiscal 2Q last year were $4.7 billion. The electronic components distributor’s most recent fiscal quarter ended Jan. 1. In fiscal 2022 2Q, Farnell operating margins increased 276 basis points sequentially to […]
Avnet Fiscal 2Q Sales Up
Phoenix-based Avnet, Inc. (Nasdaq: AVT) reported 2022 fiscal second-quarter sales of $5.9 billion, a 25.6% increase over the same period in 2021. Sales for fiscal 2Q last year were $4.7 billion. The electronic components distributor’s most recent fiscal quarter ended Jan. 1. In fiscal 2022 2Q, Farnell operating margins increased 276 basis points sequentially to […]
Fastenal Sales Rise 6.4% in 2021
Fastenal Co. (Nasdaq: FAST) of Winona, Minnesota, reported year-end 2021 sales of more than $6 billion, a 6.4% increase over 2020. The company also reported 2021 fourth-quarter net sales of more than $1.5 billion, 12.8% more than during the same period in 2020. Fastenal reported a yearly gross profit of $2.77 billion, with net earnings […]
Core & Main 3Q Sales Rise
St. Louis-based Core & Main, Inc. reported more than $1.4 billion in net sales for the fiscal third quarter of 2021, a 38.7% increase over the same period a year ago. The distributor of water, wastewater, storm drainage and fire protection products also reported net income of $109.3 million, a 406% increase compared to fiscal […]
Deere Fiscal 4Q Improves
Moline, Illinois-based Deere & Company reported net income of $1.283 billion for the fiscal fourth quarter of 2021, compared with net income of $757 million for the quarter ending Nov. 1, 2020. For fiscal year 2021, net income attributable to Deere & Company was $5.963 billion, or $18.99 per share, compared with $2.751 billion, or […]
Beacon 4Q Sale Up 6.9%
Roofing material and building products distributor Beacon (Nasdaq: BECN) reported 2021 fiscal fourth-quarter sales of $1.88 billion, a quarterly record for continuing operations. The fiscal 4Q net sales totals were 6.9% above the same quarter a year ago. Net income from continuing operations was $104.5 million, compared to $68.2 million in 2020 4Q. Residential roofing […]
AZEK Sees 4Q Rebound
Chicago-based AZEK Company Inc., a manufacturer of low-maintenance and environmentally sustainable outdoor living products, announced fiscal 2021 fourth-quarter net sales of $346.1 million, a 31.1% increase over the same period in 2020. “The AZEK Company delivered another impressive quarter and year – our first full year as a public company – with record growth in […]
