Oak Brook, Illinois-based Ace Hardware Corporation reported “record” third-quarter revenues of $2 billion, an increase of $28.1 million, or 1.4%, from the third quarter of 2020. Ace’s net income for 2021 3Q was $99.3 million, an increase of about $600,000 over the third quarter of 2020. U.S. retail same-store-sales reported by the approximately 3,400 Ace […]
Category: Earnings
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 […]
RBC 2Q 2022 Sales Up
Bearings manufacturer RBC Bearings Inc. (Nasdaq: ROLL), Oxford, Connecticut, reported 2022 fiscal second-quarter net sales of $160.9 million, a 10% increase over the same quarter a year ago. RBC’s net income was $23.5 million, a slight increase over the $23.2 million reported in fiscal 2021’s second quarter. For the first six months of FY 2022, […]
Sysco Sees Sales Growth
Foodservice distributor Sysco Corp. (NYSE: SYY) of Houston reported 2022 fiscal first-quarter sales of were $16.5 billion, an increase of 39.7% compared to the same period the prior year. The company’s gross profit increased 33.9% to $3 billion, while operating income was $631.7 million, an increase of $212.1 million, or 50.6%, compared with the same […]
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, […]
Cardinal Health Revenue Increases
Cardinal Health (NYSE: CAH), Dublin, Ohio, reported 2022 fiscal first-quarter revenues of $44.0 billion, an increase of 13% from the first quarter of last year. The pharmaceutical distributor and global manufacturer of medical and laboratory products also reported 2022 fiscal 1Q net earnings of $271 million, a rebound from its reported $253 million in losses […]
Masonite 3Q Sales Rebound
Tampa Bay-based Masonite International Corporation (NYSE: DOOR), a manufacturer and distributor of interior and exterior doors, reported 2021 third-quarter net sales of $652 million, an 11% increase over the same period a year ago. The increase in net sales was the result of an 8% increase in average unit price, a 2% increase in base […]
Olympic Steel Has Record 3Q
Third-quarter net income for Cleveland-based Olympic Steel, Inc. (Nasdaq: ZEUS) increased to $44.5 million this year, compared with a net loss of $1.5 million, in the third quarter of 2020. Net income represented $3.87 per diluted share, compared $0.13 per diluted share during the same period a year ago. The company reported sales of $668 […]
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. […]
Fastenal October Sales Up
Fastenal Co. (Nasdaq: FAST), Winona, Minnesota, reported October sales of nearly $531.7 million, an 8.9% increase over the same month in 2020. The company’s daily sales were $25.3 million, a 14.1% leap over the same period last year. Regionally, U.S. sales increased 13%, while sales in Canada and Mexico grew 20%. By end market, manufacturing […]
Arrow Electronics Sales Increase
Electronic components distributor Arrow Electronics Inc. (NYSE: ARW), Centennial, Colorado, had 2021 third-quarter sales of more than $8.5 billion, an 18% increase over the same period in 2020. Third-quarter net income for Arrow was $290 million, or $4.00 per share on a diluted basis, compared with a net income of $166 million, or $2.13 per […]
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 […]
SiteOne Sales Up 25%
SiteOne Landscape Supply Inc. (NYSE: SITE), Roswell, Georgia, had 2021 third-quarter sales of $936.4 million, a 25% increase over the same period last year. The company’s 3Q net income also increased year-over-year, by 66% to $80 million. SiteOne reported gross profit of $340.5 million for 3Q, a 36% jump over last year. “Our excellent momentum […]
Kennametal 1Q Sales Jump
Pittsburgh-based Kennametal Inc. (NYSE: KMT) had fiscal 2022 first-quarter sales of $484 million, a 21% increase over the same period the prior year. Operating income for the quarter was $55 million, or 11.3% of sales, while net income was approximately $36 million. In the same quarter a year ago, the company reported losses. The company […]
AD Sales Increase 34%
Wayne, Pennsylvania-based industrial products wholesale buying group AD says sales in the first nine months of 2020 were $44 billion, an increase of 34% across its 13 divisions. Same-store sales were up 19%. Member companies’ purchases from AD supplier partners grew 31%, while net distributions to its members were up 41%. “Every single day, we’re […]
Grainger Sales Jump 11.7%
Grainger (NYSE: GWW), Chicago, reported 2021 third-quarter sales of $3.4 billion, up 11.7%, compared to the third quarter of last year. Grainger’s 2021 3Q operating earnings were $438 million, up 17.4% versus 2020 and resulting in EPS of $5.65, growth of 25% versus the third quarter of 2020. The company returned $327 million to shareholders […]
