Amazon.com Inc. (Nasdaq: AMZ) reported sales of $110.8 billion in the third quarter of 2021, a 15% increase over the same period last year. Amazon’s 3Q net income decreased to $3.2 billion, or $6.12 per diluted share, compared with $6.3 billion, or $12.37 per diluted share, in the third quarter of 2020. Net product sales […]
Category: Earnings
Avnet 1Q Sales Grow
Avnet Inc. (Nasdaq: AVT) of Phoenix reported 2022 fiscal first-quarter sales of $5.6 billion, topping the previous quarter by about $400 million. The first-quarter sales were an 18.2% increase over the fiscal first quarter in 2021. Avnet ranks No. 2 on MDM’s Top Distributors list for electronics distributors, with $17.6 billion in 2020 revenue. “Building […]
Lawson Sales Up 16.9%
Lawson Products, Inc. (NASDAQ: LAWS) reported $105.6 million in sales for the third quarter of 2021 and $315.7 million in sales for the first nine months of the year. The third-quarter sales numbers were 16.9% above the same period for 2020, while the year-to-dale sales earnings were 24.5% over last year. “Lawson generated solid operating […]
HARDI Revenue Up 21%
Heating, Air-conditioning & Refrigeration Distributors International (HARDI), of Columbus, Ohio, released its monthly TRENDS report, which shows a 21% revenue increase for September. The average annual sales growth for the 12 months through September 2021 was 19.6% percent. “Demand continued strong through the last month of the 2021 cooling season,” said HARDI […]
AGCO Sales Increase 9.1%
Farm equipment manufacturer and distributor AGCO (NYSE: AGCO) from Duluth, Georgia, reported third-quarter sales of approximately $2.7 billion, a 9.1% increase over the same period in 2020. Net sales for the first nine months of 2021 were approximately $8 billion, a 24% increase compared to the same period in 2020. For the first three quarters […]
Applied’s 1Q Sales Increase
Applied Industrial Technologies (NYSE: AIT), Cleveland, Ohio, on Wednesday reported $891.7 million in fiscal 2022 first-quarter sales, a 19.2% increase over the previous year. The change includes a 2.1% increase from acquisitions and a 0.8% increase from foreign currency translation. The company also reported $53 million in profit, or $1.36 per share. “We started fiscal […]
Pentair Sales Increase 21%
London-based Pentair plc (NYSE: PNR) reported third-quarter 2021 sales of $969 million, a 21% increase over the same period a year ago. The company’s 3Q profit was $167 million, an increase of 31% compared to the third quarter of 2020. Consumer solutions sales were up 30% compared to sales for the same period last year. […]
SKF 3Q Sales Up
Bearing manufacturer SKF (STO: SKFA) Goteborg, Sweden, reported sales for the third quarter of SEK 20.1 billion (US$2.45 billion), up 8.3% over the same period a year ago. Operating profit for the third quarter was SEK 2.67 billion (US$309.9 million). Sales in North America grew 7.2% compared to the third quarter of last year. Year […]
Graybar Reports Record 3Q
St. Louis-based electrical, communications and data networking distributor Graybar this week reported its highest quarterly net sales in company history. Graybar’s 3Q net sales totaled $2.31 billion, a 23.2% increase compared to the same period last year. The company’s profit for the quarter was $74.3 million, up 115.4% from the same period in 2020. For […]
3M’s 3Q Sales Increase
3M’s third-quarter sales were $8.9 billion, a 7.1% increase compared to the third quarter of 2020. Profit was $1.434 billion, a slight increase compared to the same period the prior year. Profit for the third quarter of 2020 was $1.430 billion for 3M (NYSE: MMM), based in St. Paul, Minnesota. Total sales in 3Q 2021 […]
Snap-on 3Q Sales Rise 10.2%
Snap-on Inc. (NYSE: SNA), Kenosha, Wisconsin, reported third-quarter net sales of $1.037 billion, a 10.2% increase over the same period in 2020. Net sales also were up 15% over the third quarter of 2019. Net earnings in 3Q 2021 were $196.2 million, or $3.57 per diluted share, compared to third-quarter 2020 net earnings of $179.7 […]
Danaher 3Q Revenue Up 23%
Danaher Corp. (NYSE: DHR), Washington, DC, reported its third-quarter 2021 revenue at $7.2 billion, a 23% increase over the same period last year. The company’s 3Q net earnings were $1.2 billion, or $1.54 per diluted common share, which represents a 33% year-over-year increase from the same period in 2020. For the first nine months of […]
ABB 3Q Sales Up 29%
Switzerland-based power and automation company ABB on Thursday reported third-quarter sales of $7.9 billion, a 29% increase over the same period in 2020 and a 26% increase on a like-for-like basis in local currencies. Revenues for the third quarter of 2021 were $7 billion, a 7% increase, while income from operations was $852 million. Gross […]
Pool Corp. Q3 Sales Rise 24%
Covington, Louisiana-based Pool Corp.earning (Nasdaq/GSM:POOL) on Thursday reported ‘record’ third-quarter results, including strong net sales that reflect an overall 24% growth compared to the same period in 2020. “I am incredibly proud of the POOLCORP team,” said Peter D. Arvan, president and CEO. “Everyone in the field, from our drivers, warehouse associates, customer service representatives, […]
Genuine Parts’ 3Q Sales Up 10.3%
Atlanta-based Genuine Parts Company (NYSE: GPC) announced Thursday that its third-quarter 2021 sales were $4.8 billion, a 10.3% increase over the same period a year ago. The company attributed the improvement to a 7.6% increase in comparable sales, a 1.8% benefit from acquisitions and a 0.9% net favorable impact of foreign currency and other. Net […]
Genuine Parts’ Q3 Sales Up 10.3%
Atlanta-based Genuine Parts Company (NYSE: GPC) announced Thursday that its third-quarter 2021 sales were $4.8 billion, a 10.3% increase over the same period a year ago. The company attributed the improvement to a 7.6% increase in comparable sales, a 1.8% benefit from acquisitions and a 0.9% net favorable impact of foreign currency and other. Net […]
Fastenal’s Sales Rebound in 3Q
Fastenal Co. (Nasdaq: FAST), Winona, Minnesota, reported sales of $1.6 billion for the third quarter, a 10% increase from the same period the previous year. Profit of $243.5 million marked a 9% increase over the same period in 2020. Sales for the first nine months were $4.5 billion, a 4.4% increase over the same period […]
Synnex Down 1.9% in 3Q
On Tuesday, Synnex Corp., Fremont, California, (SNX) on Tuesday reported fiscal third-quarter sales of $5.2 billion, down 1.9% from the prior fiscal third quarter. In the third quarter, Synnex’s net income of $94.7 million increased by 10.5% over the same quarter a year ago. “Results were consistent with expectations as ongoing industry-wide supply chain shortages […]
United Natural Foods Down Slightly in 4Q
United Natural Foods Inc. (UNFI), Providence, on Tuesday reported fiscal fourth-quarter net sales of $6.7 billion, a decrease of 0.5% from the same quarter a year ago. The organic and specialty foods distributor reported net income of $43 million in 4Q, a decrease of 18.9% from a year ago. For fiscal 2021, UNFI posted net sales […]
Ferguson Up 14.3% in Fiscal 2021
Ferguson PLC, (NYSE: FERG), based in Wokingham, United Kingdom, reported Tuesday that its fiscal year 2021 revenue climbed 14.3% from a year ago to $22.79 billion. Ferguson said the increase was mainly due to accelerated market share gains. Ferguson’s underlying trading profit for the year that ended July 31 was $2.1 billion, which marked a […]
