Foodservice distributor Sysco Corp. (NYSE: SYY) of Houston reported fiscal 2022 second-quarter sales of $16.3 billion, an increase of 41.2% compared to the same period last year. “The exit rate for the second quarter continued to grow compared to the same period in fiscal year 2021, but decelerated in December due to disruptions from the […]
Category: fiscal 2022
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 […]
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 […]
MSC Fiscal 1Q Sales Up 9.9%
MSC Industrial Supply Co. (NYSE: MSM) last week reported fiscal 2022 1Q sales of $848.5 million, a 9.9% increase over the same period a year ago. The company reported average daily sales growth of nearly 500 basis points above Industrial Production Index and an operating income of $90.7 million for the period ending Nov. 27. […]
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 […]
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 […]
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 […]
