Building materials distributor Huttig Building Products (NASDAQ: HBP) reported a 24.8% increase in 2021 fourth-quarter net sales and an 18.4% jump in total year-end sales compared with 2020. Net sales in 4Q were $230.4 million, compared with $184.6 million during the same period in 2022. Year-end net sales increased 18.4% to $937.8 million, compared to […]
Category: quarterly earnings
Owens & Minor: Gains in 4Q, Annual Revenue
Richmond, Virginia-based global health care solutions company Owens & Minor (NYSE: OMI) reported 2021 fourth-quarter revenue of $2.46 billion and total year-end revenue of $9.78 billion, both increases over 2020. “I’m extremely proud of our strong finish to a record year and even more excited about our future. We delivered on our commitments to all […]
Lowe’s 4Q Sales Top $21B
Lowe’s Companies, Inc. (NYSE: LOW) of Mooresville, North Carolina, reported 2021 fourth-quarter total sales of $21.3 billion, roughly $1 billion more than 4Q of 2020. The company also reported 4Q net earnings of $1.2 billion and diluted earnings per share of $1.78 for the quarter ended January 28, 2022, compared to net earnings of $978 […]
Home Depot: 4Q Sales Up 10.7%
The Home Depot Inc. (NYSE: HD), based in Atlanta, Georgia, reported 2021 fourth-quarter sales of $35.7 billion, an increase of 10.7% over the same period in 2020. Net earnings for 4Q were $3.4 billion, or $3.21 per diluted share, compared with net earnings of $2.9 billion, or $2.65 per diluted share, in the same period […]
Masonite Annual Sales Reach $2.6B
Tampa Bay-based Masonite International Corporation (NYSE: DOOR), a manufacturer and distributor of interior and exterior doors, reported full-year 2021 net sales of approximately $2.6 billion, a 15% increase over 2020. The company also reported 2021 fourth-quarter sales of $636 million, a 2.8% increase over the same period the year before. For all of 2021, net […]
Barnes Group 4Q Sales Rise 8%
Barnes Group Inc. (NYSE: B) — a Bristol, Connecticut-based international industrial and aerospace manufacturer and service provider — reported 2021 fourth-quarter sales of $311 million, up 8% from the same period a year before. For 4Q, Barnes also reported an adjusted EPS of $0.55, up 53% versus the prior-year period. Operating income was $35.4 million […]
GPC 2021 Sales Top $18B
Genuine Parts Company (NYSE: GPC) reported 2021 year-end sales of $18.9 billion and fourth-quarter sales of $4.8 billion. The year-end figure was 14.1% above 2020 totals, while the fourth-quarter sales figure was a 13% increase over the same quarter a year before. Net income in the fourth quarter from continuing operations was $256 million, or […]
US Foods 4Q Sales Jump 24.5%
Rosemont, Illinois-based distributor US Foods Holding Corp. (NYSE: USFD) reported 2021 fourth quarter sales of $7.6 billion, a 24.5% increase over the same quarter in 2020. US Foods also reported 2021 year-end sales of $29.5 billion, a 28.8% increase over the previous year. For 4Q, gross profit increased 23.2% to $1.2 billion, while net income […]
SiteOne 4Q Sales Up 19%
SiteOne Landscape Supply Inc. (NYSE: SITE) of Roswell, Georgia reported 2021 fourth-quarter net sales of more than $805 million, a 19% increase over the same period in 2020. Site One’s organic daily sales for 4Q increased by 21%, while gross profit increased 27% to $282.4 million. Fourth-quarter net income increased to $27.5 million from $11.5 […]
Ace Hardware Yearly Revenue Up 10.7%
Oak Brook, Illinois-based Ace Hardware Corporation reported “record” 2021 fourth-quarter revenues of $2.1 billion — an increase of 0.7% over the same quarter a year ago — while total year-end revenues topped $8.6 billion. The year-end revenues were 10.7% above 2020. Full-year 2021 net income reached $330 million, an increase of 4.1% on top of […]
Global Industrial: Sales Up Overall Despite Down 4Q
Global Industrial Company (NYSE:GIC) of Port Washington, New York, reported consolidated sales in the fourth quarter of 2021 decreased 4.3% to $262 million compared to 2020, but overall annual sales increased 3.3% to $1.06 billion. The 4Q of 2021 had 61 selling days, five fewer days than the same quarter in 2020. Sales increased 3.5% […]
MRC Global Yearly Sales Top $2.6B
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 […]
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 […]
RBC 3Q Sales Jump 83%
Bearings manufacturer RBC Bearings Inc. (Nasdaq: ROLL) of Oxford, Connecticut, reported 2022 fiscal third-quarter net sales of $267 million, an 83% jump over the same quarter a year ago. RBC reported $145.9 million in the third quarter of fiscal 2021. Net sales for the company’s industrial segment increased 230.4%, while aerospace/defense segment net sales were […]
Sysco Fiscal 2Q Sales Up 41%
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 […]
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 […]
