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, […]
Category: quarterly earnings
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 […]
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 […]
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 […]
Ferguson Fiscal 1Q Sales Up 26.6%
Ferguson PLC, (NYSE: FERG), based in Wokingham, United Kingdom reported 2022 fiscal first-quarter net sales of more than $6.8 billion, a 26.6% increase over the company’s fiscal 1Q in 2021. Ferguson’s operating profit was $739 million, a 64.2% increase over fiscal 1Q in 2021. Earnings per diluted share were 71.4% higher than 1Q in the […]
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 […]
Ace Has ‘Record’ 3Q
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
Amazon 3Q Sales Increase 15%
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 […]
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 […]
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 […]
