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 […]
Category: quarterly earnings
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 […]
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 […]
