Lowe's reported that 4Q sales increased slightly year-over-year but decreased sequentially from 3Q 2022.
Latest In Earnings
Despite 4Q net sales dropping 10.8% from the prior year, full-year 2022 net income was $337.9 million, the company said.
The company's sales slowed considerably in the second half of the year amid tougher comps and a slumping single-family housing market.
France-based Saint-Gobain saw the Americas become its largest region in terms of operating income in 2022.
The London-based distributor of foodservice and packaging products announced it has made acquisitions in Germany and Canada.
We break down the building supplies distributors' 4Q and full-year financials, which included a company-record $8.4 billion in 2022 sales.
Motion, Genuine Parts Company's industrial segment, achieved better than $8.4 billion in 2022 sales.
The industrial manufacturer's impressive October-December period followed a likewise record-breaking third quarter.
The company said 4Q sales were $260.5 million — down 0.6% from the same quarter in 2021 — while total-year sales increased 9.7%.
Sales for 4Q 2022 were $35.8 billion, an increase of $112 million (or 0.3%) from the same quarter a year before.
JELD-WEN's revenue in its North America segment increased 15.2% in 2022.
MDM looks at another round of earnings reports from industrial distributors and manufacturers.
Rexel's full-year sales benefited from the company's acquisitions of Mayer and Horizon Solutions.
For all of 2022, the company reported $2.13 billion in revenue, according to NOW Inc.'s 4Q 2022 earnings announcement.
Watsco's impressive fourth quarter followed a record-breaking third quarter.
SiteOne finished 2022 with a strong fourth quarter.
The distributor of electrical and industrial products continues to blossom since its acquisition of Anixter International in 2020.
The industrial PVF products distributor reported 4Q sales of $869 million, an increase of 27% compared to the same quarter in 2021.
![OneSource Fullerton CA[43]](https://www.mdm.com/wp-content/uploads/elementor/thumbs/OneSource-Fullerton-CA43-scaled-qtx18iwi3ltsg5y06b14znfxig1m8dwsz5lfxzcxxg.jpg "OneSource Fullerton CA[43]")
OneSource saw significant growth in each of its business segments in 2022.
After three quarters in fiscal 2023, the bearings manufacturer has surpassed $1 billion in net sales, according to an earnings announcement.
