For the second quarter of 2022, Genuine Parts Company reported record sales of $5.6 billion, a 17% increase over the same period a year ago.
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Watsco reported a profit margin of 27.9% from their sales of $2.13 billion compared to last year’s $1.85 billion.
The manufacturer reported second-quarter 2022 sales of $1.136 billion, an increase of $55.2 million over the same period last year.
The Louisiana company reported ‘record’ second-quarter sales for 2022, up 15% from last year to $2.1 billion.
The company said it saw benefits of carryover pricing impacts from 1Q, alongside continued strong underlying demand from industrial and construction customers.
The distributor also said annual revenue is now targeted at $3.3 billion, up from the previous guidance of $3.1 billion.
The company reported fiscal 2022 third-quarter net sales of $958.6 million for the three-month period ended May 28.
The company reported gross margin of 30.3% and an operating profit of $712 million, which was a 36.9% increase over 2021’s fiscal 3Q.
While the pace of daily sales decelerated, overall sales remained robust as the company made further strides in hiring.
The Ontario, Canada-based logistics provider says fiscal 2023 1Q revenue was up 18% from the previous-year quarter.
The company reported fiscal 2022 fourth-quarter net sales of $358.9 million and gross margin of $137.5 million.
MDM’s Mike Hockett dives into the latest numbers from the home improvement retail giants, where much of growth has been powered by Pro customers.
Sales for the first quarter of 2022 were below the $24.4 billion reported during the same period in 2021.
The home improvement company also reported fiscal first-quarter 2022 net earnings of $4.2 billion.
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The distributor reported 2022 first-quarter net sales of $5.7 billion, while net income grew 270.6% to $639.6 million.
Sales for the quarter were $319.4 million, compared to $245.6 million for 1Q 2021 and $293.1 million for 4Q 2021.
The distributor reported 2022 first-quarter gross profit of $136 million, compared to $103 million during the same quarter in 2021.
The company says 2022 first-quarter revenue was $3.1 billion and net income from continuing operations attributable to Fluor was $48 million.
