The Colorado-based company named Sean J. Kerins president and CEO and posted 1Q sales of more than $9 billion.
Latest In Earnings
The industrial distributor reported 2022 first-quarter revenue of $439.5 million, up from $387.1 million in 1Q 2021.
The Pittsburgh, Pennsylvania-based company record first-quarter net sales of $4.9 billion, up 22% from 1Q 2021.
The Texas-based supplier also reported that 1Q 2022 net income was $30 million.
For the month, the distributor reported net sales of $570.76 million, up from more than $497 million in April 2021.
Pittsburgh-based Kennametal Inc. reported that fiscal 2022 third-quarter sales rose 6% year-over-year.
The manufacturer and distributor of interior and exterior doors reported 2022 first-quarter net sales of $726 million.
The company’s 2022 first-quarter results included ‘record’ sales of $288.6 million.
The health care solutions company’s 2022 first-quarter announcement follows its $1.6 billion acquisition of Apria, Inc.
First-quarter 2022 sales were $1.46 billion, a 20% increase compared to the first quarter of 2021, the company says.
The average annual sales growth for the 12 months through March 2022 is 25.3% percent, the distributor group said.
MDM dives into the numbers and commentary that the MRO products giant shared during its first quarter earnings report.
The Michigan-based company says it increased 1Q net sales by 8.5%, with record sales in TriMas' Packaging group.
Growing demand for supply chain orchestration is ‘driving strong financial performance across our global business,’ CEO says.
The company reported 2022 1Q operating income was $12.1 million compared to operating income of $4.8 million in the prior-year quarter.
The industrial distributor reported 2022 first-quarter sales of $3.6 billion and operating earnings of $534 million.
The distributor of industrial motion, fluid power, flow control, automation and maintenance supplies had sales that neared $1 billion in the quarter and said April's growth was on a similar trajectory.
In what it called ‘record’ first-quarter results, Graybar reported a 116.5% increase in net income attributable to the company.
The Wisconsin-based manufacturer reported more than $1 billion in sales and a diluted EPS of $4.00 for the first three months of 2022.
The company’s 1Q earnings and subsequent commentary shed light on several other factors driving growth at the MRO parts distributor besides its recent $1.3 billion acquisition of Kaman Distribution Group.
