"The absence of pandemic-related impacts produced significant shifts" in Fastenal's product mix, meaning fastener sales were up and safety sales were down.
Latest In Earnings
The MRO distributor has committed to reinvest the money it’s been saving into growth initiatives. Based on fiscal 3Q results, the company’s plan is working.
Despite a dip in PPE sales, MSC’s quarterly profit was $94.4 million, a 21.5% increase compared to the same quarter a year ago.
Ferguson posts $5.9 billion in revenue in the third quarter as the U.S. economy heats up.
Total net sales rose 24.1% to $24.42 billion from $19.68 billion last year while comparable sales increased 25.9%
Home Depot’s first-quarter revenues increased 32.7% from the same quarter a year ago.
How did the public distributors (and manufacturers relevant to this space) perform in the calendar first quarter? Our recap provides highlights of their revenue and earnings results.
Despite the year-over-year increase, Alibaba Group posted a net loss in 4Q due to a $2.8 billion antitrust fine last month.
Air Supply’s second quarter results negatively impacted by COVID-19 and severe winter storm on Gulf Coast.
Beacon swings to a profit of $22.1 million in 1Q after a loss of $22.4 million the year prior.
The MRO and industrial distributor DXP Enterprises Inc. did post a small profit in the quarter as the company continues to see challenges stemming from COVID-19.
Ever since completing the $4.5 billion acquisition of Anixter International Inc. almost a year ago, WESCO has benefited from favorable comps, which was again the case in 1Q.
Dallas-based Builders FirstSource said the large increase in net sales was driven in part by deal to buy BMC Stock Holdings, which closed earlier this year.
Arrow Electronics’ 1Q profit totaled $206.32 million compared to $49.50 million in the same quarter a year ago.
Emerson’s underlying sales were up 2%, while acquired assets and currency translation had 1% and 3% of positive impacts on sales.
Year to date, Hillenbrand has seen sales grow 16.4% to $1.4 billion.
In the period, the company also reported a profit of $69.6 billion, up from a loss of $11.3 million in the year-ago quarter.
Veritiv’s sales for the first quarter were down 8.7% from the same quarter a year ago.
Landscape supply distributor SiteOne Landscape Supply Inc. also posted a profit of $7.4 million, up from a loss last year.
NOW Inc., which reported a loss of $10 million for the quarter, saw sales sink 40.2% in 1Q.
