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Latest In Earnings
Pietro Satriano is stepping down as US Foods CEO, while first-quarter net sales increase 23.9% to $7.8 billion.
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.
The Colorado-based company named Sean J. Kerins president and CEO and posted 1Q sales of more than $9 billion.
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.
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Growing demand for supply chain orchestration is ‘driving strong financial performance across our global business,’ CEO says.
The industrial distributor reported 2022 first-quarter sales of $3.6 billion and operating earnings of $534 million.
