It's part of the toolmaker's plan to save $1.5 billion in three-year cost savings while shifting resources and reprioritizing investments.
Latest In Earnings
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.
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 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.
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.
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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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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.
