The Swiss company also reported that its profit grew to $752 million from $319 million in the period.
Latest In Earnings
In addition to setting a revenue record of $1.8 billion, the pool supply distributor saw profit increase nearly 65% for the quarter.
Year-to-date sales grow 26.3% from same period in 2020 as company delivers a “blowout” quarter, said the distributor’s CEO.
The company doubled its profit during the quarter as “momentum across our business continues to accelerate,” according to the CEO.
Bearing manufacturer SKF also sees sales improve 10.7% in first six months of 2021 as the company rebounds from a COVID-driven slowdown.
Profit for the Swedish manufacturer Atlas Copco increased 46% over the prior-year quarter.
The distributor’s revenue was flat in 2Q as safety sales dipped, but it beat analysts’ EPS expectations behind solid construction activity and increased digital sales.
"The absence of pandemic-related impacts produced significant shifts" in Fastenal's product mix, meaning fastener sales were up and safety sales were down.
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.
