The electrical giant reported profit of $502 million, a 34% improvement when compared to the year-ago period.
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Due to strong results, Pool Corp. raises its guidance for the remainder of the year.
SKF CEO Danielson expects sales to continue to grow in Q2 to reach pre-COVD levels
Genuine Parts Co., the parent of Motion, reported that the distributor’s 1Q sales of $1.5 billion were up 0.1% year-over-year and represented 34% of the company’s revenues in the period.
Watsco's HVAC equipment sales increased 14% in the quarter, other HVAC products increased 11% and commercial refrigeration equipment increased 10%.
March sales increased 12.4% over the same month a year ago as the company saw fastener sales continue to rebound, growing 14% in the month.
Industrial distributor’s sales decline 4% in the first six months compared to year-ago period while profit sinks 53.2% YTD.
The company, which rebranded from AmazonSupply in 2015, also said it’s now being used by more than 5 million businesses across its marketplace.
How did the public distributors (and manufacturers relevant to this space) perform in the calendar fourth quarter? Our recap provides highlights of their revenue and earnings results.
Ferguson invested $224 million in acquisitions during the first half of fiscal 2021.
The company also saw net income dip 15.7% compared to 2019, due primarily to a non-cash pension settlement charge.
MRO and industrial distributor DXP Enterprises Inc. posted a loss of $28.8 million in the year, but the company also completed some acquisitions in 4Q.
Fastenal’s reported daily sales for the month also were up 1.5% versus a year as its sales mix continues to return to normal.
Building materials distributor BlueLinx Holdings also reported that fourth-quarter sales improved 41% to $865 million from the year-ago quarter.
Building materials distributor Huttig Building Products Inc. reported fourth-quarter sales of $184.6 million, a 2.3% increase over the prior-year period.
Dallas-based building materials distributor Builders FirstSource, fresh off the acquisition of BMC Stock Holdings, said fourth-quarter sales climbed 43.5%.
But the fourth quarter could prove to be a turning point for Lawson, which saw sales soar 10.8% to $98.1 million in the period.
Systemax, the parent of Global Industrial, also reported fourth-quarter sales jumped 23.3% to $273.9 million.
Lowe’s reports fourth-quarter revenue grew 26.7% to $20.3 billion.
Landscape supply distributor SiteOne Landscape Supply Inc. also reported that revenue grew 26% in the fourth quarter.
