Amazon.com, Inc. reported sales of $75.4 billion in the first quarter, up 26.4% compared to the same quarter in 2019. Net income was $2.5 billion in the first quarter, down 28.8% in first quarter 2019. More.
3M, St. Paul, Minnesota, reported first-quarter sales of $8.1 billion, a 2.7% increase compared to the first quarter of 2019. Profit was $1.3 million, a 45% increase compared to the prior year. More.
PPG Industries, Pittsburgh, Pennsylvania, reported sales for the first quarter of $3.4 billion, down 7% from the previous year and down nearly 5% in constant currencies. Profit was $243 million, down 22.1% from the first quarter of 2019. More.
Anixter International Inc., Glenview, Illinois, reported first-quarter sales of $2.1 billion, down 2%. Profit was $35.7 million, down 9% over 2019. More.
Avery Dennison Corp has reported sales for the first quarter of $1.7 billion, down 1% over the previous year. Organic sales were up 0.3%. The company reported a profit of $134.2 million, compared to a loss of $146.9 million during the same quarter last year. More.
WESCO International Inc., Pittsburgh, reported sales for the first quarter of 2019 of $2 billion, flat over 2019. Profit was $34.4 million compared to $42 million in 2019. Organic sales fell 1.7%. More.
Pentair plc, London,, reported first-quarter sales of $710 million, a 3% increase compared to the year-ago period. First-quarter profit was $72.7 million, compared to $51.3 million in 2019. More.
Lawson Products Inc., Chicago, reported first-quarter sales of $91 million, a 0.3% decrease compared to the year-ago period. The company reported profit of $12.5 million, compared to $4.1 million in the same period a year ago. More.
NOW Inc., Houston, reported first quarter sales of $604 million, down 23.1% compared with the first quarter of 2019. The company reported a loss of $331 million for the quarter, compared with a profit of $18 million a year ago. More.
Fastenal Co., Winona, Minnesota, reported April sales of $491.5 million, up 6.7% over the year-ago period. The company reported daily sales of $22.3 million, up 6.7% versus a year ago. More.
Indian River Consulting Group’s weekly Pandemic Revenue Index for the work week of April 27-May 1, 2020, indicated a 18.9% decline compared with the same week a year ago. More.
Real gross domestic product decreased at an annual rate of 4.8% in the first quarter of 2020, according to the “advance” estimate released by the Bureau of Economic Analysis. In the fourth quarter of 2019, real GDP increased 2.1%. More.
Total nonfarm payroll employment fell by 20.5 million in April, and the unemployment rate rose to 14.7%, according to the U.S. Bureau of Labor Statistics. This is the highest rate and the largest over-the-month increase in the history of the series. More.