2Q 2022 Archives

Lowe’s Reports 2Q Sales of $27.5B

The home improvement company also reported 2022 second-quarter earnings of $3 billion, in line with prior-year results.

The online retail giant, which doesn’t break out Amazon Business sales in quarterly earnings reports, said overall net loss was $2 billion in 2Q.

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.

International manufacturer of engineered precision bearings reported fiscal 2Q net sales were 10% higher than the same period a year ago.