Hillman Sales Rebound, Accelerate in 3Q
The company posted 3Q year-over-year sales growth of 5.4%, an impressive rebound from the 3.6% decline seen in 2Q.
Hillman Sales Rebound, Accelerate in 3Q Read More »
The company posted 3Q year-over-year sales growth of 5.4%, an impressive rebound from the 3.6% decline seen in 2Q.
Hillman Sales Rebound, Accelerate in 3Q Read More »
The company reported net sales of $4.5 billion, a 21.3% decrease primarily driven by a weaker housing market and commodity deflation.
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The building materials distributor and manufacturer said that 91% of 3Q 2023 revenue came from distribution.
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Net sales for the first quarter of the company’s fiscal year were $1.1 billion, an increase of 3.1% over the prior year.
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Strong member sales were seen across 6 product categories: Janitorial, Safety, Industrial, Restoration, Packaging, & Public Safety.
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The announcement comes just a few short days after the company published its inaugural sustainability report.
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The company said that fourth-quarter sales of $6.6 billion exceeded guidance and were up 2.9% year-over-year.
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The year-over-year growth was down from the 19% reported during the company’s 2023 first quarter.
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The company said that Aerospace/Defense sales were up 21.2%, while Industrial sales were up 4.7%.
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The company reported its July sales figures, which showed net and daily sales were up 3.7% compared with the same period in 2022.
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For its full fiscal 2023 year, the company reported net sales of more than $5.3 billion, a 15% increase over fiscal 2023.
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The company reported 1Q 2023 gross profit of $98.4 million, down from the $107.8 million reported during the same quarter in 2022.
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The industrial PVF products distributor reported 4Q sales of $869 million, an increase of 27% compared to the same quarter in 2021.
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MDM looks at another round of earnings reports from industrial distributors and manufacturers.
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MDM looks at another round of earnings reports from industrial distributors and manufacturers.
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The company’s sales growth flattened to end the year, while full-year sales grew by a modest 3%, according to Honeywell.
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MDM looks at another round of earnings reports from industrial suppliers.
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The company’s fiscal 2023 1Q (October-December 2022) sales grew 6.7% year-over-year compared with 17.6% in 2022 4Q.
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Among other cuts, the company says it is reducing flights and closing 90 office locations after projecting major revenue shortfalls.
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As evidenced by the latest round of quarterly earnings reports, some industrial distributors and manufacturers still see year-to-year growth.
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