Snap-on Posts Flat 1Q Sales, Higher Profit
Wisconsin-based tool manufacturer Snap-on posted 1Q24 sales of $1.18 million, a modest organic sales decline.
Snap-on Posts Flat 1Q Sales, Higher Profit Read More »
Wisconsin-based tool manufacturer Snap-on posted 1Q24 sales of $1.18 million, a modest organic sales decline.
Snap-on Posts Flat 1Q Sales, Higher Profit Read More »
However, lower volume driven by deferred activity in the gas utilities sector didn't stop the company from modest full-year growth.
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The specialty building products distributor GMS said its net sales, income and EBITDA results were ahead of previous expectations.
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Companywide, Wajax said 2023 third quarter revenue was $369.13 million (USD), up 8.3% over the same period in 2022.
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The company posted 3Q year-over-year sales growth of 5.4%, an impressive rebound from the 3.6% decline seen in 2Q.
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The company estimated that net sales for the quarter were between $1.822 billion and $1.832 billion.
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The growth was below Fastenal’s benchmark 3.1% rate that the company provided in its 3Q earnings presentation.
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The annual sales growth for the 12 months through September 2023 is 3.5%.
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The company's 1.9% YoY growth in the third quarter was a significant slowdown from 2Q’s 10.2% growth.
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It's another big week for industrial manufacturer's financial reports. We recap the key figures for seven of them here.
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On a constant currency basis, sales decreased 7.8% year-over-year and decreased 2.9% sequentially, Avnet said in a news release.
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It's another week for industrial manufacturers' financial reports. We recap the key figures for thee of them here.
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For 3Q 2023, sales in North America were $2.21 billion, an increase of 2.7%, while sales in Europe were $2.38 billion, an increase of 3.4%.
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Net sales for 2023's third quarter were nearly $1.16 billion, an increase of $56.8 million, or 5.2%, from 2022 levels.
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For 3Q 2023, the company also reported a 9% increase in operating income to a record $257 million.
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Sales for Genuine Parts Company's industrial segment were $2.2 billion, up 0.6% from the same period in 2022.
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The 2Q period follows the company's February-April period, in which sales slid 1.5% YoY and increased 49.2% sequentially.
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Net sales for the quarter were down 3% from 2022, while net income attributable to Masonite dropped 18%.
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The company reported that fiscal 4Q net sales were $1.2 Billion, up 9.1% YoY and up 8.6% on an organic basis.
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Sales during the quarter were $428.0 million, a healthy increase over the $367.8 million reported during 2Q 2023.
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