Content about Company Earnings Announcement

December 16, 2014

After announcing new partnerships with HGTV and Lowe’s, as well as three consecutive quarters of record growth, Sherwin-Williams is celebrating another milestone.

After announcing new partnerships with HGTV and Lowe’s, as well as three consecutive quarters of record growth, Sherwin-Williams is celebrating another milestone.

The company announced it is opening its 4,000th store in Sewickley, Pennsylvania.

December 4, 2014

Sears Holdings reported a third-quarter loss, though one not as wide as economists expected.

As the retailer has been posting months of consecutive losses and sales declines, CEO Edward Lampert stressed the steps it was taking to minimize its expenses and generate more revenue.

November 18, 2014

Another quarter, another billion-and-a half dollars in earnings for the world’s largest home improvement retailer.

In spite of a widespread data breach and with a new CEO at the helm, the Home Depot reported sales of $20.5 billion for the third quarter of fiscal 2014, a 5.4% increase from the third quarter of fiscal 2013. Comparable store sales for the third quarter of fiscal 2014 were positive 5.2%, and comp sales for U.S. stores were positive 5.8%.

November 12, 2014

Describing its third-quarter performance as record-breaking, Oak Brook, Illinois-based Ace Hardware Corp. reported total revenues of $1.13 billion for the third quarter of 2014, an increase of 9.1%, from the third quarter of 2013.

Net income was $37.3 million for the third quarter of 2014, up 8.4%.

November 5, 2014

Louisiana-Pacific Corporation reported third-quarter sales that were up 2%, but pointed the finger at oriented strand board pricing in a suggestion that the company could have performed better.

“LP’s financial results continue to be negatively affected by poor OSB pricing,” said Curt Stevens, CEO. “We have seen higher demand for most of our products but less than anticipated due to the anemic housing recovery.”

November 5, 2014

Masonite International Corporation reported strong results in the third quarter of fiscal 2014, results the company attributed to meaningful progress in price and volumes.

November 5, 2014

Scotts Miracle-Gro reported fourth quarter and full-year results for 2014, reflecting on a year of beating expectations despite weather-related setbacks and other hurdles.

November 4, 2014

True Value Company reported sales gains during the third quarter of 2014, lifted partly by seasonal and paint departments.

Net revenue of $350.6 million were up 1.0% over the third quarter of 2013. The company's gross billings came in at $466.4 million, up 2.4%.

Net margin fell 35.3% to $12.1 million, a decrease True Value blames on the timing of the Fall Reunion.

October 31, 2014

Weyerhaeuser reported net sales of $1.92 billion in the third quarter, up 3% from last year's sales of $1.86 billion. The company fared considerably better in terms of its bottom line. Net earnings of $1.15 billion compared year-over-year to earnings of just $157 million in 2013.

Much of this gain can be attributed to the completed divestment of the Weyerhaeuser Real Estate Company, which brought $966 million to its coffers.

October 28, 2014

Though Plum Creek Timber Company reported modest sales gains in the third quarter of 2014, the company's outlook for future growth is tempered by a conservative (and realistic) forecast for housing starts, according to the building products supplier.

Housing starts are expected to increase by only 8% in 2014, leading the company to place residential construction activity at a growth rate of about 10% in 2015.

October 28, 2014

Driven by growth in its Paint Stores Group, Sherwin-Williams Company reported net sales increased 10.6% to $3.15 billion in the third quarter.

Net sales in the Paint Stores Group jumped 15.0%.

“The Paint Stores Group architectural volume growth was positive across all end market segments,” said Christopher M. Connor, Chairman and Chief Executive Officer. He also pointed to continued investment in the business and the opening of 51 new stores in the first nine months of the year. 

October 23, 2014

In comparison to its performance in the same period last year, Boise Cascade Company reported double-digit sales growth and double the income in the third quarter of 2014.

The growth was expected, given improvements in housing market fundamentals, according to CEO Tom Carlile.

October 23, 2014

Simpson Manufacturing Co. reported healthy sales gains in the third quarter, buoyed mainly by growth in its North America segment.

Net sales for the company were up 7.0% to $209.3 million for the quarter, up from $195.6 million in the same period last year.

Most of this progress was seen in North America, where net sales increased 8.8% on increased sales volumes. In Europe, sales were up 2.2%.

Net sales to contractor distributors, dealer distributors, home centers and lumber dealers were all up in year-ago terms.

October 23, 2014

Fresh with acquisitions in Orlando, Houston, Dallas and Austin, and motivated by a positive long-term housing industry outlook, Dallas-based Builders FirstSource reported strong sales gains in its third fiscal quarter.

 And even without counting acquisitions, sales showed a healthy gains.

October 23, 2014

USG Corporation had several milestones to celebrate last quarter -- including record quarterly operating profit in its Ceilings division and its highest quarterly adjusted EBITDA since 2006.

October 22, 2014

Lumber Liquidators reported sales gains for the third quarter ended Sept. 30, though its revenues fell on the lower end of its guidance and below those of Wall Street.

The company also updated its full-year expectations for 2014: net sales are expected to fall within the range of $1.05 billion to $1.065 billion, compared to $1.05 billion to $1.10 billion. Earnings per diluted share are expected to come in at a range of $2.38 to $2.52, down from the previous guidance of $2.65 to $3.00.

October 13, 2014

Citing a recent decision to invest in the company's retail and leadership staff, Fastenal reported double-digit sales growth in the third quarter of 2014.

August 20, 2014

The Home Depot’s President of U.S. Retail Craig Menear had plenty of positive numbers to discuss from a merchandising standpoint after the company reported comp-store sales growth of 5.8% in the second quarter.

All three U.S. divisions had positive comps, and also beat their sales plan, Menear said. Additionally, all departments had positive comps for the quarter, in which Home Depot reported sales of $23.8 billion.

August 19, 2014

It’s no wonder The Home Depot CEO Frank Blake was smiling wide in his ALS Ice Bucket Challenge video. He and his leadership team were about to report second quarter net earnings in excess of $2 billion.

“We saw broad based growth in the quarter across all of our geographies,” Blake said during the company’s second quarter earnings call Tuesday morning.

August 19, 2014

Home Depot's net earnings crossed the $2 billion mark in the second quarter, as spring business for the world's largest home improvement retailer rebounded along with core departments.

Net earnings of $2.050 billion were up 14.2% from the same quarter last year. Net sales rose 5.7% to $23.811 billion. Comparable store sales were positive 5.8% -- and positive 6.4% for U.S. stores.

August 12, 2014

Valspar announced its third-quarter earnings on Tuesday, posting double-digit sales growth that warranted an increase in the company's fiscal 2014 sales growth guidance.

Net sales of $1.20 billion for the quarter represented a 10.5% year-over-year increase.

The company reported net income of $97.83 million, up from $93.81 in the same quarter last year.

August 7, 2014

Masonite International Corporation announced steady sales growth of 8.2% and a net profit for the second quarter of 2014, putting the company back in the black after it suffered a loss in the same quarter last year.

Net sales increased by $37.1 million to a total of $490.2 million for the three months ended June 29. Masonite largely attributed the growth to a 5.5% increase in average unit price and a 3.4% increase in unit volumes.

Net income came in at $5.6 million, up from 2013's loss of $1.2 million.

August 5, 2014

Scotts Miracle-Gro reported declines in sales and income for the third quarter of 2014, but pointed to momentum that may place the company at the top end of its guidance for the year.

"The second half of the lawn and garden season has been extremely strong, with positive consumer purchases against the double-digit increases we posted a year ago," said Jim Hagedorn, chairman and CEO. "Our momentum is carrying into the fourth quarter with consumer purchases in July at an all-time high and our European business on track to have its most profitable year ever."

August 1, 2014

After a slow first quarter, Fortune Brands and Home Security saw a second-quarter 10% year-over-year sales bump. The company also announced that it had acquired Sentry Safe for $117.5 million.

In the second quarter, Fortune Brands reported $1.4 billion in sales, and $136.6 million in operating income before charges and gains — a $20.1 million increase over the second quarter of 2013. The total company’s pre-gains operating income grew by 28%.

July 31, 2014

Newell Rubbermaid reported its second-quarter financial results Thursday morning, which pointed to strong progress in line with the company's full-year outlook for 2014.

Net sales for the three months ended June 30 were $1.52 billion, up 3.1% from last year's net of $1.47 billion.

Net income came in at $150.6 million for the quarter, up 37.2% from 2013's income of $109.8 million.