Content about Company Earnings Announcement

July 29, 2014

Taylor, Michigan-based Masco announced that adjusted operating profit grew by 21% in its second quarter.

Net sales from continuing operations rose 5% to $2.3 billion, up from $2.1 billion for the second quarter of 2013.  North American sales increased 4%, and international sales increased 9% in U.S. dollars.

July 29, 2014

Plum Creek Timber reported second-quarter earnings of $55 million, up 20% from $46 million in the year-ago period. Revenues totaled $356 million, up 17% from revenues of $303 million in the second quarter of 2013.

Earnings for the first six months of 2014 were $85 million, down 17% from $102 million in the same period in 2013. Revenues for the first six months were $673 million, up 5% from $643 million.

July 25, 2014

Builders FirstSource achieved its highest sales level since 2006 as it swung to a profit in the second quarter ended June 30.

The Dallas-based pro dealer reported sales of $426.5 million, up 7.1% from the same quarter last year. Net income was $10.6 million, compared to a net loss of $48 million in the first quarter last year.

July 25, 2014

Pleasanton, California-based Simpson Manufacturing reported a 6.4% increase in revenue during the second quarter of 2014.

Net sales for the three months ended June 30 were $207.9 million, compared to $195.3 million in the same period last year. Regionally, North America reported the largest increase in dollars, with Europe claiming the largest percentage jump at 9.1%.

Net income of $20.5 million for the quarter was also an improvement over 2013's $18.5 million bottom line. Gross profit also increased to $95.9 million from $89.2 million.

July 25, 2014

Stanley Black & Decker's second-quarter performance saw slow sales growth mixed with strong net earnings.

The company reported net sales of $2.9 billion for the three months ended June 28, up 1% compared to the same period last year. Net earnings attributable to common shareholders was $216.5 million, up from $187.1 million in the second quarter of 2013.

July 24, 2014

Despite soft sales early in its second quarter, Tractor Supply Co. reported a sales gain of 8.8% and comparable-store sales of positive 1.9%.

The Brentwood, Tennessee-based farm-and-ranch-store giant reported $1.58 billion in sales for the period ended June 29, compared with $1.46 billion in the same quarter last year. 

Net income for the quarter increased 8.0% to $133.4 million, up from $123.6 million. 

July 24, 2014

USG Corporation touted its second quarter results, which brought in its highest quarterly net income since 2007.

Net sales for the three months ended June 30 came in at $948 million, an increase of 3.5% from $916 million year-over-year.

Net income for the quarter totaled $57 million, up from $25 million in the second quarter of 2013. An adjusted operating profit of $93 million was also a nice boost, up from $76 million.

July 23, 2014

Whirlpool Corporation reported net sales of about $4.7 billion in the second quarter of 2014, virtually unchanged from the company's performance in the same quarter last year.

Net sales for the three months ended June 30 totaled $4.68 billion, down 1.4% from $4.75 billion in 2013.

The company's bottom line read $179 million for the quarter, down from $198 million in the second quarter of last year.

July 21, 2014

Newell Rubbermaid is paying $308 million for Ignite Holdings, a manufacturer of reusable water bottles and travel mugs under the Contigo and Avex brands.

Ignite Holdings is currently under North Castle Partners, a private equity firm with a focus in healthy living products. The company has exhibited a track record of growth, with a historical four year sales CAGR of 35%.

July 18, 2014

Following its agreement last month to acquire Consorcio Comex, Pittsburgh, Pennsylvania-based PPG Industries released what it called a record performance for its second quarter. 

PPG reported net sales from continuing operations of $4.08 billion, up 5.1% from $3.88 billion in the same quarter last year.

Net income increased 13.2% to $386 million. 

PPG announced June 30 it had reached an agreement to acquire Consorcio Comex, a leading Latin American architectural and industrial coatings company, in a transaction valued at $2.3 billion.

July 17, 2014

A more stable lumber market boosted the second-quarter performance of Universal Forest Products, even as the company was forced to pay higher duties for Chinese nails. 

Universal reported second-quarter net earnings of $21.8 million, up 38.1% over net earnings of $15.8 million for the second quarter of 2013. Net sales were $773 million, up 4.6% from $738 million in the same quarter last year.

July 17, 2014

Sherwin-Williams reported a 12.1% sales increase and a corresponding boost in income for the second quarter.

The company took in net sales of $3.04 billion over the three months ended June 30, up from $2.71 billion in the second quarter of 2013.

The increase was largely buoyed by a 17.2% increase in net sales for the Paint Stores Group, due in large part to higher architectural paint sales volume.

This translated to a 13.3% boost in net income: $291.45 million in 2014, compared with $257.29 million in 2013.

July 11, 2014

Winona, Minnesota-based Fastenal Company reported steady progress for the second quarter of 2014, with sales and earnings both positive.

Net sales for the three-month period ended June 30, 2014 were $949.9 million, up 12.1% from the same period in 2013.

Net earnings came in at $130.5 million, an increase of 7.9% from last year's $121.0 million in earnings.

The company largely attributed the boost to higher unit sales and its recent investment in leadership and training, as well as in distribution and internal manufacturing capabilities.

July 10, 2014

Though sales were up 3% and income increased 1% for WD-40 Company in the third quarter, shares for the lubricants and cleaner supplier were down more than 6% Thursday morning after management narrowed the full-year guidance.

Net sales for the quarter came in at $95.7 million, up from $93.1 million in the same quarter last year. This was largely carried by sales of multi-purpose maintenance products; sales of homecare and cleaning products decreased 1%.

May 22, 2014

The Toro Company made solid progress in the second fiscal quarter of 2014, with net sales up 5.8% and earnings pushing ahead 11.1%.

Total sales for the three-month period ended May 2, 2014 were $745.0 million, up from $704.5 million a year ago. Sales for the six-month period were also up 3.6%.

Meanwhile, net earnings came in at $87.1 million for the quarter, compared to $78.4 million in 2013. 

May 19, 2014

On the brink of further growth given its recent debut with Ace's Paint Studio concept, Valspar made solid gains in the second fiscal quarter of 2014.

Net sales of $1.13 billion reflected a year-over-year increase of 9.60% for the quarter ended April 25. The boost was carried mainly by the Coatings segment, which was up 12%; the Paints segment was also up 8%.

Net income came in at about $86.0 million, an 11.8% jump from last year's net of $76.9 million.

May 12, 2014

Masonite International Corporation posted disappointing results in the first quarter of 2014, with a deeper cumulative loss and a sluggish sales pace that was, like for so many others, attributed to the harsh winter weather.

Net sales decreased 0.5% to $422.5 million for the three months ended March 30, which was partially explained by a 4.5% drop in unit volumes counterbalanced by a 5.7% increase in average unit price.

Meanwhile, net loss increased to $16.6 million from 2013's loss of $5.8 million.

May 9, 2014

Nashville, Tennessee-based Louisiana-Pacific reported first-quarter sales of $445 million, a 16% decline compared with the year-ago quarter. 

Like most building-material companies with construction-related customers, the winter weather was cited as a drag on the company's performance. 

April 29, 2014

Plum Creek Timber Company experienced a slow-down in sales during the first quarter of 2014, though a corresponding drop in income was largely expected due to to a timberland sale.

Net revenue for the three months ended March 31 was $317 million, down from $340 million in the same period last year. 

Net income for the quarter was $30 million, down 46.4% since the first quarter of 2013.

Despite the weak performance, CEO Rick Holley said he was pleased with the company's performance last quarter.

April 28, 2014

Armstrong World Industries pointed to favorable momentum benefiting both its top and bottom line in the first quarter of 2014.

Net sales for Armstrong were $634.4 million, up nearly 2% from the same period in 2013.

Net income came in at $16.9 million for the three months ended March 31, representing a good change from $3.2 million last year. A lower interest expense due to the write-off of deferred financing costs during last year's first quarter helped the company's bottom line.

April 28, 2014

Masco Corporation delivered a robust first quarter earnings report, with sales and income both demonstrating strong forward momentum.

Net sales for the three months ended March 31 were $1.97 billion, up from $1.88 billion in the first quarter of 2013.

The company attributed its top-line growth mainly to Plumbing Products, Installation and Other Services, as well as Other Specialty Products. International sales were also up in Europe.

Meanwhile, net income came in at $74 million, compared to $53 million in the same year-ago period.

April 28, 2014

Simpson Manufacturing scored considerable increases in both its top and bottom line in the first quarter of 2014.

Net sales for the three months ended March 31 were $168.3 million, up 9.1% from 2013's total revenue of $154.3 million. This was largely attributed to a large increase in North American sales, as well as the Europe and Asia/Pacific segments.

In terms of net income, the company took home $12.1 million, more than double its $4.8 million income in 2013.

April 28, 2014

USG Corp. reported its strongest first-quarter results since 2007, and profitability in its L&W Supply division.

First-quarter net sales of $850 million were up 4% over the previous year period. Net income of $45 million compares with net income of $2 million in the first quarter of 2013.

April 28, 2014

Federal Way, Wash.-based Weyerhaeuser reported first-quarter sales of $1.984 billion, up slightly from $1.951 billion in the first quarter last year.

“Despite unusually severe winter weather, we delivered strong operating results in the quarter," said Doyle Simons, president and CEO. "Our Timberlands business is realizing increasing benefits from the Longview Timber acquisition and reported its highest quarterly earnings, excluding land sales since 2006." 

April 21, 2014

The first quarter of 2014 was kind to PPG Industries' top-line revenue and its profits.

Net sales for the three months ended March 31 were $3.64 billion, up 17.1% year-over-year.

Profit from continued operations was $277 million, up roughly 45% from $191 million in the first quarter of 2013.