Content about Company Earnings Announcement

May 21, 2013
Home Depot keeps rolling in first quarter

Atlanta-based The Home Depot reported first-quarter sales of $19.1 billion, up 7.4% from last year's quarter, which had one less week. 

On a like-for-like basis, comparable-store sales for the first quarter were positive 4.3%. U.S. stores comps were positive 4.8%, also on a like-for-like basis.

May 23, 2013
Ace reports uptick in revenues

Oak Brook, Ill.-based Ace Hardware reported first-quarter revenues of $923.2 million, up 1.7% from the same quarter in 2012.

Net income of $4.4 million was down from $10.2 million earned in 2012.

May 23, 2013
Toro rides through residential downturn

Bloomington, Minn.-based The Toro Co. reported record highs in sales and earnings for the second quarter, despite a double-digit sales decline in the residential division.

The company posted net earnings of $78.4 million, on a net sales increase of 1.9%, to $704.5 million for its fiscal second quarter ended May 3. 

In the comparable fiscal 2012 period, the company delivered net earnings of $68.8 million on net sales of $691.5 million. 

May 14, 2013
Valspar sales flat in second quarter

Minneapolis paint giant Valspar reported second quarter net sales of $1.03 billion, essentially flat with the prior-year quarter.

The company, which recently signed a deal to become the key supplier of paint for Ace Hardware, reported net income of $76.9 million, up from $76.5 million in last year's second quarter.

Volume was up 7%, including the Ace deal, up 3% excluding Ace. 

May 9, 2013
Central Garden & Pet Q2 sales rise

Central Garden & Pet reported second-quarter net sales of $498.2 million, a 7% increase over the comparable fiscal 2012 period.

Central Garden & Pet reported second-quarter net sales of $498.2 million, a 7% increase over the comparable fiscal 2012 period. Net income for the second quarter ended March 30 was $22.2 million, compared with net income of $21.6 million in the second quarter of 2012. 

May 7, 2013
LP reports strong Q1

Louisiana-Pacific reported net sales of $538 million, an increase from $362 million in the first quarter of 2012.

Louisiana-Pacific reported net sales of $538 million, an increase from $362 million in the first quarter of 2012. For the first quarter of 2013, LP reported income from continuing operations of $65 million, compared with a loss from continuing operations of $11 million for the first quarter of 2012.

May 3, 2013
Newell Rubbermaid reports decline in Q1 income

Newell Rubbermaid reported first-quarter net income of $54.2 million, down 31.7% from $79.3 million. Sales for the quarter were $1.241 billion, down 0.8%.

Newell Rubbermaid reported first-quarter net income of $54.2 million, down 31.7% from $79.3 million. Sales for the quarter were $1.241 billion, down 0.8%.

During the earnings release, the company announced plans to sell its Hardware and Teach Platform business. 

May 3, 2013
Newell Rubbermaid to trim its portfolio

The company has announced plans to sell its “Hardware and Teach Platform” businesses.

Newell Rubbermaid has announced its intention to sell its Hardware and Teach Platform businesses -- the Bulldog, Shurline, Ashland and Amerock brands, the drapery hardware business, and Mimio.

“These are good businesses run by talented people but they do not fit with our strategy,” said CEO Michael Polk. 

In 2012, the Hardware and Teach Platform represented net sales of more than $300 million. Newell’s Irwin Tools brand is not part of the group up for sale.

May 1, 2013
Spectrum Brands loss widens in Q2

Despite sales gains, the consumer products company based in Madison, Wis., posted a net loss of $41.2 million.

Spectrum Brands reported a second quarter net loss of $41.2 million. This compared with a net loss of $28.7 million in the year-ago quarter.

The Madison, Wis.-based consumer products company -- including such brands as Rayovac and George Foreman Grills -- purchased Stanley’s hardware and home improvement (HHI) segment last year. Sales were $987.8 million for the three months ended March 31, up from $746.3 million.

April 30, 2013
Masco posts first-quarter growth

Taylor, Mich.-based Masco Corp. says it continues to benefit from trends in new home construction.

Taylor, Mich.-based Masco Corp. reported first-quarter net sales of $1.88 billion, up 3.9% from the same quarter last year.

Net income for the giant manufacturer of home improvement and building products was $47 million, up from $33 million in the prior-year quarter. 

April 26, 2013
Sales and earnings decline for Simpson

Simpson Manufacturing Co. reported net sales for the first quarter ended March 31 decreased 2.6% to $154.5 million.

Pleasanton, Calif.-based Simpson Manufacturing Co. reported net sales for the first quarter ended March 31 decreased 2.6% to $154.5 million. 

The company had net income of $4.8 million for the first quarter of 2013 compared with net income of $7.2 million for the first quarter of 2012. 

April 26, 2013
Weyerhaeuser posts Q1 gains

Braced by strong sales of wood products, the Federal Way, Wash.-based company reported a sales increase of 33%.

Braced by strong sales of wood products, Federal Way, Wash.-based Weyerhaeuser Co. reported net earnings of $144 million for the first quarter. This compares with net earnings before special items of $9 million for the same period last year.

Net sales for the first quarter of 2013 rose 33% to $2.0 billion, compared with net sales of $1.5 billion for the first quarter of 2012.

April 25, 2013
Stanley reports Q1 sales gain

New Britain, Conn.-based Stanley Black & Decker saw revenues grow, largely as the result of acquisitions.

New Britain, Conn.-based Stanley Black & Decker saw revenues grow, largely as the result of acquisitions.
The company reported first-quarter revenues of $2.49 billion, an increase of 3% over the prior-year period. Volume and currency each declined approximately 1%, while acquisitions added 4% to that total. 
 
Net earnings declined to $81.1 million for the quarter, compared with $121.8 million in the same quarter last year. 
 

April 24, 2013
USG gets back in the black

USG Corp. hailed its "first quarter of net income in more than five years," as sales increase 4% in the first quarter.

Chicago-based building industry giant USG Corp. reported first-quarter net sales of $814 million, up 4% from first-quarter 2012 net sales of $783 million.

First-quarter 2013 net income was $2 million. This result compares with a $27 million net loss in the first quarter of 2012.

April 10, 2013
Fastenal points to growth in Q1

Despite "weakening industrial environment," Fastenal sales are up 4.9% in the first quarter ended March 31.

Winona, Minn.-based Fastenal reported first-quarter net sales of $803.3 million, up 4.9% from $768.9 million in the same quarter last year.

Net earnings for the quarter ended March 31 were $109.0 million, up 8.8%.

Those numbers reflect expansion of the company's footprint. The 2,660-store operator opened 11 new stores in the first three months of 2013, an increase of 0.4% since December 2012. 

April 1, 2013
KB Home Q1 revenues rise

KB Home reported its first-quarter net loss narrowed by $33.3 million, or 73%, to $12.5 million, compared with a net loss of $45.8 million in the first quarter of 2012.

KB Home reported its first-quarter net loss narrowed by $33.3 million, or 73%, to $12.5 million, compared with a net loss of $45.8 million in the first quarter of 2012.

Revenues for its first quarter ended Feb. 28 increased 59% to $405.2 million from $254.6 million for the first quarter of 2012 as a result of an increase in the number of homes delivered and a higher average selling price. Compared with the year-earlier quarter, revenues were up across all of the company's home-building regions.

April 1, 2013
S&P lifts credit rating on Whirlpool

Standard & Poor's Ratings Services upgraded Whirlpool's long-term corporate credit rating one notch to "BBB" from "BBB-," the lowest investment-grade rating.

Standard & Poor's Ratings Services upgraded Whirlpool's long-term corporate credit rating one notch to "BBB" from "BBB-," the lowest investment-grade rating. S&P cited an improving economy and stronger housing market. 

The ratings agency also pointed to the appliance maker's growth in emerging markets and lower cost structure.

February 21, 2013
Luxury finds its way back home

The nation's single-family housing market is springing back to life, and the luxury market is budding right along with it.

Luxury homes have received a healthy boost from historically low mortgage rates, increased buyer confidence and burgeoning interest from foreign investors looking to capitalize on favorable exchange rates.

One bellwether of the recovery: Toll Brothers, the largest luxury home builder in the United States, reported that fourth-quarter revenues (ended Oct. 31, 2012) were up 48%, and new orders were the highest level seen since 2006.

February 21, 2013
Toro reports record-setting first quarter

The Toro Co. reported net earnings of $31.4 million in the first quarter of 2013, compared with net earnings of $19.9 million in the same quarter last year.

The Toro Co. reported net earnings of $31.4 million in the first quarter of 2013, compared with net earnings of $19.9 million in the same quarter last year.

Net sales increased 4.9% to $444.7 million for the period ended Feb. 1.

February 19, 2013
OSH looks to reposition and refinance

San Jose, Calif.-based Orchard Supply Hardware said sales were down in 2012, but the company pointed to improved “financial flexibility.”

San Jose, Calif.-based Orchard Supply Hardware said sales were down in 2012, but the company pointed to improved “financial flexibility.”  

Orchard Supply Hardware Stores (OSH) says it is trying to modify its term loan debt and work to improve its capital structure. 

February 15, 2013
BlueLinx reports narrowed loss for full year

Atlanta-based building products distributor BlueLinx Holdings reported a narrowed loss for the full year ended Dec. 29 as sales picked up.

BlueLinx Holdings, the Atlanta-based distributor of building products, reported a loss of $23.0 million for the full year ended Dec. 29. That compares with a loss of $38.6 million in the prior year.

Sales for the year increased 8.7% to $1.91 billion.

"As we move forward in 2013, we are confident in our ability to both increase our penetration of a growing market and maintain the operating discipline that we demonstrated over the last several years," said George Judd, president and CEO.

February 7, 2013
Spectrum Brands reports record Q1 sales

With the acquisition of a few Stanley divisions in December, Spectrum Brands points to "record results."

The acquisition of Stanley's Hardware and Home Improvement (HHI) division loomed large over Spectrum Brand's first-quarter report, boosting sales to new heights while generating a net-loss on one-time costs. 

Spectrum reported record net sales of $870.3 million, including the HHI and FURminator acquisitions, up 2.5% in the first quarter of fiscal 2013, which consisted of two fewer shopping days, versus $848.8 million a year ago. Excluding negative foreign exchange impact, net sales grew 3.2%.

February 5, 2013
Lennox points to strong residential business

Heating and air conditioning giant Lennox International reported fourth-quarter revenue of $685 million, up 6% from the prior-year quarter.

Heating and air conditioning giant Lennox International reported fourth-quarter revenue of $685 million, up 6% from the prior-year quarter.

For the full year, revenue was $2.9 billion, up 4% from the prior year. At constant currency, revenue was up 5%. 

January 25, 2013
Weyerhaeuser reports strong 2012 earnings, sales

Federal Way, Wash.-based Weyerhaeuser reported net earnings of $385 million for the full year 2012, compared with net earnings of $331 million for the full year 2011.