Content about Company Earnings Announcement

April 17, 2014

The Sherwin-Williams Company announced mixed results Thursday for the first quarter of 2014, which saw greater top-line revenue for the company that wasn't matched by its net income performance.

Net sales for the three months ended March 31 were $2.37 billion, up 9.2% from $2.17 billion the year before. Sherwin-Williams attributed the increase primarily to higher paint sales volume in the Paint Stores Group and acquisitions, which accounted for 4.5% of the increase alone. Net sales in the Paint Stores Group increased 16.4% to $1.36 billion.

April 17, 2014

Universal Forest Products, Inc. announced its first-quarter 2014 results Wednesday, which showed marked improvement in bottom-line earnings but relatively stagnant revenues.

Net sales for the quarter came in at $554.0 million, barely changed since last year's $554.5 million. Net earnings for the peiod came in at $7.2 million, which is up 38% year-over-year.

April 11, 2014

Winona, Minn.-based Fastenal Co. reported net sales of $876.5 million in the first quarter ended March 31, an increase of 8.7% over the same period last year. 

Net earnings increased 2.6% to $111.9 million. 

April 9, 2014

San Diego-based WD-40 Company reported second-quarter net sales of $94.2 million, up 9% from the same quarter last year.

Net income, however, slipped 1% to $10.3 million. 

March 13, 2014

Williams-Sonoma reported net revenues increased to $1.5 billion in the fourth quarter ended Feb. 2 from $1.4 billion in the prior-year quarter. This year’s fourth quarter had just 13 weeks compared with last year’s fourth quarter, which had 14; excluding the additional week in the prior-year quarter, net revenues grew 10%.

Net earnings totaled $133.8 million, up from $133.7 million in the prior-year fourth quarter.

February 27, 2014

For the 19th straight quarter Home Depot's total company comparable-store sales beat those of Lowe's. But the contest is getting closer.

February 26, 2014

Masonite's progress during the fourth fiscal quarter was largely stagnant, with sales improving 0.5% and net loss increasing by approximately $100,000.

Net sales for the quarter totaled at $420.5 million, with its net loss weighing in at $7.6 million.

For the full fiscal year, sales increased 3.3% to $1.7 billion. The company's bottom line also enjoyed a boost, with net loss decreasing by $12.2 million to $11.0 million.

February 26, 2014

Winchester, Va.-based Trex Company reported fourth-quarter sales of $63.8 million, an increase of 38% over the same quarter last year.

“We brought 2013 to a very strong finish,” said chairman, president and CEO Ronald W. Kaplan. “Expanded distribution and dealer demand across the country contributed significantly to sales and are helping us advance a key initiative -- increasing market share.”

February 23, 2014

The first fiscal quarter of 2014 proved relatively constructive for The Toro Co.'s sales, but the equipment manufacturer backtracked in terms of net earnings.

Toro reported net sales of about $446 million for the three months ended Jan. 31, a 0.29% increase from the same period last year. 

Meanwhile, net earnings weighed in at $25.9 million, down from $31.4 million in the first quarter of 2013.

February 21, 2014

After making major investments in store openings and infrastructure in 2013, Tile Shop Holdings reported fourth-quarter improvements in sales and earnings.

But with a full-year loss of $35.7 million, the company said it still has a long way to go.

In the fourth quarter, the specialty retailer of manufactured and natural stone tiles, reported net sales of $57.8 million, up 25.2% from the year-ago period. Comparable-store sales increased 10.1%.

February 20, 2014

Building products distributor BlueLinx reported sales gains for the fourth quarter and full year, but still finished in the red. 

For the quarter, sales increased 10.4% to $486.3 million. The company narrowed its fourth quarter net loss to $2.5 million, compared to a net loss of $11.4 million in the same quarter last year. 

February 19, 2014

Oak Brook, Ill.-based Ace Hardware Corp. reported total fiscal 2013 revenues of $4.2 billion, an increase of 8.2% over the previous year.

“2013 was a record year for the company," said John Venhuizen, Ace president and CEO. “We outperformed our operating plan, exceeding $4 billion in consolidated revenues and $100 million in net income for the first time in our history.”

February 14, 2014

Louisiana-Pacific's net income shot up to over five times its 2012 totals in 2013, even though the company posted a loss in the fourth quarter.

Net sales for the quarter ended Dec. 31 were $479.7 million, up from year-ago figures of $453.9 million. For the full year, sales were up 23.3% at $2.09 billion.

Net income for LP came in at a loss of $20.4 million for the quarter, compared to 2012's fourth-quarter income of $46.1 million. However, LP more than made up for it over the course of 2013, generating $177.1 million in income over 2012's $28.8 million.

February 13, 2014

Universal Forest Products, Inc. made a strong comeback in the fourth quarter of 2013, with net sales and earnings up considerably across the board.

Fourth-quarter net sales for the company were $525.7 million, up 11.7% year-over-year. Net sales for the year were $2.5 billion, a 20.2% improvement.

Meanwhile, net earnings for the quarter swung to a profit of $8.0 million after a loss of $1.9 million in the fourth quarter of 2012. For the year, net earnings nearly doubled, with 2013's $43.1 million beating out 2012's $23.9 million.

February 12, 2014

Minneapolis-based global paint company Valspar Corp. reported first-quarter net sales of $956 million, up 9% over the same quarter last year. 

Net income declined to $53.5 million, compared with $55.0 million in the year-ago quarter.

February 11, 2014

Taylor, Mich.-based Masco Corp.'s fourth-quarter net sales from continuing operations increased 9% to $2.0 billion, the company reported late Monday.

For the full year, net sales increased 9% to $8.2 billion.

Net income for the fourth quarter was $45 million, compared with a loss of $87 million in the same quarter last year. For the full year, net income swung to a profit of $272 million, compared with a loss of $114 million in 2012.

February 10, 2014

The Scotts Miracle-Gro Company released its fiscal first-quarter results, which were in line with the company's expectations but showed little year-over-year movement.

Net sales for the three months ended Dec. 28, 2013, were $196.4 million, down 5% compared with the same quarter last year. The company attributed the decline to the timing of pre-season shipments to retailers.

Net income marked a 2% improvement, though the company has been operating at a loss. Income for the quarter was a loss of $103.4 million, a slight improvement over last year's loss of $105.1 million.

February 7, 2014

USG Corporation reported fourth-quarter and full-year results for 2013, generating fiscal-year net income for the first time since 2007.

Net sales for the three months ended Dec. 31 were $915 million, up a full $100 million year-over-year. Sales for the full year came in at $3.6 billion, also marking robust growth since 2012's showing of $3.2 billion.

February 6, 2014

Scotts Miracle-Gro reported an adjusted loss from continuing operations for its first quarter of $65.4 million, which is an improvement of $3.1 million, compared with an adjusted loss of $68.5 million last year. 

Net sales in the three months ended Dec. 28, 2013, totaled $196.4 million, down 5% from $205.8 million during the same quarter a year ago. The company pointed to the timing of pre-season shipments to retailers for the decline.

February 3, 2014

Newell Rubbermaid reported strong fourth-quarter and full-year results, to the tune of a double-digit year-over-year improvement in its bottom line.

Net sales for the three months ended Dec. 31 were $1.49 billion, up 2.9% in year-ago terms. For the full year, sales came in at $5.69 billion, a 2.0% increase over 2012.

The company realized significantly better progress in terms of its net income. Income for the fourth quarter was $117.3 million, up 15.1% year-over-year. For the 12-month period, income was $474.6 million, up 18.3% from 2012's $401.3 million.

January 31, 2014

Federal Way, Wash.-based Weyerhaeuser posted net earnings of $540 million for the full year 2013, up from $385 million in 2012. 

Net sales for the year were $8.5 billion, up from $7.1 billion in 2012.

The company noted that in 2013 it doubled earnings before special items, increased its per share dividend by nearly 30% and announced a deal to combine its real estate operation with TRI Pointe Homes. It also acquired about 645,000 acres of timberlands in the Pacific Northwest through the purchase of Longview Timber.

January 30, 2014

Whirlpool reported record earnings in 2013 for the full-year and three months ended Dec. 31, with net earnings more than doubling over 2012.

2013's net earnings of $827 million more than doubled 2012's $401 million. Additionally, fourth-quarter earnings of $181 million were 48.4% above year-ago figures.

Overall, net sales for the appliance manufacturer were $18.8 billion for the year -- a 3.5% improvement -- and $5.09 billion for the quarter, up 6.2% year-over-year.

January 29, 2014

Forth Worth, Texas-based homebuilder D.R. Horton, Inc. reported robust growth in the first quarter of fiscal 2014, with net income up 86% year-over-year.

Homebuilding revenue for the first quarter ended Dec. 31, 2013 was up 33% to $1.63 billion since the first quarter of last year. Additionally, home closings were up 19%. In total, net revenue was $1.64 billion, compared to $1.23 billion year-over-year.

Net income came in at $123.2 million, up dramatically since last year's $66.3 million.

January 24, 2014

Stanley Black & Decker's fourth-quarter earnings dropped 89% on a year-ago basis, due in large part to its mergers and acquisitions activities.

January 22, 2014

Durham, N.C.-based Cree, maker of LED technology and products, including a $10 LED bulb found at Home Depot, reported a 20% increase in second-quarter sales.

The company's revenues of $415.1 million were up from $346.3 million in the year-ago quarter. Net income for the second quarter, ended Dec. 29, was $35.7 million, up 75% from last year's second quarter.