Content about Company Earnings Announcement

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.

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 29, 2014

True Value Company reported strong results in the second quarter, with a revenue boost of 4.5% driven largely by an expanded assortment of farm, ranch, automotive, pet, seasonal and plumbing products.

Reported revenue for the co-op was $429.5 million for the three months ended June 28, compared with $411.2 million year-over-year.

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.

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