Content about News - Financial

December 14, 2014

For the 30 publicly traded companies tracked by the HCN Stock Watch, the second quarter was better than the first, and the third quarter was better than the second.

From Sept. 9 through Dec. 10, the 27 out of the 30 companies tracked posted positive sales gains. That figure is up from 21 positive sales gainers in the first quarter and 25 in the second. 

December 5, 2014

The last quarter was a tale of two divisions for Hoffman Estates, Illinois-based Sears Hometown and Outlet Stores, Inc.

The company's Outlet division's comparable store sales jumped 9.3%. But the more hardware-oriented Hometown stores saw comp-store sales decline 6.2%.

Overall, the 1,257 locations of Sears Hometown and Outlet Stores saw comps decline 2.3% for the quarter, in which its operating loss was $173.6 million.

November 20, 2014

Herndon, Virginia-based Continental Building Products, a manufacturer of gypsum wallboard and complementary finishing products, announced a secondary public offering of stock.

The launch involves 7,000,000 shares of common stock to be offered by the company’s largest stockholder, an affiliate of Lone Star Funds. 

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.

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 31, 2014

St. Louis-based distributor Huttig Building Products was lifted by modest improvement in home construction in the third quarter.

The company posted nets sales of $174.5 million in the quarter, a 14% improvement over the same quarter last year.

October 31, 2014

Newell Rubbermaid net sales for the third quarter came in at $1.48 billion, up 1.3% from last year's $1.47 billion.

The company didn't fare so well in terms of net income: this year's $122.3 million was down from 2013's $193.3 million.

Describing the quarterly performance, Newell Rubbermaid president and CEO Michael Polk focused on more granular results, where there was a sunnier outlook.

October 29, 2014

Eagle Materials Inc. pointed to record revenues and double-digit sales growth in the second quarter ended Sept. 30.

Net revenues of $284.8 million put the company up 13% on a year-over-year basis, thanks in large part to what it deemed record cement sales volumes of 1.5 million tons.

Likewise, Eagle also hit a new record in quarterly cement earnings -- $38.5 million to be exact, up 19% since last year. However, wallboard experienced the most growth in terms of earnings, up 24% to $37.0 million.

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

Masco Corporation received a 4% boost in sales in the third quarter, which it largely attributes to activity in its Plumbing Products, Other Specialty and Installation, and Other Services segments.

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

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 17, 2014

According to WD-40 Company president and CEO Garry Ridge, the fourth quarter of 2014 had its ups and downs. However, it marked the best quarter in history for the company in terms of revenue.

"We had a good quarter and a good year and are pleased we have been able to maintain sustainable growth across our core business globally," said Ridge. "While we saw both positive and negative impacts from changes in foreign currency exchange rates, we had local currency growth across key markets and the fourth quarter was our highest revenue quarter in history."

October 1, 2014

Frank Roach, CEO of plumbing supply distributor Ferguson, credited the people behind the plumbing for a “wonderful” 2014.

The company, a division of U.K.-based Wolseley, increased its revenue more than 10% in fiscal 2014, ending the year with sales of $11.6 billion, up from $10.6 billion last year.

September 25, 2014

KB Home president and CEO Jeffrey Mezger had good things to say about the company's third-quarter earnings report, which demonstrated a 7% uptick in revenues.

“Our business continues to perform well, reflecting the actions we have taken to position our operations for success,” said Mezger. “We are clearly seeing the impact of strategies that we have implemented over the past few years."

September 9, 2014

Sears Hometown and Outlet Stores reported a 2.8% drop in revenue during the second quarter of 2014, sluggish results that president and CEO Bruce Johnson attributed to a highly promotional sales environment among competitors.

August 21, 2014

The Toro Company declared that it was well on its way to meeting its previously stated 2014 goals upon the release of its third-quarter earnings report Thursday.

Sales for the quarter were up 11.3% year-over-year to what Toro referred to as a "record $567.5 million," riding a wave of strong retail demand across its various segments.

Net earnings of $50.0 million were also up in comparison to last year's $40.1 million.

August 21, 2014

Describing second-quarter earnings as "unacceptable," Sears Holdings Corp. chairman and CEO Edward Lampert added that his company's transformation is continuing and online sales are growing.

The company reported second-quarter net loss of $573 million, compared with a loss of $194 million in the same quarter last year. Revenues decreased $858 million to $8.0 billion for the quarter ended Aug. 2, 2014. 

August 14, 2014

Manufacturer of kitchen and bathroom cabinetry Norcraft Companies reported sales and earnings gains for its second quarter.

The Eagan, Minnesota-based company posted net sales of $97.6 million, up 8.1% from the previous quarter. It also saw net income increase from $9.1 million to $11.2 million.

August 13, 2014

With heavy investment in its Paint Studio and a corresponding media blitz to promote it, wholesale sales at Ace Hardware Corp. jumped double digits in the second quarter, the co-op reported Wednesday morning.

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