Snap-On Tools sees sales increase $49m following Norbar acquisition
Snap-On Tools, which acquired Norbar Torque Tools in May, saw a rise in sales in Q2 2017, both organic and non-organic. Net sales increased $49.1m (5.6%) from $921.4m, reflecting a £23.2m (2.7%) organic sales gain and $38.4m of acquisition-related sales. That figure was offset by $12.5m of unfavourable foreign currency translation. Snap-On’s boss noted that […]
Sales rise to $2.6 billion for Grainger
Grainger has reported an increase in sales for Q2 2017. Sales rose 2% to $2.6 billion while company operating earnings were down 24% to $232 million thanks largely to restructuring costs – excluding restructuring in both years, operating earnings were down 9%. The two reportable segments of the business – the US and Canada – represent […]
‘Q2 felt more like Fastenal’ says fastener distributor boss
Net sales have risen for Fastenal, which has now published its latest financials, covering the first half of 2017 and Q2. Q2 net sales were up 10.6% to $1,121.5m, with profit up 11.3% to $558.5m. First half 2017 net sales reached 2,169.2m, up 8.4% , while profit rose 8.4% to 1,076.5. Higher unit sales drove […]
‘Strong underlying demand in automotive’ boosts Bulten sales
Bulten has grown sales in 2017 so far, with Q2 net sales up 3% to SEK 708 million and half year net sales rising 6% and hitting SEK 1,486 million. Bulten received a strong order intake during Q2 and growth was affected be fewer production days in the period – indicating “strong underlying demand in […]
Bossard beats expectations with higher mid-year profits
High sales growth in all market regions has resulted in an above-average mid-year profit for Bossard – the firm behind With performance considerably stronger than early-year expectations, the group cited above-average growth rates for America, Europe and Asia. Consolidated net income in the first half of 2017 is expected to be more than 30% above […]
Asia-Pacific sales rocket for NORMA Group
NORMA Group saw sales growth in three regions in the first quarter of 2017, with sales up 12.5% to €254.9 million. Following a “challenging 2016”, NORMA’s strong start to the year included significant growth in the EMEA (Europe, Middle East and Africa regions) and Asia-Pacific regions. EMEA sales rose 14.1% to €127.9 million in Q1 […]
Financials round-up: BUFAB, Toolstation owner Travis Perkins & Bulten’s Q1 bonanza
Travis Perkins: Growth for Toolstation and Wickes owner Travis Perkins Q1 2017 saw total sales growth of 4.% and like-for-like sales growth of 2.7% The combination of our Merchanting divisions (General Merchanting, Plumbing & Heating and Contracts) delivered total sales growth of 5.1% and like-for-like sales growth of 2.6%. Underlying performance of both Wickes and […]
America boosts Bossard results for Q1 2017
Bossard has seen its highest growth in America in Q1 2017, with sales up 29.9% to CHF 56.9m (+28.4% in local currency). Although buoyed by the Arnold Industries acquisition at the tail end of last year, Bossard said growth was strong in the US market even without the acquisition. Working with “the largest US electric […]
UK and Poland drive sales for Kingfisher group
Kingfisher group saw underlying pre-tax profits of £787 million, up 14.7% thanks in part to strong like-for-like sales growth in the UK and Poland (in the financial year ending 31 January 2017) Total adjusted sales in constant currencies were up 1.7% (UK & Ireland +2.4%; France (1.4)%; Other International +7.0%) Kingfisher UK & Ireland sales […]
Exceptional £235 million charge hits Travis Perkins profits
Travis Perkins Group saw revenues rise 4.6% in 2016, with adjusted operating profit reaching £392m, up £3m on 2015. However, an exceptional charge of £235m in the plumbing & heating and tile businesses impacted on Group profits. Profit before tax fell to £73m in 2016, £151m lower than 2015 (2015: £224m). Other exceptional charges in the […]