Earnings Roundup: Stanley BD, Praxair, Rockwell Automation & More

We're in the midst of another quarterly earnings reporting period. For most publicly-traded companies, that means sharing their fourth quarter and full-year 2016 fiscal performance.

A handful of prominent industrial manufacturers and electronics distributors reported their figures over the past couple days. Here's the key numbers:

Stanley Black & Decker

Stanley Black & Decker reported its Q4 fiscals on Thursday. The company posted Q4 sales of $2.9 billion, up 3 percent year-over-year, while organic sales grew 4 percent. Total profit of $255.5 million was down 3.8 percent.

For the full year, Stanley BD total 2016 sales were $11.4 billion, up 2 percent over 2015, while organic sales grew 4 percent. Profit of $965.3 million increased 9.2 percent.

By segment in Q4:

  • Tools & Storage had sales of $1.93 billion (66.6 percent of total), up 6 percent year-over-year. North American organic sales grew 8 percent.
  • Security had sales of $533 million (18.4 percent of total), down 1 percent year-over-year. North American organic sales were flat.
  • Industrial had sales of $454 million (15.7 percent of total), down 5 percent year-over-year. North American organic sales were flat. Engineered Fastening organic sales declined 2 percent.

Praxair

Industrial gases supplier Praxair reported its Q4 and full year 2016 fiscals on Thursday. The company — which co-announced a $30 billion merger with Germany-based Linde — posted Q4 sales of $2.6 nillion, a 2 percent year-over-year increase. Total profit of $406 million decreased 3.4 percent. North American Q4 sales of $1.4 billion were down 2 percent year-over-year. Europe sales were down 9 percent, South America sales increased 18 percent, and Asia sales were down 1 percent.

Praxair Surface Technology Q4 sales of $149 million were down 2 percent year-over-year.

For the full year, total 2016 sales of $10.6 billion were down 2 percent from 2015, while profit of $1.5 billion fell 3 percent. 

Rockwell Automation

Factory automation equipment maker Rockwell Automation reported its 2017 Q1 fiscal results on Wednesday. The Milwaukee, WI-based company posted Q1 sales of $1.49 billion, up 4.5 percent year-over-year, and up 3.8 percent organically. Total profit of $214.7 million jumped 15.7 percent year-over-year.

Commenting on the results, Rockwell president and CEO said, "Four percent organic growth in the quarter is a great start to the fiscal year, better than we expected. We returned to organic growth in our largest market, the U.S., and we saw double-digit growth in emerging markets. I am also pleased with the contribution from recent acquisitions, along with our strong margin performance."

Rockwell's Control Products & Solutions Q1 sales of $793.9 million were up 1.3 percent year-over-year, with organic sales up 0.7 percent. Architecture & Software Q1 sales of $696.4 million increased 8.3 percent year-over-year, with organic sales up 7.6 percent.

Avnet

Phoenix, AZ-based electronic components distributor Avnet posted its Q2 fiscals on Thursday. The company had Q2 sales of $4.2 billion, up 2.7 percent year-over-year, while profit of $103.2 million was down 33.8 percent. Operating profit fell 8.7 percent, while adjusted operating profit increased 7.9 percent.

During the quarter, Avnet closed on the acquisition of Premier Farnell, a British distributor of technology products and solutions for electronic system design, maintenance and repair throughout Europe.

Year-to-date, six-month sales of $8.4 billion were down 3.4 percent, while profit fell 39.9 percent to $172.1 million.

 

Here are upcoming dates of when some prominent industrial distributor/manufacturer will report their latest fiscal performance

  • 1/31: Anixter
  • 2/2: Snap-on, Kennametal
  • 2/9: Timken Bearings
  • 2/15: NOW Inc./DistributionNOW
  • 2/16: MRC Global
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