Tag Archives: Gross margin

Newell Rubbermaid Q1 Net Slips 2.4 Percent

Newell Rubbermaid

ATLANTA-Weak sales of home products and higher costs both played a part in reducing Newell Rubbermaid’s first-quarter profit and sales. Net income in the quarter, which ended on March 31, fell 2.4 percent to $52.9 million. Net sales were down 0.7 percent to $1.2 billion. Sales in Newell’s Home Solutions segment were down 5.2 percent,More »

Last updated: May 2, 2014

Mohawk Net Climbs 60.6 Percent in Q1

Mohawk Industries

CALHOUN, Ga.-Bolstered by gains in sales and margins, Mohawk Industries posted a 60.6 percent jump in first-quarter net income, which totaled $81.1 million. Jeffrey Lorberbaum, the company’s chairman and CEO, said the bottom-line performance exceeded Mohawk’s expectations. Lorberbaum attributed this to contributions from tile maker Marazzi and panel-board manufacturer Spano, which Mohawk acquired last year;More »

Last updated: May 2, 2014

Tempur Sealy Q1 Net Up 119.2 Percent

Tempur+Sealy

LEXINGTON, Ky.-With the integration of Sealy into the former Tempur-Pedic still ongoing, Tempur Sealy posted a 119.2 percent gain in net income in its fiscal first quarter, totaling $27.4 million. The company closed the Sealy acquisition in March of last year, and the comparisons between the two quarters include Sealy’s numbers from March 18 throughMore »

Last updated: May 2, 2014

CORRECTION: Libbey Goes from Profit to Loss in Q1

Libbey

TOLEDO, Ohio-With sales slipping and costs rising, Libbey reported a first-quarter net loss of $3.4 million, compared to net income of $2 million in the first quarter of last year. Net sales were down 1 percent to $181.6 million in the quarter, which ended on March 31. Sales in Libbey’s Americas segment were down 1.3More »

Last updated: May 2, 2014

Lifetime Q1 Loss Jumps; Sales Gain 20 Percent

Lifetime Brands

GARDEN CITY, N.Y.-Although sales rose by a robust 20 percent, Lifetime Brands’ first-quarter net loss reached $2.9 million, compared to a net loss of $632,000 in its first quarter of last year. Net sales totaled $118.4 million in the quarter, which ended on March 31, and gross margin gained 63 basis points to finish atMore »

Last updated: May 1, 2014

Stanley Q1 Net Loss Widens

Stanley Furniture

STANLEYTOWN, Va.-With sales dropping and costs on the rise, Stanley Furniture posted a net loss of $4.4 million in its fiscal first quarter, compared to a net loss of $2.1 million in last year’s first quarter. Net sales fell 16 percent to $21.9 million in the quarter, which ended on March 29. Selling, general andMore »

Last updated: May 1, 2014

Container Store Net Rises in FY, Falls in Q4

Container Store

COPPELL, Texas-The Container Store Group reported adjusted net income of $16.4 million for its fiscal year ending on March 1, up 1.2 percent, despite a drop in fourth-quarter net income of 10.6 percent to $10.7 million. The bottom-line numbers were adjusted for a number of items such as distributions to preferred shareholders, the costs forMore »

Last updated: April 29, 2014

Amazon Q1 Net Jumps 31.7 Percent

Amazon

SEATTLE-Riding on the back of healthy gains in sales, Amazon.com reported an increase of 31.7 percent in its first-quarter net income, to $108 million. Total net sales in the quarter, which ended on March 31, were $19.7 billion, up 22.8 percent over the first quarter of last year. Net product sales posted an 18.3 percentMore »

Last updated: April 25, 2014