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10-Q Review: Earnings season resumes

Double-digit-percent income declines are filling up the report card.
1/21/2025

Eight publicly traded companies tracked by HBSDealer have already updated their quarterly earnings in 2025. That means earnings is back.

And it's back with some red numbers. Twenty-three of the 30 companies tracked reported net income declines in their most recent quarterly earnings report. What's more, 13 on the list reported double-digit-percent declines. (And Beacon Roofing Supply is on the border at negative 9.9 percent.)

Stnanley Black and Decker is among the most recent to report. Sales were down slightly to $3.72 billion as it swung to a profit.

Fastenal and WD-40 Company have respectively reported their fourth quarter and first quarter earnings. WD-40 Co. sales increased 9 percent in its quarter, and CEO Steve Brass spoke for optimists everywhere when he said: "As I look around the world, all I see is opportunity." 

Of the 30 companies tracked, 13 posted sales increases in their most recent quarter, including The Home Depot. Lifted by its acquisition of SRS Distribution, The Home Depot reported a 6.6 percent gain in sales and a 4.3 percent decline in net earnings.

The median sales decline on the 10-Q Review is 0.6 percent. The median earnings decline rose to 15.85 percent.

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NOTE: LL Flooring, the company formerly known as "Lumber Liquidators" in early September 2024 announced its intention to wind down the business. It has been replaced in the 10-Q Review by Fortune Brands Innovations (FBIN).

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