10-Q Review shows earnings declines
Earnings season has hit the halfway point, with 14 of 30 publicly traded companies in the hardware and building supply industry reporting their performances.
Despite the activity, little has changed on the sales and earnings Snapshot chart. It shows slightly more companies with sales gains than sales declines. And it shows there are more companies reporting eanrings declines than are reporting gains.
From the latest batch of reports — those filed since October 1 — Armstrong Worldwide and WD-40 Co. are the leaders in quarterly sales growth, up 11.3 percent and 11.1 percent, respectively.
Meanwhile, Weyerhaeuser and West Fraser posted the largest sales declines of the recent batch of earnings reports—down 16.9 percent and 15.7 percent, respectively.
There are still a lot of numbers omcing soon, including Home Depot’s third-quarter report on Nov. 12. Here's the latest review:
NOTE: LL Flooring, the company formerly known as "Lumber Liquidators" in early September announced its intention to wind down the business.