Earnings season shows upswing

Another earnings season has come and gone, but this time things went better for the 30 publicly traded companies tracked by the HCN Stock Watch.

There were more cases of sales growth and more cases of double-digit sales growth in the most recent three-month period, which for most companies was the second quarter. 

Twenty-five of the 30 showed sales gains for the period, compared with 21 in the first quarter. Plus, the number of double-digit sales gainers increased from two to seven. 

In the most recent round of reporting, which ran from June 6 through Aug. 21, Trex led all sales gainers with a 23% increase.

Other double-digit-sales-gainers were Eagle Materials (up 17%), Boise Cascade (up 13%), Fastenal (up 12.1%), Sherwin-Williams (up 12.1%), Toro Companies (up 11.3%) and Valspar (up 10.5%).

In the first quarter, only two companies had double-digit sales increases -- Stock Building Supply and Eagle Materials.

Heading the other direction, Central Garden and Pet and Sears Holdings both reported double-digit decline in their sales in the most recently completed quarter. Sears is the only company on the list to show consecutive quarters of double-digit sales declines.

Home Depot and Lowe's, far and away the list's largest revenue generators, both reported a 5.7% sales gain in the second quarter.

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