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Earnings season shows upswing

BY HBSDEALER Staff

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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Dunston promoted at American Woodmark

BY HBSDealer Staff

Cary Dunston has been named president and COO at American Woodmark Corporation, in which role he will assume the added responsibility for the company’s finance and information technology operations.

"Over the past year, Cary has provided invaluable leadership in rebuilding the organization and meeting the needs of our customers and constituents as the industry continues to recover from the recession," said chairman and CEO Kent Guichard. "Consolidating the additional support functions of finance and information technology will further enhance our ability to align all aspects of the Company in pursuit of the 2019 Vision to set the standard as a world class operation. I look forward to continuing to work with Cary as we drive the organization forward."

American Woodmark is a manufacturer and distributor of kitchen cabinets and vanities, operating via nine manufacturing facilities and nine service centers across the country.

In his most recent role, Dunston was serving as EVP and COO.

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Sears Canada opens new fulfillment center in Calgary

BY HBSDealer Staff

Sears Canada is opening up a new fulfillment center in Calgary, Alberta that will serve customers in Western Canada who use the Sears Direct channel.

The 240,000-sq.-ft. facility will feature advanced product and packaging systems to increase efficiency in packing and shipping small-ticket items available through Sears Canada’s catalogues and ecommerce website. The addition of the facility is expected to save an average of 1 to 2 days in delivery time for most customers in Western Canada.

"The substantial capability enhancements and flexibility offered by this new facility will result in faster delivery for most Western Canada orders, improving the overall customer experience," said Doug Campbell , president and CEO, Sears Canada. "The new facility will enable Sears to make significant customer service improvements and meet the requirements of today’s Direct customers."

Orders of $99 or more made via catalogue and Sears.ca will begin shipping for free beginning Aug. 23.

The new facility is also expected to create approximately 200 jobs.

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