The company’s board approved a 10% increase in its quarterly cash dividend, while multiple leadership changes were also announced.
Over the past year, the Consumer Price Index for All Urban Consumers increased 7.5% before seasonal adjustment, the highest since 1982.
RBC Bearings Inc. reported fiscal 2022 third-quarter net sales of $267 million, while organic net sales were up 7.6% over last year.
Just 54% of new and existing homes sold between October and December were affordable to families earning the U.S. median income.
The foodservice distributor reported fiscal 2022 second-quarter sales of $16.3 billion.
The adjusted Fastener Distributor Index was 52.7, although modest improvement was seen in most metrics, according to the latest analysis.
The deficit was $80.7 billion in December, up $1.4 billion from a revised $79.3 billion in November.
Pittsburgh-based Kennametal Inc. says its fiscal 2022 second-quarter sales of $487 million were 10% above the same period last year.
2021 fourth-quarter sales increased 11.3% compared to the prior year, while net income from continuing operations was $68.1 million.
The company reported 2021 fourth-quarter sales of $4.8 billion, up 2% from the same quarter in 2020.
The electronic components distributor reported 2021 4Q sales of $9.02 billion and year-end sales of $34.48 billion.
The Winona, Minnesota-based distributor reported January 2022 sales of more than $540 million.
