5 Quarterly Reports You Don’t Want to Miss

In this article, we discuss the 5 quarterly reports you don’t want to miss. If you want to read our detailed analysis of these companies, go directly to the 10 Quarterly Reports You Don’t Want to Miss.

5. Graco Inc. (NYSE:GGG)

Number of Hedge Fund Holders: 32

Shares of Graco Inc. (NYSE:GGG) rose over two percent in the after-hours trading session on Monday, January 31, 2022, after announcing its fourth-quarter profit and sales above expectations.

Graco Inc. (NYSE:GGG) reported adjusted earnings of 66 cents per share, compared to 61 cents per share in the year-ago quarter. Revenue for the quarter jumped 15 percent on a year-over-year basis to $539.6 million. The results easily exceeded the consensus forecast of 63 cents per share for earnings and $518.94 million for revenue.

Looking forward, Graco Inc. (NYSE:GGG) expects high single-digit sales growth for 2022, with positive expectations across all regions and reportable business segments.

CEO Mark Sheahan expressed his satisfaction with the latest performance, saying:

“Robust order rates continued in the fourth quarter and we ended the year with record backlog in all three segments. While we still face supply chain, logistical and inflationary challenges, we are managing these headwinds and Graco is positioned well entering the new year.”

4. Stanley Black & Decker, Inc. (NYSE:SWK)

Number of Hedge Fund Holders: 37

Shares of Stanley Black & Decker, Inc. (NYSE:SWK) turned red in the pre-market trading session on Tuesday, February 1, 2022, after announcing mixed financial results for the fourth quarter.

Stanley Black & Decker, Inc. (NYSE:SWK) earned $2.14 per share on an adjusted basis, beating expectations of $2.05 per share. However, the quarterly revenue of $4.1 billion missed analysts’ average estimate of $4.49 billion.

Revenue from the tools & storage segment rose 3.5 percent on a year-over-year basis to $3.37 billion, while revenue from the industrial segment fell 7.3 percent versus last year to $609.7 million.

Stanley Black & Decker, Inc. (NYSE:SWK) also issued its profit outlook for 2022. The manufacturer of industrial tools and household hardware expects adjusted earnings in the range of $12 – $12.5 per share, compared to expectations of $11.94 per share.

Speaking on the results, CEO Donald Allan Jr. said in a statement:

“We exit the year having implemented price increases to mitigate inflationary impacts while improving efficiencies  and investing in expanded capacity to support the continued growth we project in 2022 and beyond.”

3. United Parcel Service, Inc. (NYSE:UPS)

Number of Hedge Fund Holders: 42

Shares of United Parcel Service, Inc. (NYSE:UPS) jumped to an all-time high in the pre-market trading session on Tuesday, February 1, 2022, after announcing solid profit and sales for the fourth quarter, as the company benefitted from higher shipping fees and elevated e-commerce demand.

United Parcel Service, Inc. (NYSE:UPS) reported adjusted earnings of $3.59 per share, significantly higher than $2.66 per share in the year-ago quarter. Revenue came in at $27.8 billion, up 11.5 percent on a year-over-year basis. The results crushed analysts’ average estimate of $3.10 per share for earnings and $27.06 billion for revenue.

Looking at the performance of different segments of UPS, domestic package revenue for the quarter jumped 12.4 percent to $17.70 billion, while international package revenue advanced 13.1 percent to $5.40 billion. In comparison, supply chain & freight revenue surged 6.7 percent to $4.68 billion in the quarter.

The Georgia-based shipping & logistics giant also issued its financial outlook for 2022. United Parcel Service, Inc. (NYSE:UPS) expects revenue of around $102 billion and adjusted operating margins of about 13.7 percent for the current fiscal year.

2. Otis Worldwide Corporation (NYSE:OTIS)

Number of Hedge Fund Holders: 46

Shares of Otis Worldwide Corporation (NYSE:OTIS) closed higher on Monday, January 31, 2022, after beating earnings expectations for the fourth quarter. The manufacturer of elevators, escalators and moving walkways reported adjusted earnings of 72 cents per share, up 9.1 percent versus last year and above expectations of 68 cents per share.

Revenue came in at $3.57 billion versus $3.49 billion for the comparable period of 2020. Analysts were expecting Otis Worldwide Corporation (NYSE:OTIS) to generate revenue of $3.58 billion.

The company also issued its financial outlook for 2022. Otis Worldwide Corporation (NYSE:OTIS) expects adjusted earnings in the range of $3.20 – $3.30 per share and revenue between $14.4 – $14.7 billion for the full year.

Discussing the results, CEO Judy Marks said in a statement:

“Despite ongoing macro challenges in 2021, we achieved consistent and broad-based organic sales growth and margin expansion, grew our maintenance portfolio at the highest rate in over 10 years and gained share in New Equipment for the second consecutive year.”

1. Exxon Mobil Corporation (NYSE:XOM)

Number of Hedge Fund Holders: 64

Shares of Exxon Mobil Corporation (NYSE:XOM) climbed to a nearly three-year high in the early trading session on Tuesday, February 1, 2022, after delivering an impressive profit for the fourth quarter.

Exxon Mobil Corporation (NYSE:XOM) reported adjusted earnings of $2.05 per share, helped by a strong rebound in oil and gas prices. Analysts were looking for earnings of $1.93 per share. Revenue for the quarter came in at $84.97 billion, compared to analysts’ average estimate of $84.97 billion.

In addition, Exxon Mobil Corporation (NYSE:XOM) generated a cash flow of $48 billion from operating activities. Among other important updates, the oil and gas giant announced that it paid $9 billion in debt in the fourth quarter. Overall, the company paid down $20 billion in debt during the last year.

Speaking on the results, CEO Darren Woods said in a statement:

“Our effective pandemic response, focused investments during the down-cycle, and structural cost savings positioned us to realize the full benefits of the market recovery in 2021. Our new streamlined business structure is another example of the actions we are taking to further strengthen our competitive advantages and grow shareholder value.  We’ve made great progress in 2021 and our forward plans position us to lead in cash flow and earnings growth, operating performance, and the energy transition.”

You can also take a peek at Early Retirement Portfolio: 15 Stocks to Live Off Dividends and Top 10 Stock Picks of Thomas Bancroft’s Makaira Partners.

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