Q3 Earnings Outperformers: Masco (NYSE:MAS) And The Rest Of The Home Construction Materials Stocks

StockStory
01-31
Q3 Earnings Outperformers: Masco (NYSE:MAS) And The Rest Of The Home Construction Materials Stocks

Looking back on home construction materials stocks’ Q3 earnings, we examine this quarter’s best and worst performers, including Masco (NYSE:MAS) and its peers.

Traditionally, home construction materials companies have built economic moats with expertise in specialized areas, brand recognition, and strong relationships with contractors. More recently, advances to address labor availability and job site productivity have spurred innovation that is driving incremental demand. However, these companies are at the whim of residential construction volumes, which tend to be cyclical and can be impacted heavily by economic factors such as interest rates. Additionally, the costs of raw materials can be driven by a myriad of worldwide factors and greatly influence the profitability of home construction materials companies.

The 12 home construction materials stocks we track reported a mixed Q3. As a group, revenues missed analysts’ consensus estimates by 0.7%.

Amidst this news, share prices of the companies have had a rough stretch. On average, they are down 6.4% since the latest earnings results.

Masco (NYSE:MAS)

Headquartered just outside of Detroit, MI, Masco (NYSE:MAS) designs and manufactures home-building products such as glass shower doors, decorative lighting, bathtubs, and faucets.

Masco reported revenues of $1.98 billion, flat year on year. This print fell short of analysts’ expectations by 0.6%. Overall, it was a mixed quarter for the company with organic revenue in line with analysts’ estimates but a slight miss of analysts’ EPS estimates.

“We delivered another quarter of strong operating results,” said Masco President and CEO, Keith Allman.

The stock is down 1.3% since reporting and currently trades at $80.60.

Read our full report on Masco here, it’s free.

Best Q3: Trex (NYSE:TREX)

Addressing the demand for aesthetically-pleasing and unique outdoor living spaces, Trex Company (NYSE:TREX) makes wood-alternative decking, railing, and patio furniture.

Trex reported revenues of $233.7 million, down 23.1% year on year, outperforming analysts’ expectations by 3.3%. The business had an exceptional quarter with a solid beat of analysts’ EBITDA estimates.

Trex pulled off the biggest analyst estimates beat among its peers. The market seems happy with the results as the stock is up 11.4% since reporting. It currently trades at $74.06.

Is now the time to buy Trex? Access our full analysis of the earnings results here, it’s free.

Weakest Q3: JELD-WEN (NYSE:JELD)

Founded in the 1960s as a general wood-making company, JELD-WEN (NYSE:JELD) manufactures doors, windows, and other related building products.

JELD-WEN reported revenues of $934.7 million, down 13.2% year on year, falling short of analysts’ expectations by 6.2%. It was a disappointing quarter as it posted full-year revenue and EBITDA guidance missing analysts’ expectations.

JELD-WEN delivered the weakest full-year guidance update in the group. As expected, the stock is down 33.7% since the results and currently trades at $9.37.

Read our full analysis of JELD-WEN’s results here.

Owens Corning (NYSE:OC)

Credited with the discovery of fiberglass, Owens Corning (NYSE:OC) supplies building and construction materials to the United States and international markets.

Owens Corning reported revenues of $3.05 billion, up 22.9% year on year. This number was in line with analysts’ expectations. It was a very strong quarter as it also logged a solid beat of analysts’ adjusted operating income estimates.

The stock is up 4.9% since reporting and currently trades at $191.50.

Read our full, actionable report on Owens Corning here, it’s free.

American Woodmark (NASDAQ:AMWD)

Starting as a small millwork shop, American Woodmark (NASDAQ:AMWD) is a cabinet manufacturing company that helps customers from inspiration to installation.

American Woodmark reported revenues of $452.5 million, down 4.5% year on year. This result topped analysts’ expectations by 1.4%. Zooming out, it was a softer quarter as it logged a significant miss of analysts’ adjusted operating income estimates.

The stock is down 21.9% since reporting and currently trades at $78.64.

Read our full, actionable report on American Woodmark here, it’s free.


Want to invest in winners with rock-solid fundamentals? Check out our Strong Momentum Stocks and add them to your watchlist. These companies are poised for growth regardless of the political or macroeconomic climate.

Join Paid Stock Investor Research

Help us make StockStory more helpful to investors like yourself. Join our paid user research session and receive a $50 Amazon gift card for your opinions. Sign up here.


免責聲明:投資有風險,本文並非投資建議,以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請,作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考,不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證,投資者應自行研究並在投資前尋求專業建議。

熱議股票

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10