Tecnoglass IncTecnoglass revenue up 12% and beat estimates, but full-year guidance was weakest among tracked companies.
Building materials stocks reported mixed first-quarter earnings, with aggregate revenues beating analyst estimates by 1.4% but next-quarter guidance coming in 2.5% below expectations. Tecnoglass posted revenue of $249 million, a 12% year-over-year increase that exceeded estimates by 2.7%, though its full-year guidance was the weakest among the nine companies tracked. Vulcan Materials delivered the strongest performance with revenue of $1.76 billion, up 7.4% and beating estimates by 5.8%, while UFP Industries was the weakest, with revenue falling 8.4% to $1.46 billion and missing estimates by 3.5%. Sherwin-Williams reported revenue of $5.67 billion, up 6.8% and beating estimates by 2.1%, and Carlisle posted revenue of $1.05 billion, down 4% and slightly below estimates. Share prices of the group have held steady, rising 2.5% on average since the latest earnings results.
Tecnoglass IncTecnoglass revenue up 12% and beat estimates, but full-year guidance was weakest among tracked companies.
Vulcan Materials CompanyVulcan Materials revenue up 7.4% and beat estimates by 5.8%.
Carlisle Companies IncorporatedCarlisle posted revenue down 4% and slightly below estimates.
Sherwin-Williams CoSherwin-Williams reported revenue up 6.8% and beating estimates by 2.1%.
Ufp Industries IncUFP Industries revenue fell 8.4% and missed estimates by 3.5%.