Home Construction Materials Stocks Post Strong Q1 Earnings

Earnings
โดย StockStory·Read original
Summary · why it matters

Home construction materials stocks delivered a strong first quarter, with the 11 companies tracked by StockStory beating revenue estimates by 2.8% on average and issuing next-quarter guidance 1.6% above consensus. Builders FirstSource reported revenues of $3.29 billion, down 10.1% year on year but exceeding expectations by 3.6%, while Simpson posted revenues of $588 million, up 9.1% and beating estimates by 6.4%. Griffon, the weakest performer, reported revenues of $421.9 million, down 1.1%, and issued full-year guidance that missed analyst expectations. Fortune Brands met revenue estimates at $1.01 billion, and Hayward surpassed expectations by 6.5% with revenues of $255.2 million. Share prices across the group have held steady, rising 3.1% on average since the earnings releases.

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