HVAC and Water Systems Stocks Post Strong Q1, Beating Revenue Estimates by 6.9%

Earnings
โดย StockStory·Read original
Summary · why it matters

The nine HVAC and water systems stocks tracked by StockStory reported a very strong first quarter, with aggregate revenues beating analysts' consensus estimates by 6.9%. Trane Technologies posted revenues of $4.97 billion, up 6% year on year and exceeding expectations by 3.1%, while AAON delivered the biggest beat and fastest growth with revenues of $496.9 million, up 54.3% and surpassing estimates by 29.5%. A. O. Smith was the weakest performer, with revenues of $945.6 million, down 1.9% and missing estimates by 3.5%, along with full-year EPS guidance that fell short. Carrier Global reported $5.34 billion in revenues, up 2.4% and beating estimates by 6.8%, and Advanced Drainage Systems posted $676.8 million, up 9.9% and beating by 3.8%, while also delivering the highest full-year guidance raise among peers. Share prices across the group have risen 14.6% on average since the latest earnings results.

Impact on stocks 5

Climate Adaptation & Water± Mixed · 4 stocks
AAON Inc
AAON
▲ PositiveDemandrelevance

AAON delivered the biggest revenue beat and fastest growth (54.3% YoY), surpassing estimates by 29.5%.

Smith AO Corporation
AOS
▼ NegativeDemandrelevance

A. O. Smith revenues fell 1.9% YoY, missed estimates by 3.5%, and full-year EPS guidance fell short.

Advanced Drainage Systems Inc
WMS
▲ PositiveDemandrelevance

Advanced Drainage Systems revenues up 9.9% YoY, beating by 3.8%, and delivered highest full-year guidance raise.

Smart City / Autonomous Infrastructure▲ · 1 stocks
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