Armstrong World Industries IncArmstrong World's Q1 results missed on operating income and EBITDA, causing stock to drop 13.5%.
Sherwin-Williams and the rest of the building materials segment reported mixed first-quarter results. The nine tracked building materials stocks collectively beat revenue estimates by 1.4 percent, but next-quarter revenue guidance came in 2.5 percent below expectations. Sherwin-Williams posted revenue of 5.67 billion dollars, up 6.8 percent year on year and exceeding estimates by 2.1 percent, though its stock fell 6.3 percent after the report. Vulcan Materials delivered the biggest beat among peers with revenue of 1.76 billion dollars, up 7.4 percent, while UFP Industries was the weakest with revenue of 1.46 billion dollars, down 8.4 percent and missing estimates by 3.5 percent. Tecnoglass and Armstrong World also reported, with Armstrong World's stock dropping 13.5 percent after its results met revenue expectations but missed on operating income and EBITDA.
Armstrong World Industries IncArmstrong World's Q1 results missed on operating income and EBITDA, causing stock to drop 13.5%.
Ufp Industries IncUFP Industries reported revenue down 8.4% and missed estimates by 3.5%, the weakest among peers.
Vulcan Materials CompanyVulcan Materials delivered the biggest revenue beat among peers, with revenue up 7.4%.
Tecnoglass IncTecnoglass is mentioned as having reported, but no specific results or impact are detailed.
Sherwin-Williams CoSherwin-Williams reported Q1 revenue beat but stock fell 6.3% after the report, likely due to weak guidance or market reaction.