Earnings results often indicate what direction a company will take in the months ahead. With Q4 behind us, let’s have a look at JELD-WEN (NYSE: JELD) 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 satisfactory Q4. As a group, revenues beat analysts’ consensus estimates by 1.5%.
Amidst this news, share prices of the companies have had a rough stretch. On average, they are down 9.2% since the latest earnings results.
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 $895.7 million, down 12.3% year on year. This print exceeded analysts’ expectations by 5.8%. Despite the top-line beat, it was still a mixed quarter for the company with an impressive beat of analysts’ organic revenue estimates but full-year revenue guidance missing analysts’ expectations.
"We made meaningful progress on our transformation in 2024, despite facing challenging market conditions," said Chief Executive Officer William J. Christensen.
JELD-WEN delivered the weakest full-year guidance update of the whole group. The stock is down 42.9% since reporting and currently trades at $5.02.
Is now the time to buy JELD-WEN? Access our full analysis of the earnings results here, it’s free.
Best Q4: 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 $2.84 billion, up 23.3% year on year, outperforming analysts’ expectations by 2.7%. The business had a stunning quarter with a solid beat of analysts’ organic revenue and EBITDA estimates.
Although it had a fine quarter compared to its peers, the market seems unhappy with the results as the stock is down 13% since reporting. It currently trades at $144.13.
Is now the time to buy Owens Corning? Access our full analysis of the earnings results here, it’s free.
Weakest Q4: 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 $397.6 million, down 5.8% year on year, falling short of analysts’ expectations by 3.3%. It was a disappointing quarter as it posted full-year EBITDA guidance missing analysts’ expectations.
As expected, the stock is down 17% since the results and currently trades at $59.04.
Read our full analysis of American Woodmark’s results here.
Gibraltar (NASDAQ: ROCK)
Gibraltar (NASDAQ: ROCK) makes renewable energy, agriculture technology and infrastructure products. Its mission statement is to make everyday living more sustainable.
Gibraltar reported revenues of $302.1 million, down 8.1% year on year. This result lagged analysts' expectations by 1.9%. In spite of that, it was a very strong quarter as it put up full-year EPS guidance exceeding analysts’ expectations and an impressive beat of analysts’ EBITDA estimates.
Gibraltar delivered the highest full-year guidance raise among its peers. The stock is up 12.8% since reporting and currently trades at $65.44.
Read our full, actionable report on Gibraltar here, it’s free.
Griffon (NYSE: GFF)
Initially in the defense industry, Griffon (NYSE: GFF) is a now diversified company specializing in home improvement, professional equipment, and building products.
Griffon reported revenues of $632.4 million, down 1.7% year on year. This print missed analysts’ expectations by 0.8%. Taking a step back, it was still a very strong quarter as it produced an impressive beat of analysts’ EBITDA estimates and a solid beat of analysts’ EPS estimates.
The stock is down 6.2% since reporting and currently trades at $69.71.
Read our full, actionable report on Griffon here, it’s free.
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