Let’s dig into the relative performance of Apogee (NASDAQ:APOG) and its peers as we unravel the now-completed Q4 commercial building products earnings season.
Commercial building products companies, which often serve more complicated projects, can supplement their core business with higher-margin installation and consulting services revenues. More recently, advances to address labor availability and job site productivity have spurred innovation. Additionally, companies in the space that can produce more energy-efficient materials have opportunities to take share. However, these companies are at the whim of commercial 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 commercial building products companies.
The 5 commercial building products stocks we track reported a very strong Q4. As a group, revenues beat analysts’ consensus estimates by 8.4%.
While some commercial building products stocks have fared somewhat better than others, they have collectively declined. On average, share prices are down 3% since the latest earnings results.
Apogee (NASDAQ:APOG)
Involved in the design of the Apple Store on Fifth Avenue in New York City, Apogee (NASDAQ:APOG) sells architectural products and services such as high-performance glass for commercial buildings.
Apogee reported revenues of $341.3 million, flat year on year. This print exceeded analysts’ expectations by 2.8%. Overall, it was a strong quarter for the company with a solid beat of analysts’ EBITDA estimates and a decent beat of analysts’ EPS estimates.
Ty R. Silberhorn, Chief Executive Officer stated, “Our team remains focused on strengthening our operating foundation and positioning the company for long-term growth, despite continued pressure from soft demand in our end markets which is impacting results in the near term. During the quarter, we completed our acquisition of UW Solutions, expanding the capabilities and market opportunity in our LSO segment and creating a platform we expect to drive future growth.”
The stock is down 33.6% since reporting and currently trades at $47.23.
Is now the time to buy Apogee? Access our full analysis of the earnings results here, it’s free.
Best Q4: Janus (NYSE:JBI)
Standing out with its digital keyless entry into self-storage room technology, Janus (NYSE:JBI) is a provider of easily accessible self-storage solutions.
Janus reported revenues of $230.8 million, down 12.5% year on year, outperforming analysts’ expectations by 24.1%. The business had an incredible quarter with an impressive beat of analysts’ EPS estimates and a solid beat of analysts’ EBITDA estimates.
Janus pulled off the biggest analyst estimates beat and highest full-year guidance raise among its peers. The market seems content with the results as the stock is up 1.2% since reporting. It currently trades at $8.15.
Is now the time to buy Janus? Access our full analysis of the earnings results here, it’s free.
Weakest Q4: AZZ (NYSE:AZZ)
Responsible for projects like nuclear facilities, AZZ (NYSE:AZZ) is a provider of metal coating and power infrastructure solutions.
AZZ reported revenues of $403.7 million, up 5.8% year on year, exceeding analysts’ expectations by 1.8%. It was a satisfactory quarter as it also posted a solid beat of analysts’ EBITDA estimates but full-year revenue guidance missing analysts’ expectations.
AZZ delivered the weakest performance against analyst estimates and weakest full-year guidance update in the group. The stock is flat since the results and currently trades at $85.61.
Read our full analysis of AZZ’s results here.
Insteel (NYSE:IIIN)
Growing from a small wire manufacturer to one of the largest in the U.S., Insteel (NYSE:IIIN) provides steel wire reinforcing products for concrete.
Insteel reported revenues of $129.7 million, up 6.6% year on year. This result topped analysts’ expectations by 10.4%. Overall, it was a very strong quarter as it also recorded a solid beat of analysts’ EBITDA estimates.
Insteel achieved the fastest revenue growth among its peers. The stock is up 11.2% since reporting and currently trades at $27.60.
Read our full, actionable report on Insteel here, it’s free.
Johnson Controls (NYSE:JCI)
Founded after patenting the electric room thermostat, Johnson Controls (NYSE:JCI) specializes in building products and technology solutions, including HVAC systems, fire and security systems, and energy storage.
Johnson Controls reported revenues of $5.43 billion, up 4.2% year on year. This number surpassed analysts’ expectations by 2.7%. Overall, it was an exceptional quarter as it also produced an impressive beat of analysts’ organic revenue and adjusted operating income estimates.
The stock is up 5.4% since reporting and currently trades at $81.46.
Read our full, actionable report on Johnson Controls here, it’s free.
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