Latest news with #Insteel
Yahoo
04-06-2025
- Business
- Yahoo
Commercial Building Products Stocks Q1 Recap: Benchmarking Johnson Controls (NYSE:JCI)
Looking back on commercial building products stocks' Q1 earnings, we examine this quarter's best and worst performers, including Johnson Controls (NYSE:JCI) and its peers. 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 strong Q1. As a group, revenues beat analysts' consensus estimates by 1.9% while next quarter's revenue guidance was 1.6% above. Luckily, commercial building products stocks have performed well with share prices up 13.1% on average since the latest earnings results. 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 $5.68 billion, up 1.4% year on year. This print exceeded analysts' expectations by 0.7%. Overall, it was a strong quarter for the company with a solid beat of analysts' organic revenue estimates and an impressive beat of analysts' adjusted operating income estimates. The stock is up 13.6% since reporting and currently trades at $100.83. Is now the time to buy Johnson Controls? Access our full analysis of the earnings results here, it's free. 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 $160.7 million, up 26.1% year on year, outperforming analysts' expectations by 7.2%. The business had an incredible quarter with an impressive beat of analysts' EPS estimates and a solid beat of analysts' EBITDA estimates. Insteel delivered the biggest analyst estimates beat and fastest revenue growth among its peers. The market seems happy with the results as the stock is up 34.7% since reporting. It currently trades at $35.95. Is now the time to buy Insteel? Access our full analysis of the earnings results here, it's free. Responsible for projects like nuclear facilities, AZZ (NYSE:AZZ) is a provider of metal coating and power infrastructure solutions. AZZ reported revenues of $351.9 million, down 4% year on year, falling short of analysts' expectations by 4.3%. It was a slower quarter as it posted a miss of analysts' EBITDA estimates. AZZ delivered the weakest performance against analyst estimates and weakest full-year guidance update in the group. Interestingly, the stock is up 20% since the results and currently trades at $93.24. Read our full analysis of AZZ's results here. 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 $345.7 million, down 4.5% year on year. This result beat analysts' expectations by 4.2%. Overall, it was a strong quarter as it also produced a solid beat of analysts' EBITDA estimates and full-year revenue guidance beating analysts' expectations. Apogee scored the highest full-year guidance raise among its peers. The stock is down 15.5% since reporting and currently trades at $38.74. Read our full, actionable report on Apogee here, it's free. 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 $210.5 million, down 17.3% year on year. This number topped analysts' expectations by 2%. It was a very strong quarter as it also logged a solid beat of analysts' adjusted operating income estimates and an impressive beat of analysts' EPS estimates. Janus had the slowest revenue growth among its peers. The stock is up 12.5% since reporting and currently trades at $8.04. Read our full, actionable report on Janus here, it's free. In response to the Fed's rate hikes in 2022 and 2023, inflation has been gradually trending down from its post-pandemic peak, trending closer to the Fed's 2% target. Despite higher borrowing costs, the economy has avoided flashing recessionary signals. This is the much-desired soft landing that many investors hoped for. The recent rate cuts (0.5% in September and 0.25% in November 2024) have bolstered the stock market, making 2024 a strong year for equities. Donald Trump's presidential win in November sparked additional market gains, sending indices to record highs in the days following his victory. However, debates continue over possible tariffs and corporate tax adjustments, raising questions about economic stability in 2025. Want to invest in winners with rock-solid fundamentals? Check out our Top 5 Quality Compounder Stocks and add them to your watchlist. These companies are poised for growth regardless of the political or macroeconomic climate.
Yahoo
28-05-2025
- Business
- Yahoo
Commercial Building Products Stocks Q1 Teardown: Janus (NYSE:JBI) Vs The Rest
Looking back on commercial building products stocks' Q1 earnings, we examine this quarter's best and worst performers, including Janus (NYSE:JBI) and its peers. 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 strong Q1. As a group, revenues beat analysts' consensus estimates by 1.9% while next quarter's revenue guidance was 2% above. Luckily, commercial building products stocks have performed well with share prices up 13.9% on average since the latest earnings results. 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 $210.5 million, down 17.3% year on year. This print exceeded analysts' expectations by 2%. Overall, it was a very strong quarter for the company with an impressive beat of analysts' adjusted operating income estimates and a solid beat of analysts' EPS estimates. 'We delivered first quarter results that were largely in-line with our expectations,' said Ramey Jackson, Chief Executive Officer. Janus delivered the slowest revenue growth of the whole group. The stock is up 16% since reporting and currently trades at $8.29. Is now the time to buy Janus? Access our full analysis of the earnings results here, it's free. 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 $160.7 million, up 26.1% year on year, outperforming analysts' expectations by 7.2%. The business had an incredible quarter with an impressive beat of analysts' EPS estimates and a solid beat of analysts' EBITDA estimates. Insteel achieved the biggest analyst estimates beat and fastest revenue growth among its peers. The market seems happy with the results as the stock is up 37.1% since reporting. It currently trades at $36.58. Is now the time to buy Insteel? Access our full analysis of the earnings results here, it's free. Responsible for projects like nuclear facilities, AZZ (NYSE:AZZ) is a provider of metal coating and power infrastructure solutions. AZZ reported revenues of $351.9 million, down 4% year on year, falling short of analysts' expectations by 4.3%. It was a slower quarter as it posted a miss of analysts' EBITDA estimates and full-year revenue guidance meeting analysts' expectations. AZZ delivered the weakest performance against analyst estimates and weakest full-year guidance update in the group. Interestingly, the stock is up 17.4% since the results and currently trades at $91.26. Read our full analysis of AZZ's results here. 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 $345.7 million, down 4.5% year on year. This number surpassed analysts' expectations by 4.2%. Overall, it was a strong quarter as it also logged a solid beat of analysts' EBITDA estimates and full-year revenue guidance beating analysts' expectations. Apogee pulled off the highest full-year guidance raise among its peers. The stock is down 14.5% since reporting and currently trades at $39.21. Read our full, actionable report on Apogee here, it's free. 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 $5.68 billion, up 1.4% year on year. This result topped analysts' expectations by 0.7%. It was a strong quarter as it also put up a solid beat of analysts' organic revenue estimates and an impressive beat of analysts' adjusted operating income estimates. The stock is up 13.3% since reporting and currently trades at $100.55. Read our full, actionable report on Johnson Controls here, it's free. In response to the Fed's rate hikes in 2022 and 2023, inflation has been gradually trending down from its post-pandemic peak, trending closer to the Fed's 2% target. Despite higher borrowing costs, the economy has avoided flashing recessionary signals. This is the much-desired soft landing that many investors hoped for. The recent rate cuts (0.5% in September and 0.25% in November 2024) have bolstered the stock market, making 2024 a strong year for equities. Donald Trump's presidential win in November sparked additional market gains, sending indices to record highs in the days following his victory. However, debates continue over possible tariffs and corporate tax adjustments, raising questions about economic stability in 2025. Want to invest in winners with rock-solid fundamentals? Check out our 9 Best Market-Beating Stocks and add them to your watchlist. These companies are poised for growth regardless of the political or macroeconomic climate. Join Paid Stock Investor Research Help us make StockStory more helpful to investors like yourself. Join our paid user research session and receive a $50 Amazon gift card for your opinions. Sign up here. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
11-05-2025
- Business
- Yahoo
IIIN Q1 Earnings Call: Shipment Growth and Tariff Changes Drive Outperformance
Steel wire manufacturer Insteel (NYSE:IIIN) beat Wall Street's revenue expectations in Q1 CY2025, with sales up 26.1% year on year to $160.7 million. Its non-GAAP profit of $0.55 per share was 90% above analysts' consensus estimates. Is now the time to buy IIIN? Find out in our full research report (it's free). Revenue: $160.7 million vs analyst estimates of $149.9 million (26.1% year-on-year growth, 7.2% beat) Adjusted EPS: $0.55 vs analyst estimates of $0.29 (90% beat) Adjusted EBITDA: $19.19 million vs analyst estimates of $12.51 million (11.9% margin, 53.4% beat) Operating Margin: 8.5%, up from 6.2% in the same quarter last year Free Cash Flow was -$5.54 million compared to -$580,000 in the same quarter last year Market Capitalization: $693.8 million Insteel's first quarter results reflected substantial momentum in shipment volumes and improved cost management, as discussed during the company's recent earnings call. Management identified stronger demand in construction end markets and operational efficiencies following a recent acquisition as the main contributors to the quarter's above-expectation revenue and profit. CEO H.O. Waltz highlighted that the acceleration in business activity was 'not reflected in the broader macroeconomic indicators' but remained tangible through customer engagement and robust order books. Looking ahead, management expressed cautious optimism for the remainder of the year, noting that the primary risk lies in the evolving U.S. trade and tariff environment. Waltz pointed to ongoing uncertainties surrounding raw material supply and the impact of new or adjusted tariffs, especially relating to Section 232, as key variables that could influence future performance. The company's ability to manage these inputs and maintain production levels will be central to meeting its targets in upcoming quarters. Management emphasized that shipment growth and successful integration of acquired assets were key drivers behind the quarter's performance and provided updates on tariff impacts and supply chain trends. Construction Demand Recovery: Recovery across construction end markets fueled significant shipment volume gains and supported higher production utilization rates, offsetting previous periods of industry softness. Tariff Policy Changes: The extension of Section 232 tariffs to finished products, such as PC strand, addressed a years-long competitive disadvantage and is expected to improve Insteel's market position relative to offshore competitors. Raw Material Supply Constraints: Tight domestic supply of hot-rolled steel wire rod, the company's primary input, remains a concern. Management noted two U.S. mill closures and limited alternative sources, increasing the need for imports and raising supply chain risks. Acquisition Integration: Integration of two newly acquired manufacturing facilities has been completed, with operational and freight synergies already being realized. The company closed one facility but reported that the remaining assets are operating efficiently. Capital Expenditure Adjustments: Management reduced the full-year capital spending target to $17 million from $22 million, citing acquisition-related resource allocation and a focus on projects that support product expansion and cost reduction. Management's outlook for the rest of the year centers on demand resilience in construction markets, the impact of tariff changes, and ongoing supply chain uncertainties. Tariff and Trade Policy Impact: The company expects the revised Section 232 tariffs to benefit its competitive stance, but any future policy changes or reciprocal tariffs could increase input costs or disrupt capital sourcing. Raw Material Availability: The ability to secure adequate supplies of steel wire rod will dictate production volumes and margin stability, especially if domestic shortages persist or imports are delayed. End-Market Trends: Management is monitoring commercial and public infrastructure construction trends, noting early signs of improvement in commercial backlogs. However, macroeconomic indicators remain mixed, and future demand could be influenced by broader economic shifts. Julio Romero (Sidoti & Company): Asked about current operating conditions and how management is addressing tariff uncertainty and supply chain challenges; management said the primary constraint is raw material availability, but current demand and order books remain robust. Julio Romero (Sidoti & Company): Inquired about the disconnect between weak macro indicators and strong company performance; management explained that customer activity and backlogs are solid, even if broader data lags or diverges. Julio Romero (Sidoti & Company): Sought perspective on pricing dynamics in the current environment; management stated that the extension of Section 232 tariffs to finished products is a net positive but acknowledged ongoing disadvantages due to global steel price differences. Tyson Bauer (KC Capital): Compared underlying growth drivers now versus during the pandemic; management noted current growth is based on genuine shipment and volume gains rather than artificial inventory or pricing effects. Tyson Bauer (KC Capital): Asked if shipment growth, higher utilization, and pricing could align to support margins in coming quarters; management agreed these factors are favorable in the near term, subject to raw material supply constraints. Going forward, the StockStory team will be watching (1) the company's ability to secure sufficient raw material supplies amid tight domestic markets and import lead times, (2) the operational impact and margin effects of new and existing tariffs, and (3) continued shipment growth across construction end markets. Monitoring the integration benefits from recent acquisitions and any shifts in capital spending priorities will also be important for tracking execution against Insteel's strategic objectives. Insteel currently trades at a forward P/E ratio of 18.2×. At this valuation, is it a buy or sell post earnings? Find out in our free research report. Market indices reached historic highs following Donald Trump's presidential victory in November 2024, but the outlook for 2025 is clouded by new trade policies that could impact business confidence and growth. While this has caused many investors to adopt a "fearful" wait-and-see approach, we're leaning into our best ideas that can grow regardless of the political or macroeconomic climate. Take advantage of Mr. Market by checking out our Top 6 Stocks for this week. This is a curated list of our High Quality stocks that have generated a market-beating return of 176% over the last five years. Stocks that made our list in 2020 include now familiar names such as Nvidia (+1,545% between March 2020 and March 2025) as well as under-the-radar businesses like the once-micro-cap company Kadant (+351% five-year return). Find your next big winner with StockStory today. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
27-04-2025
- Business
- Yahoo
Simpson Earnings: What To Look For From SSD
Building products manufacturer Simpson (NYSE:SSD) will be announcing earnings results tomorrow after market hours. Here's what investors should know. Simpson beat analysts' revenue expectations by 4.3% last quarter, reporting revenues of $517.4 million, up 3.1% year on year. It was an exceptional quarter for the company, with an impressive beat of analysts' EBITDA estimates and a decent beat of analysts' EPS estimates. Is Simpson a buy or sell going into earnings? Read our full analysis here, it's free. This quarter, analysts are expecting Simpson's revenue to be flat year on year at $528.5 million, in line with its flat revenue from the same quarter last year. Adjusted earnings are expected to come in at $1.54 per share. Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Simpson has missed Wall Street's revenue estimates three times over the last two years. Looking at Simpson's peers in the building products segment, some have already reported their Q1 results, giving us a hint as to what we can expect. Masco's revenues decreased 6.5% year on year, missing analysts' expectations by 2%, and Insteel reported revenues up 26.1%, topping estimates by 7.2%. Masco traded down 1.7% following the results while Insteel was up 13.9%. Read our full analysis of Masco's results here and Insteel's results here. Investors in the building products segment have had fairly steady hands going into earnings, with share prices down 1.4% on average over the last month. Simpson's stock price was unchanged during the same time and is heading into earnings with an average analyst price target of $185.67 (compared to the current share price of $156.08). Today's young investors likely haven't read the timeless lessons in Gorilla Game: Picking Winners In High Technology because it was written more than 20 years ago when Microsoft and Apple were first establishing their supremacy. But if we apply the same principles, then enterprise software stocks leveraging their own generative AI capabilities may well be the Gorillas of the future. So, in that spirit, we are excited to present our Special Free Report on a profitable, fast-growing enterprise software stock that is already riding the automation wave and looking to catch the generative AI next.
Yahoo
23-04-2025
- Business
- Yahoo
Apogee Earnings: What To Look For From APOG
Architectural products company Apogee (NASDAQ:APOG) will be reporting results tomorrow before market open. Here's what to look for. Apogee beat analysts' revenue expectations by 2.8% last quarter, reporting revenues of $341.3 million, flat year on year. It was a strong quarter for the company, with a solid beat of analysts' EBITDA estimates and a decent beat of analysts' EPS estimates. Is Apogee a buy or sell going into earnings? Read our full analysis here, it's free. This quarter, analysts are expecting Apogee's revenue to decline 8.3% year on year to $331.8 million, a reversal from the 5.2% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.87 per share. Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Apogee has missed Wall Street's revenue estimates three times over the last two years. Looking at Apogee's peers in the building products segment, some have already reported their Q1 results, giving us a hint as to what we can expect. Insteel delivered year-on-year revenue growth of 26.1%, beating analysts' expectations by 7.2%, and AZZ reported a revenue decline of 4%, falling short of estimates by 4.3%. Insteel traded up 13.9% following the results while AZZ was also up 3.2%. Read our full analysis of Insteel's results here and AZZ's results a company has more cash than it knows what to do with, buying back its own shares can make a lot of sense–as long as the price is right. Luckily, we've found one, a low-priced stock that is gushing free cash flow AND buying back shares. Click here to claim your Special Free Report on a fallen angel growth story that is already recovering from a setback. Sign in to access your portfolio
