
As the craze of earnings season draws to a close, here’s a look back at some of the most exciting (and some less so) results from Q3. Today, we are looking at home construction materials stocks, starting with Quanex (NYSE: NX).
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 slower Q3. As a group, revenues were in line with analysts’ consensus estimates while next quarter’s revenue guidance was 0.5% below.
Thankfully, share prices of the companies have been resilient as they are up 7.1% on average since the latest earnings results.
Best Q3: Quanex (NYSE: NX)
Starting in the seamless tube industry, Quanex (NYSE: NX) manufactures building products like window, door, kitchen, and bath cabinet components.
Quanex reported revenues of $489.8 million, flat year on year. This print exceeded analysts’ expectations by 4.4%. Overall, it was an incredible quarter for the company with a beat of analysts’ EPS and EBITDA estimates.

Interestingly, the stock is up 23.2% since reporting and currently trades at $18.58.
Is now the time to buy Quanex? Access our full analysis of the earnings results here, it’s free.
Hayward (NYSE: HAYW)
Credited with introducing the first variable-speed pool pump, Hayward (NYSE: HAYW) makes residential and commercial pool equipment and accessories.
Hayward reported revenues of $244.3 million, up 7.4% year on year, outperforming analysts’ expectations by 5.5%. The business had a stunning quarter with an impressive beat of analysts’ organic revenue and EBITDA estimates.

Hayward delivered the biggest analyst estimates beat and highest full-year guidance raise among its peers. The market seems happy with the results as the stock is up 9% since reporting. It currently trades at $16.74.
Is now the time to buy Hayward? Access our full analysis of the earnings results here, it’s free.
Slowest Q3: 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 $394.6 million, down 12.8% year on year, falling short of analysts’ expectations by 2.4%. It was a disappointing quarter as it posted a significant miss of analysts’ revenue estimates and a significant miss of analysts’ adjusted operating income estimates.
Interestingly, the stock is up 22.1% since the results and currently trades at $63.33.
Read our full analysis of American Woodmark’s results here.
Builders FirstSource (NYSE: BLDR)
Headquartered in Irving, TX, Builders FirstSource (NYSE: BLDR) is a construction materials manufacturer that offers a variety of lumber and lumber-related building products.
Builders FirstSource reported revenues of $3.94 billion, down 6.9% year on year. This print topped analysts’ expectations by 2.6%. Overall, it was a very strong quarter as it also recorded an impressive beat of analysts’ adjusted operating income estimates and an impressive beat of analysts’ Windows, doors & millwork revenue estimates.
The stock is up 10.7% since reporting and currently trades at $127.64.
Read our full, actionable report on Builders FirstSource here, it’s free.
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 $2.68 billion, down 2.9% year on year. This number lagged analysts' expectations by 0.5%. Overall, it was a slower quarter as it also recorded revenue guidance for next quarter missing analysts’ expectations significantly and a significant miss of analysts’ adjusted operating income estimates.
The stock is up 1.7% since reporting and currently trades at $124.75.
Read our full, actionable report on Owens Corning here, it’s free.
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