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Stock impact report

A Look Back at Home Construction Materials Stocks' Q3 Earnings: Simpson (NYSE:SSD) Vs The Rest Of The Pack [Yahoo! Finance]

Simpson Manufacturing Company, Inc. (SSD) 
Last simpson manufacturing company, inc. earnings: 4/27 04:15 pm Check Earnings Report
US:NYSE Investor Relations: simpsonmfg.com/financials/index.html
Company Research Source: Yahoo! Finance
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 11 home construction materials stocks we track reported a slower Q3. As a group, revenues missed analysts' consensus estimates by 1%. In light of this news, share prices of the companies have held steady as they are up 2.2% on average since the latest earnings results. Aiming to build safer and stronger buildings, Simpson Show less Read more
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