Despite expansion in manufacturing activities, the slowdown in new orders and supply-chain issues amid tariff-related risks have marred the outlook of the industrial manufacturing space. However, here is a look at stocks that may benefit.
Wrapping up Q4 earnings, we look at the numbers and key takeaways for the infrastructure distributors stocks, including DistributionNOW (NYSE:DNOW) and its peers.
Water and fire protection solutions company Core & Main (NYSE:CNM)
will be announcing earnings results tomorrow before market hours. Here’s what investors should know.
Shares of energy and industrial distributor DistributionNOW (NYSE:DNOW) jumped 20.3% in the afternoon session after the company reported strong fourth-quarter results, significantly surpassing analysts' sales, EPS, and EBITDA estimates. The company also doubled the size of its share repurchase program to $160m, highlighting the focus on returning value to shareholders. Zooming out, we think this quarter featured some important positives.
Energy and industrial distributor DistributionNOW (NYSE:DNOW) announced better-than-expected revenue in Q4 CY2024, with sales up 2.9% year on year to $571 million. Its non-GAAP profit of $0.25 per share was 92.3% above analysts’ consensus estimates.
Quarterly earnings results are a good time to check in on a company’s progress, especially compared to its peers in the same sector. Today we are looking at Watsco (NYSE:WSO) and the best and worst performers in the infrastructure distributors industry.
As the Q3 earnings season comes to a close, it’s time to take stock of this quarter’s best and worst performers in the infrastructure distributors industry, including Core & Main (NYSE:CNM) and its peers.
As the Q3 earnings season wraps, let’s dig into this quarter’s best and worst performers in the infrastructure distributors industry, including DistributionNOW (NYSE:DNOW) and its peers.
Over the last six months, DistributionNOW’s shares have sunk to $12.83, producing a disappointing 7.3% loss - a stark contrast to the S&P 500’s 2.5% gain. This was partly driven by its softer quarterly results and might have investors contemplating their next move.
As the Q3 earnings season comes to a close, it’s time to take stock of this quarter’s best and worst performers in the industrial distributors industry, including Beacon Roofing Supply (NASDAQ:BECN) and its peers.
Looking back on infrastructure distributors stocks’ Q3 earnings, we examine this quarter’s best and worst performers, including MRC Global (NYSE:MRC) and its peers.
Water and fire protection solutions company Core & Main (NYSE:CNM)
will be reporting results tomorrow before market hours. Here’s what you need to know.
Energy and industrial distributor Dnow (NYSE:DNOW) missed Wall Street’s revenue expectations in Q3 CY2024 as sales rose 3.1% year on year to $606 million. Its non-GAAP profit of $0.21 per share was in line with analysts’ consensus estimates.
Energy and industrial distributor NOW Inc. (NYSE:DNOW) missed Wall Street’s revenue expectations in Q3 CY2024 as sales rose 3.1% year on year to $606 million. Its non-GAAP profit of $0.21 per share was in line with analysts’ consensus estimates.
