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 CSW (NASDAQ:CSWI) and the best and worst performers in the hvac and water systems industry.
Water management company Advanced Drainage Systems (NYSE:WMS) reported revenue ahead of Wall Street’s expectations in Q4 CY2024, with sales up 4.3% year on year to $690.5 million. The company expects the full year’s revenue to be around $2.94 billion, close to analysts’ estimates. Its non-GAAP profit of $1.09 per share was 9.8% below analysts’ consensus estimates.
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 hvac and water systems industry, including Advanced Drainage (NYSE:WMS) and its peers.
What a brutal six months it’s been for Advanced Drainage. The stock has dropped 26.7% and now trades at $114.33, rattling many shareholders. This was partly driven by its softer quarterly results and may have investors wondering how to approach the situation.
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 A. O. Smith (NYSE:AOS) and the best and worst performers in the hvac and water systems industry.
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 hvac and water systems stocks, starting with Carrier Global (NYSE:CARR).
The end of an earnings season can be a great time to discover new stocks and assess how companies are handling the current business environment. Let’s take a look at how AAON (NASDAQ:AAON) and the rest of the hvac and water systems stocks fared in Q3.
Water management company Advanced Drainage Systems (NYSE:WMS) fell short of the market’s revenue expectations in Q3 CY2024, with sales flat year on year at $782.6 million. The company’s full-year revenue guidance of $2.94 billion at the midpoint came in 1.6% below analysts’ estimates. Its non-GAAP profit of $1.70 per share was also 10.2% below analysts’ consensus estimates.
These 10 stocks had the biggest drop last week, with McKesson Corporation, BIO-TECHNE Corp, and Warner Bros. Discovery, Inc. being the worst performers.
