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Earnings Beat, Stocks Fall in Building Materials | Business and Finance News
Description
Building materials stocks had a mixed earnings season—revenues beat forecasts by 4.5% overall, but prices dipped an average of 2.5%. Valmont surged with 6.5% revenue growth and raised full-year guidance, yet its stock fell slightly. Resideo stumbled with weak guidance, triggering a nearly 20% plunge—the sector’s worst drop. Carlisle soared with 8.5% revenue growth, lifting its stock 8%. Martin Marietta led with 21% revenue growth, the fastest in the group, yet its shares also edged lower despite strong results.
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