Commercial Building Products Stocks Q4 Teardown: Apogee (NASDAQ:APOG) Vs The Rest

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 Q4. Today, we are looking at commercial building products stocks, starting with Apogee (NASDAQ:APOG).

Commercial building products companies, which often serve more complicated projects, can supplement their core business with higher-margin installation and consulting services revenues. More recently, advances to address labor availability and job site productivity have spurred innovation. Additionally, companies in the space that can produce more energy-efficient materials have opportunities to take share. However, these companies are at the whim of commercial 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 commercial building products companies.

The 5 commercial building products stocks we track reported a satisfactory Q4. As a group, revenues beat analysts’ consensus estimates by 1.2%.

While some commercial building products stocks have fared somewhat better than others, they have collectively declined. On average, share prices are down 1.6% since the latest earnings results.

Weakest Q4: Apogee (NASDAQ:APOG)

Involved in the design of the Apple Store on Fifth Avenue in New York City, Apogee (NASDAQ:APOG) sells architectural products and services such as high-performance glass for commercial buildings.

Apogee reported revenues of $348.6 million, up 2.1% year on year. This print fell short of analysts’ expectations by 1.9%. Overall, it was a slower quarter for the company with full-year EPS guidance missing analysts’ expectations significantly and a miss of analysts’ revenue estimates.

“I’m proud of our team’s disciplined execution and agility during this transition. Despite a challenging environment, we delivered results in line with expectations and remain focused on serving customers with innovative products and exceptional service. Our strong operational foundation and balance sheet position us to navigate near-term challenges and drive sustainable long-term value,” said Donald Nolan, Executive Chair and CEO.

Apogee delivered the weakest performance against analyst estimates and weakest full-year guidance update of the whole group. Unsurprisingly, the stock is down 7.3% since reporting and currently trades at $34.56.

Read our full report on Apogee here, it’s free.

Best Q4: Johnson Controls (NYSE:JCI)

Founded after patenting the electric room thermostat, Johnson Controls (NYSE:JCI) specializes in building products and technology solutions, including HVAC systems, fire and security systems, and energy storage.

Johnson Controls reported revenues of $5.80 billion, up 6.8% year on year, outperforming analysts’ expectations by 2.8%. The business had a very strong quarter with a solid beat of analysts’ organic revenue estimates and a solid beat of analysts’ revenue estimates.

The market seems happy with the results as the stock is up 7.2% since reporting. It currently trades at $132.89.

Is now the time to buy Johnson Controls? Access our full analysis of the earnings results here, it’s free.

Insteel (NYSE:IIIN)

Growing from a small wire manufacturer to one of the largest in the U.S., Insteel (NYSE:IIIN) provides steel wire reinforcing products for concrete.

Insteel reported revenues of $159.9 million, up 23.3% year on year, falling short of analysts’ expectations by 1.3%. It was a mixed quarter as it posted a beat of analysts’ EPS estimates but a slight miss of analysts’ revenue estimates.

As expected, the stock is down 1.3% since the results and currently trades at $33.26.

Read our full analysis of Insteel’s results here.

AZZ (NYSE:AZZ)

Responsible for projects like nuclear facilities, AZZ (NYSE:AZZ) is a provider of metal coating and power infrastructure solutions.

AZZ reported revenues of $425.7 million, up 5.5% year on year. This result beat analysts’ expectations by 1.8%. Overall, it was a strong quarter as it also logged an impressive beat of analysts’ revenue estimates and full-year revenue guidance slightly topping analysts’ expectations.

The stock is up 14.2% since reporting and currently trades at $125.45.

Read our full, actionable report on AZZ here, it’s free.

Janus (NYSE:JBI)

Standing out with its digital keyless entry into self-storage room technology, Janus (NYSE:JBI) is a provider of easily accessible self-storage solutions.

Janus reported revenues of $226.3 million, down 1.9% year on year. This number surpassed analysts’ expectations by 4.6%. Zooming out, it was a satisfactory quarter as it also produced a solid beat of analysts’ revenue estimates but a significant miss of analysts’ adjusted operating income estimates.

Janus achieved the biggest analyst estimates beat and highest full-year guidance raise, but had the slowest revenue growth among its peers. The stock is down 20.9% since reporting and currently trades at $5.39.

Read our full, actionable report on Janus here, it’s free.

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