Looking back on building materials stocks’ Q3 earnings, we examine this quarter’s best and worst performers, including Martin Marietta Materials (NYSE: MLM) and its peers.

Traditionally, building materials companies have built competitive advantages with economies of scale, brand recognition, and strong relationships with builders and contractors. 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 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 building materials companies.

The 9 building materials stocks we track reported a slower Q3. As a group, revenues missed analysts’ consensus estimates by 1% while next quarter’s revenue guidance was 1.1% below.

In light of this news, share prices of the companies have held steady as they are up 1.1% on average since the latest earnings results.

Martin Marietta Materials (NYSE: MLM)

Operating one of North America's largest networks of quarries, including 14 underground mines, Martin Marietta Materials (NYSE: MLM) is a natural resource-based building materials company that supplies aggregates, cement, and other construction materials for infrastructure and building projects.

Martin Marietta Materials reported revenues of $1.85 billion, up 12.4% year on year. This print fell short of analysts’ expectations by 10.5%. Overall, it was a slower quarter for the company with full-year revenue and EBITDA guidance missing analysts’ expectations significantly.

Martin Marietta Materials delivered the weakest performance against analyst estimates and weakest full-year guidance update of the whole group. Interestingly, the stock is up 5.3% since reporting and currently trades at $652.34.

Read our full report on Martin Marietta Materials here, it’s free.

Best Q3: Carlisle (NYSE: CSL)

Originally founded as Carlisle Tire and Rubber Company, Carlisle Companies (NYSE: CSL) is a multi-industry product manufacturer focusing on construction materials and weatherproofing technologies.

Carlisle reported revenues of $1.35 billion, flat year on year, outperforming analysts’ expectations by 1.2%. The business had a very strong quarter with a solid beat of analysts’ adjusted operating income and organic revenue estimates.

The market seems happy with the results as the stock is up 5.7% since reporting. It currently trades at $350.25.

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

Weakest Q3: Tecnoglass (NYSE: TGLS)

The first-ever Colombian company to trade on the NASDAQ, Tecnoglass (NYSE: TGLS) is a manufacturer of architectural glass, windows, and aluminum products.

Tecnoglass reported revenues of $260.5 million, up 9.3% year on year, falling short of analysts’ expectations by 2.1%. It was a disappointing quarter as it posted full-year EBITDA guidance missing analysts’ expectations significantly and a significant miss of analysts’ revenue estimates.

As expected, the stock is down 9.5% since the results and currently trades at $50.71.

Read our full analysis of Tecnoglass’s results here.

UFP Industries (NASDAQ: UFPI)

Beginning as a lumber supplier in the 1950s, UFP Industries (NASDAQ: UFPI) is a holding company making building materials for the construction, retail, and industrial sectors.

UFP Industries reported revenues of $1.56 billion, down 5.4% year on year. This print lagged analysts' expectations by 3.2%. Overall, it was a disappointing quarter as it also produced a significant miss of analysts’ revenue estimates and a significant miss of analysts’ adjusted operating income estimates.

UFP Industries had the slowest revenue growth among its peers. The stock is up 15.9% since reporting and currently trades at $104.37.

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

Resideo (NYSE: REZI)

Resideo Technologies, Inc. (NYSE: REZI) is a manufacturer and distributor of technology-driven products and solutions for home comfort, energy management, water management, and safety and security.

Resideo reported revenues of $1.86 billion, up 2% year on year. This number came in 0.6% below analysts' expectations. It was a slower quarter as it also logged a significant miss of analysts’ adjusted operating income estimates and a significant miss of analysts’ EBITDA estimates.

Resideo delivered the highest full-year guidance raise among its peers. The stock is down 14.3% since reporting and currently trades at $35.21.

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

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