HBSDealer Stock Watch: More Bears
|The hardware and building supply industry slogs through a tough Tuesday on Wall Street. The day’s biggest mover was JELD, down 4.0%. Among the gainers, HBP showed the largest percentage increase — up 1.6%.|
|BLDR (Builders FS)||18.20||-1.99%|
|BMCH (BMC Stock)||19.65||-0.76%|
|CENT (Central Garden)||39.66||-0.13%|
|DE (Deere & Co.)||145.53||-0.83%|
|HD (Home Depot)||187.98||-1.62%|
|LL (Lumber Liquidators)||21.06||-1.22%|
|SMG (Scotts Miracle-Gro)||84.35||+3.23%|
|TSCO (Tractor Supply)||70.86||-0.49%|
|UFPI (Universal Forest)||33.58||+0.84%|
Solid growth for NAICS 444
Stronger than average monthly performance for building material category.
Sales at building material and garden equipment and supplies dealers (NAICS 444) increased 4.4% on an adjusted basis in April, compared to the same month in 2017, according to the advance monthly sales report released Tuesday by the Commerce Department.
The NAICS 444 retailers — a diverse group that includes hardware stores and building supply dealers — posted an unadjusted $35.7 billion in sales for April. Compared to the previous month, again on an adjusted basis, sales increased 0.4%.
Other than gas stations (up 11.7% on the year), the fastest-growing segment of retail was non-store retailers, up 9.6%.
Overall retail sales in April — excluding automobiles, gasoline stations and restaurants — increased 0.4% seasonally adjusted over March and 2.8% year-over-year as consumers continued to spend.
“Retail sales growth remains solid and on track as households benefit from tax cuts even though they have faced unseasonable weather and bumpy financial markets,” National Retail Federation chief economist Jack Kleinhenz said. “The tax cuts and higher savings levels should help consumers afford the recent surge in gasoline prices. And a solid job market, recent wage gains and elevated confidence translate into ongoing spending support.”
The report also showed:
- General merchandise stores were up 2.5% year-over-year and up 0.3% from March seasonally adjusted.
- Sporting goods stores were down 1.1% year-over-year and down 0.1% from March seasonally adjusted.
- Electronics and appliance stores were up 1.7% compared to last year, and down 0.1% compared to March.
Banner year for Eagle Materials
Full-year sales rise 14% to $1.4 billion for the cement and wallboard supplier.
Eagle Materials Inc., the building products manufacturer and distributor, reported record fourth quarter 2018 revenue of $284.7 million – a 2% rise from $278.7 in the fourth quarter a year ago.
For the full fiscal year, the Dallas, Texas-based company reported a record revenue of $1.4 billion. This marks a 14% increase from 2017 revenue of $1.2 billion.
Net earnings for the fourth quarter grew 2.2% to $37 million from net earnings of $36.2 million in the fourth quarter 2017. Full-year earnings soared more than 29% to $256.6 million from 2017 net earnings of $198.2 million.
Revenue in the Eagle’s heavy materials sector, which includes cement, concrete and agregates increased 12% to $807.4 million in 2018. Sales in the light materials sector, which includes gypsum wallboard and paperboard, increased 4% to $603.2 million for the year.
The company also operates an oil and gas proppants segment, reporting revenue of $85.5 million – an increase of 147%, reflecting a 170% increase in frac sand sales volume
Based in Dallas, Texas, Eagle Materials manufactures and distributes cement, aggregates, concrete, gypsum wallboard, recycled paperboard and frac sand from more than 75 facilities in the United States.