Earnings Season: ’10 Quarter Review’

With Lowe’s (LOW) reporting first-quarter earnings and Eagle Materials (EXP) reporting fourth-quarter earnings – both on May 21 – the unofficial earnings season for the construction equipment and materials industry is coming to an end.

As you might expect, Home Depot (HD) produced the highest raw numbers. However, on a percentage basis, no company saw greater sales growth than Trex (TREX), which posted 56.5% growth in the first quarter. (The company says the rollover of the Early Buy program moved approximately $75 million from the fourth quarter of 2023 to the first year of 2024).

Overall, there were more gains than declines in both the sales and earnings columns. But it was close.

Here’s the full review: