Issuer Ranking: U.S. Building Materials Companies, Strongest To Weakest Jun 09
Standard & Poors, June 2009
Abstract
Operating results and credit quality within the U.S. building materials sector have taken a hit over the past several months because of reduced volumes. Those declines reflect a still-weak U.S. economy that has resulted in continued depressed level of housing, a sharp drop in commercial construction activity, and limited consumer spending on repairs and remodeling. Nearly all of the 35 U.S. building materials companies that Standard & Poor's Ratings Services' rates recorded double-digit declines in sales for the first quarter. Revenues for the group dropped an average of 20%, exceeding our prior expectations. While the first quarter is usually seasonally the weakest for most companies in the sector, the magnitude of the top-line declines illustrates how hard this downturn has...
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Research Type: Commentary
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- Armstrong World Industries Inc.
- Black & Decker Corp.
- Guardian Industries Corp.
- Holcim (U.S.) Inc.
- Masco Corp.
- Nortek Inc.
- Owens Corning
- Stanley Black & Decker Inc.
- USG Corp.
- Wolverine Tube Inc.
- Associated Materials LLC
- Building Materials Corp. of America
- Contech Construction Products Inc.
- Martin Marietta Materials Inc.
- Atrium Cos. Inc.
- Texas Industries Inc.
- Builders FirstSource Inc.
- NCI Building Systems Inc.
- Dayton Superior Corp.
- Interline Brands Inc.
- Valmont Industries Inc.
- Lennox International Inc.
- Headwaters Inc.
- Ply Gem Industries Inc.
- CPG International Inc.
- U.S. Concrete Inc.
- Norcraft Holdings LP
- United Subcontractors Inc.
- The Tensar Corp.
- Gibraltar Industries Inc.
- IPS Corp.
- Jacuzzi Brands Corp.
- Specialized Technology Resources Inc.
- Vulcan Materials Co.
- Goodman Global Inc.
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