Here's Why Shares in this Housing Related Stock Slumped in May

Underexposure to the new housing construction market is hurting this door and window company. In response to the difficult first quarter and challenging conditions in the housing market, management lowered its full-year revenue and adjusted earnings before interest, depreciation, and amortization (EBITDA) guidance. Instead of a full-year core revenue decline of flat to 7%, management now expects revenue to decline between 5% and 9%. Furthermore, instead of guidance for full-year adjusted EBITDA in the range ...