Industry Overview - The Zacks Building Products – Wood industry is currently facing challenges such as rising construction costs, potential housing project delays, and affordability concerns for consumers [1] - Spending on home repair and remodeling has decreased from pandemic highs due to elevated mortgage rates impacting consumer budgets [1][2] - There is a strong need for investments in critical replacements and modernization of aging housing stock, alongside increased funding for infrastructure and carbon/ESG-related projects [2][6] Trends Impacting the Industry - The U.S. housing market is constrained by high interest rates and low consumer confidence, affecting demand for lumber and remodeling [4] - The reimplementation of tariffs on Canadian softwood lumber could lead to supply shortages and increased material costs, as Canada supplies about 30% of U.S. softwood lumber [4] - Volatility in lumber prices remains a significant concern, impacting inventory costs and profit margins [5] Company Strategies - Companies are focusing on acquisitions, product innovation, and efficient cost-reduction strategies to navigate current challenges [7][8] - Operational excellence is being emphasized, including improvements in merchandising, harvest, and transportation efficiencies [8] Industry Performance - The Zacks Building Products – Wood industry has outperformed the broader Zacks Construction sector and the S&P 500 over the past year, gaining 21.6% compared to the sector's 8.8% and the S&P 500's 12.3% [13] - The industry currently has a Zacks Industry Rank of 155, placing it in the bottom 37% of over 250 Zacks industries, indicating dull near-term prospects [9][10] Earnings Outlook - Analysts have shown decreasing confidence in the industry's earnings growth potential, with aggregate earnings estimates for 2025 declining from $2.22 to $2.11 per share [11] - Despite the bleak near-term outlook, some companies are highlighted for their potential to capitalize on fundamental strengths [12] Notable Companies - **Worthington Enterprises, Inc. (WOR)**: Gained 48.4% over the past year, with an upward estimate revision for fiscal 2026 earnings to $3.65 from $3.14 per share [22] - **PotlatchDeltic Corporation (PCH)**: Gained 5% over the past year, with an upward estimate revision for 2025 earnings to 88 cents from 83 cents per share [26] - **Trex Company, Inc. (TREX)**: Experienced a loss of 20.9% over the past year, but has seen an upward estimate revision for 2025 earnings to $2.21 from $2.16 per share [30]

Company Overview - Northann Corp. is a leader in additive manufacturing and 3D printing technologies for the building materials industry, founded in 2022 and headquartered in Fort Lawn, South Carolina [2] - The company offers innovative flooring, decking, and other construction products through its flagship brand, Benchwick [2] - Northann holds a robust portfolio of over 60 granted or pending patents, highlighting its commitment to innovation and sustainability [2] Financial Disclosure - Northann Corp. disclosed in its annual report on Form 10-K for the fiscal year ended December 31, 2024, that the audit opinion contained a going concern qualification from its independent registered public accounting firm [1] - This announcement was made to comply with NYSE American Company Guide Sections 401(h) and 610(b), requiring separate disclosure of such audit opinions [1] - The announcement does not represent any change or amendment to the company's 2024 audited financial statements or its 2024 annual report on Form 10-K [1]

Core Viewpoint - Steel Dynamics, Inc. anticipates second quarter 2025 earnings per diluted share in the range of $2.00 to $2.04, a decrease from $2.72 in the same quarter last year and an increase from $1.44 in the first quarter of 2025 [1][2]. Group 1: Steel Operations - Profitability from steel operations is expected to be significantly stronger than the first quarter of 2025, driven by expanded metal spreads and increased average realized steel pricing [2]. - Long product steel shipments improved sequentially, while flat rolled volumes contracted modestly due to inventory overhang from coated flat rolled steel imports [2]. - Demand is primarily led by the energy, non-residential construction, automotive, and industrial sectors [2]. - Steel segment pretax earnings were reduced by approximately $32 million due to a noncash write-off of consumable assets [2]. Group 2: Metals Recycling Operations - Earnings from metals recycling operations are expected to remain steady sequentially, as stronger shipments offset lower realized pricing [3]. Group 3: Steel Fabrication Operations - Earnings from steel fabrication operations are expected to decline compared to the first quarter of 2025, due to steady shipments and metal spread compression from increased raw material costs [4]. - The pace of order activity increased, and the order backlog improved, supported by demand from commercial, data center, manufacturing, warehouse, and healthcare sectors [4]. - Domestic manufacturing investment and the U.S. infrastructure program are expected to positively impact demand for steel products [4]. Group 4: Aluminum Operations - The company is successfully commissioning its aluminum flat rolled products mill in Columbus, Mississippi, and a satellite recycled slab center in San Luis Potosi, Mexico [5]. - The first aluminum ingot was cast in January and March 2025, with shipping expected to begin mid-2025 [5]. Group 5: Stock Repurchase - As of June 11, 2025, the company repurchased $179 million, or one percent, of its common stock during the second quarter [6]. Group 6: Company Overview - Steel Dynamics is a leading industrial metals solutions company, operating with a circular manufacturing model and focusing on lower-carbon-emission products [7]. - The company is one of the largest domestic steel producers and metal recyclers in North America, with ongoing investments in aluminum operations to diversify its product offerings [7].

SEEING MORE INVESTOR PRESENTATION | AS OF Q1 2023 NYSE:TREX 1 AT TREX, EVEN OUR PRESENTATION DECKS SAVE TREES. Scan for our paperless investor presentation. 2 SAFE HARBOR / NON-GAAP MEASURES This presentation contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These statements are subject to risks and uncertainties that could cause the Company's actual operating results to differ materially from those c ...

SEEING MORE INVESTOR PRESENTATION | AS O F Q2 2023 NYSE:TREX AT TREX, EVEN OUR PRESENTATION DECKS SAVE TREES. Scan for our paperless investor presentation. SAFE HARBOR / NON-GAAP MEASURES This presentation contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These statements are subject to risks and uncertainties that could cause the Company's actual operating results to differ materially from those cont ...

SEEING MORE INVESTOR PRESENTATION | AS O F Q1 2024 NYSE:TREX AT TREX, EVEN OUR PRESENTATION DECKS SAVE TREES. Scan for our paperless investor presentation. SAFE HARBOR / NON-GAAP MEASURES This presentation contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These statements are subject to risks and uncertainties that could cause the Company's actual operating results to differ materially from those cont ...

S EEI N G M O R E I N V E S T O R P R E S E N T A T I O N | AS O F Q1 2025 N Y S E : T R E X AT TREX, EVEN OUR PRESENTATION DECKS SAVE TREES. Scan for our paperless investor presentation. SAFE HARBOR / NON-GAAP MEASURES This presentation contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These statements are subject to risks and uncertainties that could cause the Company's actual operating results to d ...

SEEING MORE INVESTOR PRESENTATION | AS O F Q3 2023 NYSE:TREX AT TREX, EVEN OUR PRESENTATION DECKS SAVE TREES. Scan for our paperless investor presentation. SAFE HARBOR / NON-GAAP MEASURES This presentation contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These statements are subject to risks and uncertainties that could cause the Company's actual operating results to differ materially from those cont ...

I'm here at the Xbox Games Showcase at Summer GameFest in Los Angeles. And we just watched a 2-hour live stream of new trailers and game announcements. But one of the most exciting was the long rumored Xbox handheld.Two devices called the Xbox Ally and the Xbox Ally X. And I just went hands-on with them. Here's everything you need to know.The Asus ROG Xbox Ally is a dedicated gaming handheld that runs Windows 11. You'll be able to navigate through a full screen Xbox experience, combining your gaming library ...

证券研究报告|行业点评报告 [Table_Date] 2025 年 06 月 07 日 [Table_Title] Nintendo Switch 2：年度消费电子爆款，分 歧中热卖 | | 行业评级: 推荐 | | --- | --- | | [Table_Title2] 电子 | | [Table_Summary] 事件概述: 6 月 5 日 任天堂 Switch 2 正式开售，是 Switch 一代发布八年来的全面升级，海外出现抢购潮。 据路透社报道，由于玩家们对这款性能更强大的下一代游戏机的需求积压已久，Switch 2 预计将在全球范围内 出现供应短缺的情况。 分析与判断: ► 首周预订创纪录，有望成为史上销量最高的游戏机。 根据荆楚网，任天堂 Switch 2 在日本地区通过多轮抽签预售后，已累计锁定超过 120 万台掌机订单，打破日 本市场主机首发纪录。 初代 Switch 日本首周销量为 33 万台，而目前史上累计销量最高的主机 PS2，在日本的首周销量约 60 万 台。 我们认为如首周数据断档式领先，则 NS2 将有望成为历史最高销量的游戏机，有望突破 PS2 的 1.6 亿台。 ► 海外多 ...