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Electrical Systems Stocks Q4 Earnings: LSI (NASDAQ:LYTS) Firing on All Cylinders

LYTS Cover Image

As the craze of earnings season draws to a close, here’s a look back at some of the most exciting (and some less so) results from Q4. Today, we are looking at electrical systems stocks, starting with LSI (NASDAQ: LYTS).

Like many equipment and component manufacturers, electrical systems companies are buoyed by secular trends such as connectivity and industrial automation. More specific pockets of strong demand include Internet of Things (IoT) connectivity and the 5G telecom upgrade cycle, which can benefit companies whose cables and conduits fit those needs. But like the broader industrials sector, these companies are also at the whim of economic cycles. Interest rates, for example, can greatly impact projects that drive demand for these products.

The 15 electrical systems stocks we track reported a satisfactory Q4. As a group, revenues beat analysts’ consensus estimates by 2.1% while next quarter’s revenue guidance was 1.3% below.

Amidst this news, share prices of the companies have had a rough stretch. On average, they are down 9.8% since the latest earnings results.

Best Q4: LSI (NASDAQ: LYTS)

Enhancing commercial environments, LSI (NASDAQ: LYTS) provides lighting and display solutions for businesses and retailers.

LSI reported revenues of $147 million, flat year on year. This print exceeded analysts’ expectations by 4.9%. Overall, it was a stunning quarter for the company with an impressive beat of analysts’ EBITDA estimates and a solid beat of analysts’ revenue estimates.

“The strength of our diversified, solutions-based model was evident in the second quarter, enabling LSI to deliver solid performance despite a challenging prior-year comparison,” stated James A. Clark, President and Chief Executive Officer of LSI.

LSI Total Revenue

Unsurprisingly, the stock is down 4.6% since reporting and currently trades at $19.45.

We think LSI is a good business, but is it a buy today? Read our full report here, it’s free.

Atkore (NYSE: ATKR)

Protecting the things that power our world, Atkore (NYSE: ATKR) designs and manufactures electrical safety products.

Atkore reported revenues of $655.5 million, flat year on year, outperforming analysts’ expectations by 0.9%. The business had an exceptional quarter with a beat of analysts’ EPS estimates and an impressive beat of analysts’ EBITDA estimates.

Atkore Total Revenue

Although it had a fine quarter compared its peers, the market seems unhappy with the results as the stock is down 19.6% since reporting. It currently trades at $56.35.

Is now the time to buy Atkore? Access our full analysis of the earnings results here, it’s free.

Weakest Q4: Whirlpool (NYSE: WHR)

Credited with introducing the first automatic washing machine, Whirlpool (NYSE: WHR) is a manufacturer of a variety of home appliances.

Whirlpool reported revenues of $4.10 billion, flat year on year, falling short of analysts’ expectations by 3.7%. It was a softer quarter as it posted a significant miss of analysts’ revenue estimates and a significant miss of analysts’ EBITDA estimates.

Whirlpool delivered the weakest performance against analyst estimates in the group. As expected, the stock is down 29.5% since the results and currently trades at $57.03.

Read our full analysis of Whirlpool’s results here.

Hubbell (NYSE: HUBB)

A respected player in the electrical segment, Hubbell (NYSE: HUBB) manufactures electronic products for the construction, industrial, utility, and telecommunications markets.

Hubbell reported revenues of $1.49 billion, up 11.9% year on year. This number met analysts’ expectations. Taking a step back, it was a satisfactory quarter as it also produced a solid beat of analysts’ adjusted operating income estimates but full-year EPS guidance missing analysts’ expectations.

The stock is down 4.9% since reporting and currently trades at $471.16.

Read our full, actionable report on Hubbell here, it’s free.

Thermon (NYSE: THR)

Creating the first packaged tracing systems, Thermon (NYSE: THR) is a leading provider of engineered industrial process heating solutions for process industries.

Thermon reported revenues of $147.3 million, up 9.6% year on year. This print beat analysts’ expectations by 6.5%. It was an exceptional quarter as it also logged an impressive beat of analysts’ EBITDA estimates and a solid beat of analysts’ revenue estimates.

The stock is up 7.1% since reporting and currently trades at $49.48.

Read our full, actionable report on Thermon here, it’s free.

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StockStory’s analyst team — all seasoned professional investors — uses quantitative analysis and automation to deliver market-beating insights faster and with higher quality.

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