Amazon jumps 5% after AWS and OpenAI announce $38B partnership
Investing.com -- Saint-Gobain (EPA:SGOB) stock dropped more than 3% on Friday after the French building materials company posted third-quarter 2025 sales that narrowly topped forecasts, as gains in Europe and Asia-Pacific were offset by weakness in North America.
The company reported sales of €11.42 billion for the three months ended September, slightly above analyst estimates of €11.4 billion, according to a company statement released Thursday. Sales rose 1.3% in local currencies, supported by what
Saint-Gobain described it as a “gradual recovery in Europe” and “good momentum in Asia-Pacific and Latin America.”
Like-for-like sales declined 0.2%, improving from a 1.8% drop in the second quarter. On a reported basis, sales were down 1.3%, reflecting currency depreciation, particularly in the Americas.
In Europe, Saint-Gobain’s largest region, sales increased 1.2% in local currencies and 0.6% like-for-like, marking the first return to growth since early 2023.
The company said the U.K. delivered “further growth,” driven by residential and energy-efficiency solutions, while France “stabilized,” helped by improving housing indicators.
In Southern Europe, the Middle East, and Africa, sales rose 1.5% like-for-like, lifted by strong activity in Spain, Italy, and the United Arab Emirates.
Performance in the Americas was mixed. Regional sales contracted 1% in local currencies, as North America declined 6.5% like-for-like amid what Saint-Gobain called “continued softness in new construction” and the absence of major weather-related demand for roofing.
Latin America, however, grew 12.8% in local currencies, driven by double-digit growth in construction chemicals and industrial solutions.
The Asia-Pacific region remained a bright spot, with sales up 8.4% in local currencies. Growth was led by India and Southeast Asia, with India achieving “double-digit volume growth” and further market share gains, supported by strong demand for sustainable construction solutions.
Saint-Gobain reaffirmed its 2025 full-year outlook, saying it expects an operating margin of more than 11%. The company also said the integration of recent acquisitions “is progressing well, delivering the expected synergies.”