Looking back on electrical systems stocks’ Q3 earnings, we examine this quarter’s best and worst performers, including Whirlpool (NYSE: WHR) and its peers.

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 very strong Q3. As a group, revenues beat analysts’ consensus estimates by 4.3% while next quarter’s revenue guidance was 1.3% below.

Thankfully, share prices of the companies have been resilient as they are up 9% on average since the latest earnings results.

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 $4.03 billion, up 1% year on year. This print exceeded analysts’ expectations by 2.5%. Overall, it was a very strong quarter for the company with a beat of analysts’ EPS estimates and full-year EPS guidance exceeding analysts’ expectations.

Whirlpool achieved the highest full-year guidance raise of the whole group. Unsurprisingly, the stock is up 15.2% since reporting and currently trades at $85.02.

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

Best Q3: 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 $131.7 million, up 14.9% year on year, outperforming analysts’ expectations by 10.3%. The business had a stunning quarter with a beat of analysts’ EPS estimates and an impressive beat of analysts’ EBITDA estimates.

Thermon delivered the biggest analyst estimates beat among its peers. The market seems happy with the results as the stock is up 38.2% since reporting. It currently trades at $40.65.

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

Weakest Q3: Atkore (NYSE: ATKR)

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

Atkore reported revenues of $752 million, down 4.6% year on year, exceeding analysts’ expectations by 2.5%. Still, it was a slower quarter as it posted a significant miss of analysts’ adjusted operating income estimates and a significant miss of analysts’ EBITDA estimates.

Interestingly, the stock is up 6.5% since the results and currently trades at $70.86.

Read our full analysis of Atkore’s results here.

LSI (NASDAQ: LYTS)

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

LSI reported revenues of $157.2 million, up 13.9% year on year. This print beat analysts’ expectations by 5.2%. Overall, it was an exceptional quarter as it also put up a solid beat of analysts’ revenue estimates and an impressive beat of analysts’ EBITDA estimates.

The stock is down 13.5% since reporting and currently trades at $19.89.

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

Methode Electronics (NYSE: MEI)

Founded in 1946, Methode Electronics (NYSE: MEI) is a global supplier of custom-engineered solutions for Original Equipment Manufacturers (OEMs).

Methode Electronics reported revenues of $246.9 million, down 15.6% year on year. This result surpassed analysts’ expectations by 3.9%. It was a very strong quarter as it also recorded a solid beat of analysts’ EBITDA estimates and an impressive beat of analysts’ revenue estimates.

Methode Electronics had the slowest revenue growth among its peers. The stock is down 13.2% since reporting and currently trades at $7.55.

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

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