Materials: which companies drove growth

Weight is each company's share of the 20 companies' combined market cap. Contribution is the change in its owners' profit divided by their combined base profit, in percentage points, so the column adds up to the sector's earnings growth. EPS cannot be added across companies, which is why contributions use profit.

#	Company	Weight	EPS $, base → now	EPS growth	Contribution	Price
1	LILinde plcLIN	16.5%	4.09 → 3.26	−20%	−2.7 pp	−10%
2	SCSouthern Copper CorporationSCCO	9.7%	1.34 → 1.56	+16%	+1.4 pp	+14%
3	NENewmont CorporationNEM	9.0%	1.67 → 1.21	−28%	−3.6 pp	+15%
4	CRCRH plcCRH	6.9%	2.21 → 1.52	−31%	−3.3 pp	+4%
5	SHThe Sherwin-Williams CompanySHW	6.6%	3.35 → 1.92	−43%	−2.4 pp	−7%
6	ECEcolab Inc.ECL	6.2%	2.05 → 1.98	−3%	−0.1 pp	−4%
7	FCFreeport-McMoRan Inc.FCX	6.1%	0.47 → 0.28	−40%	−1.8 pp	+30%
8	JCJohnson Controls International plcJCI	6.0%	2.67 → 0.85	−68%	−8.0 pp	+5%
9	APAir Products and Chemicals, Inc.APD	4.6%	0.02 → 3.04	+13,718%	+4.6 pp	−9%
10	DDDuPont de Nemours, Inc.DD	4.1%	−0.87 → −0.90	loss, bigger	0.0 pp	+24%
11	CTCorteva, Inc.CTVA	3.7%	−0.47 → −0.82	loss, bigger	−1.6 pp	0%
12	VMVulcan Materials CompanyVMC	3.1%	2.83 → 1.91	−33%	−0.9 pp	−7%
13	MLMartin Marietta Materials, Inc.MLM	3.1%	6.85 → 4.62	−33%	−0.9 pp	−1%
14	NUNucor CorporationNUE	3.1%	2.63 → 1.64	−38%	−1.6 pp	+20%
15	AMAmrize LtdAMRZ	2.5%	0.99 → 0.54	−45%	−1.7 pp	+12%
16	STSteel Dynamics, Inc.STLD	2.0%	2.74 → 1.82	−34%	−0.9 pp	+22%
17	PPPPG Industries, Inc.PPG	1.9%	2.00 → 1.33	−34%	−1.0 pp	−2%
18	IPInternational Paper CompanyIP	1.8%	−2.09 → −4.52	loss, bigger	−8.7 pp	−12%
19	RGRoyal Gold, Inc.RGLD	1.6%	1.92 → 1.16	−40%	−0.2 pp	−5%
20	IFInternational Flavors & Fragrances Inc.IFF	1.4%	0.16 → 0.07	−56%	−0.1 pp	+10%
	Sector earnings growth	100%			−33.6 pp