Tenon may dual list in the United States where 90% of its products are sold, in a bid to boost the value of its shares.
The wood manufacturer and distributor's share price jumped more than 11.5% on Wednesday, after saying it expects half year earnings for 2014 to equal the full year earnings for 2013.
Its shares rose 15 cents to $1.45, but it says they are worth more than $2.
Tenon told shareholders on Wednesday it is exploring a dual New Zealand-US listing as one option for enhancing its value.
Chief operating officer Tony Johnston says the company is benefiting from a recovery in the US housing market but that's not reflected in the share price.
He says American consumers are more aware of the significant change in the economy, particularly in the home sector of the US economy, and that's being reflected in the valuation they put on companies via the share price.
Mr Johnston says the New Zealand sharemarket is not as well informed about what is happening in the consumer market as the US shareholders would be.
He says consequently Tenon wants to expose itself to the US equity market by, for example, dual listing in the US and New Zealand markets.
Mr Johnston says the company is also planning a share buy back programme and returning cash to shareholders from the beginning of its 2014 financial year.
Tenon's three large shareholders are Rubicon with a 60% stake, New York-based Third Avenue Investments and ACC.
