NCI Building Systems (NCS) Misses Q4 EPS by 3c
Get Alerts NCS Hot Sheet
Financial Fact:
Income (loss) from operations: 43.54M
Today's EPS Names:
SYBX, DSGN, ATRA, More
Join SI Premium – FREE
NCI Building Systems (NYSE: NCS) reported Q4 EPS of $0.28, $0.03 worse than the analyst estimate of $0.31. Revenue for the quarter came in at $480.3 million versus the consensus estimate of $483.75 million.
Guidance:
For the full year, NCI expects 2017 to be a better year than 2016 in terms of revenues and Adjusted EBITDA, driven primarily by the Company's ability to leverage expected market growth, the ongoing cost savings initiatives and opportunities to expand the IMP businesses. The Company's two key cost savings initiatives in manufacturing consolidation and ESG&A are expected to generate $30 to $40 million in cost savings by the end of 2018, of which $12 million was realized in 2016. In fiscal 2017, these two initiatives are expected to drive an incremental cost savings of $10.0 million. Similar to past years' seasonal trends, the Company expects the second half performance in 2017 to be stronger than the first half. For the first quarter of fiscal 2017, NCI expects revenues to be in the range of $370 to $390 million and gross profit margins to be in the range of 21.0% to 23.5%. For the full year fiscal 2017, the Company expects revenues to be in the range of $1.75 to $1.85 billion and Adjusted EBITDA to be in the range of $175 to $205 million.
For earnings history and earnings-related data on NCI Building Systems (NCS) click here.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Citi Trends (CTRN) Misses Q4 EPS by 27c, Misses on Revenue; Offers Guidance
- Brenmiller Energy (BNRG) Issues 2023 Operational Update
- System1, Inc. (SST) reports revenue, provides guidance
Create E-mail Alert Related Categories
Earnings, GuidanceRelated Entities
EarningsSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!