StockPreacher.com Issues Trading Outlook for NCI Building Systems Inc.
DALLAS, Oct. 14, 2009 (GLOBE NEWSWIRE) -- StockPreacher.com announces an investment report featuring NCI Building Systems Inc. (NYSE: NCS). The report includes financial and investment analysis, analyst consensus, and pertinent industry information you need to know to make an educated investment decision.
The investment report on NCI Building Systems Inc. (NYSE: NCS) should be of particular interest to other general building materials companies: USG Corp. (NYSE: USG), Gibraltar Industries Inc. (Nasdaq: ROCK), Nucor Corp. (NYSE: NUE) and Owens Corning (NYSE: OC).
The full report is available at: http://www.stockpreacher.com/n/NCS
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NCI Building Systems Inc. (NCS) is a group of recognized brands and companies engaged in manufacturing and supplying of metal coil coating services, metal building components and engineered metal building systems. The Company is comprised of a family of companies with 39 operational manufacturing facilities across the United States and Mexico with additional sales and distribution offices throughout the United States and Canada. Its customers include designers, contractors and building owners in a wide range of markets.
Message Board Search for NCS: http://www.boardcentral.com/boards/NCS
In the report, the analyst notes:
"The recent market environment continued to be challenging for NCS as reflected by a significant year-over-year decline in nonresidential construction activity in its commercial and industrial sectors. But thanks to lower costs combined with pricing discipline, NCS reported sequential improvement in its operating results for the third quarter of 2009. 'Cost reduction programs that have been implemented over the past 10 months resulted in sequential declines in the non-material component of cost of goods sold and SG&A of 17% and 9.2%, respectively. Year-over-year, these expenses were down 49.7% and 31.9%, respectively,' Norman Chambers, NCS president and CEO stated in the Company's press release.
"On October 9, the Company reported further progress on its refinancing plan after finalizing with its lenders the form of agreement for a $125 million asset-based revolving credit facility (ABL) with an additional $50 million accordion feature, and that the Company has confirmed participation from lenders for the full availability under the facility."
To read the entire report visit: http://www.stockpreacher.com/n/NCS
StockPreacher.com is a small-cap research and investment commentary provider. StockPreacher.com strives to provide a balanced view of many promising small-cap companies that would otherwise fall under the radar of the typical Wall Street investor. We provide investors with an excellent first step in their research and due diligence by providing daily trading ideas, and consolidating the public information available on them. For more information on StockPreacher, please visit: http://www.stockpreacher.com.
StockPreacher.com Disclosure
StockPreacher.com is not a registered investment advisor and nothing contained in any materials should be construed as a recommendation to buy or sell any securities. StockPreacher.com is a Web site wholly owned by BlueWave Advisors, LLC. Please read our report and visit our Web site, StockPreacher.com, for complete risks and disclosures.
CONTACT: StockPreacher.com
Jeff Bishop
(469)-252-3505
press@beaconequity.com
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