NCI Building Systems (NCS) Tops Q4 EPS by 9c, Offers Outlook
NCI Building Systems (NYSE: NCS) reported Q4 EPS of $0.31, $0.09 better than the analyst estimate of $0.22. Revenue for the quarter came in at $459.8 million versus the consensus estimate of $452.27 million.
Outlook and Guidance
Mr. Chambers remarked, "Over the last 18 months, we generated substantial improvements in both gross profit margin and Adjusted EBITDA, which was the direct result of a very deliberate strategy led by commercial discipline, effective supply chain management and enhanced manufacturing efficiencies. We will continue to execute on our strategic initiatives to further optimize our manufacturing footprint and decrease our cost structure over the next several quarters as we anticipate low to mid-single digit nonresidential market growth rates in calendar 2016.
"Our strong backlog includes a greater proportion of higher-complexity projects that have a longer lead time for production, providing us with good visibility through the first half of fiscal 2016. We expect our investments in IMP products over the past several years will help us to further unlock the anticipated growth potential of the underpenetrated North American market. We currently anticipate delivering year-over-year improvement in fiscal 2016. Similar to past years and due to the seasonal nature of our business, we expect our second half performance of fiscal 2016 to be stronger than the first half."
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