NCI Building Systems (NCS) Tops Q3 EPS by 4c, Comments on Outlook
NCI Building Systems (NYSE: NCS) reported Q3 EPS of $0.33, $0.04 better than the analyst estimate of $0.29. Revenue for the quarter came in at $462.4 million versus the consensus estimate of $456.31 million.
For the full year, NCI continues to expect 2016 to be a better year than 2015 in terms of revenues, gross margin and Adjusted EBITDA. Due to the rapidly rising material costs, management believes that some customers, particularly in the Components segment, may have accelerated project deliveries into the third quarter to avoid expected price increases. This dynamic has already been included in management's previously announced outlook for the fiscal year and it does not change the Company's expectations for the fiscal fourth quarter and full-year results. However, it is expected to produce a som
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