NCI Building Systems (NCS) Tops Q2 EPS by 4c; Raises FY Outlook
NCI Building Systems (NYSE: NCS) reported Q2 EPS of $0.16, $0.04 better than the analyst estimate of $0.12. Revenue for the quarter came in at $420.5 million versus the consensus estimate of $408.95 million.
Norman C. Chambers, Chairman and Chief Executive Officer, commented, "We are pleased with our solid second quarter performance, which culminated in a stronger first half of fiscal 2017 compared to the first half of last year. We achieved year-over-year growth in both our insulated metal panel and legacy Components products in a slowly recovering economy with higher steel input costs."
"We continue to be encouraged by key forward looking indicators that show increased momentum over the next twelve months. We expect the second half of fiscal 2017 to deliver another significant improvement in year-over-year performance. We are confident that market conditions and the positive impact of our ongoing manufacturing efficiencies and cost reduction initiatives should set the stage for another year of top-line and bottom-line growth in 2018," Mr. Chambers concluded.
NCI Building Systems sees FY2017 revenue of $1.8-1.86 billion,$1.80 - $1.86 billion, versus the consensus of $1.81 billion.
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