NCI Building Systems (NCS) Tops Q3 EPS by 3c, Revenues Beat; Offers 4Q Revenues Above Consensus

NCI Building Systems (NYSE: NCS) reported Q3 EPS of $0.51, $0.03 better than the analyst estimate of $0.48. Revenue for the quarter came in at $548.5 million versus the consensus estimate of $534.23 million.

Sales rose 16.9% to $548.5 million for the quarter, compared to $469.4 million in the prior year\'s third quarter
Gross profit was $133.4 million or 24.3% of sales, compared to $115.0 million or 24.5% of sales, in the prior year\'s third quarter
Net income was $36.0 million for the quarter, compared to $18.2 million in the prior year\'s third quarter. Adjusted Net Income was $33.9 million this quarter, compared to $19.6 million in the prior year\'s third quarter
Net income per diluted common share for the quarter was $0.54, compared to $0.25 in the prior year\'s third quarter. Adjusted Net Income was $0.51 per diluted common share, compared to $0.27 in the prior year\'s third quarter
Adjusted EBITDA was $63.3 million, or 11.5% of revenues, for the quarter, compared to Adjusted EBITDA of $50.4 million, or 10.7% of revenues, in the prior year\'s third quarter
Total consolidated backlog increased to $650.9 million, up 12.1% year-over-year

Commenting on the quarter, Donald R. Riley, NCI's President and Chief Executive Officer, said, "Our third quarter results continue to demonstrate our commitment to maintaining commercial discipline across all of our businesses in an environment of increasing input costs. Led by a solid performance from our Buildings and Components segments, we are pleased to have seen volume increases and the successful execution of our adjacency strategy for Insulated Metal Panels and doors. NCI's backlog and bookings continue to support our favorable outlook for fiscal 2018 and beyond. We believe we are well positioned to finish 2018 with positive year-over-year improvement in both revenue and Adjusted EBITDA."

GUIDANCE:

NCI Building Systems sees Q4 2018 revenue of $550-570 million, versus the consensus of $547.07 million.

For earnings history and earnings-related data on NCI Building Systems (NCS) click here.

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