Ply Gem Holdings (PGEM) Misses Q4 EPS by 1c
Ply Gem Holdings (NYSE: PGEM) reported Q4 EPS of $0.14, $0.01 worse than the analyst estimate of $0.15. Revenue for the quarter came in at $462.3 million versus the consensus estimate of $444.43 million.
The Company’s 2017 annual outlook is based on a U.S. single family housing starts market growth assumption of 5% to 10% and an assumption of 3% to 5% growth in the U.S. big ticket repair and remodel market.
“As we enter 2017, we look forward to capitalizing on the momentum we’ve built over this past year,” said Mr. Robinette. “As the housing market in the U.S. continues to recover, we are well positioned to drive profitable growth and generate meaningful operating leverage, earnings and cash flow. In addition, we remain committed to driving shareholder value and continuing to improve our balance sheet. In looking forward to 2017, and taking into account the seasonality of our business, we expect our full year 2017 adjusted EBITDA to be in the range of $250 to $265 million
For earnings history and earnings-related data on Ply Gem Holdings (PGEM) click here.