Ply Gem Holdings (PGEM) Misses Q3 EPS by 7c
Ply Gem Holdings (NYSE: PGEM) reported Q3 EPS of $0.41, $0.07 worse than the analyst estimate of $0.48. Revenue for the quarter came in at $564.7 million versus the consensus estimate of $571.08 million.
“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, continuing to improve our balance sheet and being opportunistic within our strategic priorities,” said Mr. Robinette. \"As we look to the fourth quarter and consider the commodity cost headwinds associated with Hurricanes Harvey and Irma, we expect our fourth quarter adjusted EBITDA to be in the range of $50 to $55 million which would provide a full year 2017 adjusted EBITDA of $235 to $240 million.”
For earnings history and earnings-related data on Ply Gem Holdings (PGEM) click here.