NCI Building Systems Q3 Sales Rise; Net Loss Narrows
Sep 4th 2013 10:16PM
Updated Sep 4th 2013 10:20PM
NCI Building Systems hasn't yet crawled out of the loss-making basement, the company's Q3 results reveal. For the quarter, revenue was $317 million, up from the $298 million in the same period the previous year. Attributable net loss tapered to $12.2 million ($0.19 per diluted share) from Q3 2012's red figure of $52.1 million ($2.74).
In the press release announcing the results, company CEO Norman Chambers sounded an optimistic note, saying that "we generated sequential improvement in our operating results in the third quarter despite a lack of meaningful pick-up in demand for nonresidential construction."
NCI Building Systems also provided selected forward guidance. For the entirety of fiscal 2013, capital expenditures are expected to total $27 million-$30 million. Meanwhile engineering, selling, general and administrative expenses are anticipated to land at $66 million to $68 million in the company's current Q4.
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