NCI Building Systems Q3 Sales Rise; Net Loss Narrows

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.

The article NCI Building Systems Q3 Sales Rise; Net Loss Narrows originally appeared on Fool.com.

Fool contributor Eric Volkman has no position in NCI Building Systems. Nor does The Motley Fool. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.


Increase your money and finance knowledge from home

What Is Your Risk Tolerance?

Answer the question "What type of investor am I?".

View Course »

Socially Responsible Investing

Invest in companies with a conscience.

View Course »

Add a Comment

*0 / 3000 Character Maximum