NCI Building Systems Increases Sales but Misses Estimates on Earnings

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NCI Building Systems (NYS: NCS) reported earnings on June 4. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended April 28 (Q2), NCI Building Systems met expectations on revenues and missed expectations on earnings per share.

Compared to the prior-year quarter, revenue grew significantly. GAAP loss per share dropped.


Margins shrank across the board.

Revenue details
NCI Building Systems booked revenue of $293.4 million. The five analysts polled by S&P Capital IQ anticipated a top line of $293.1 million on the same basis. GAAP reported sales were 17% higher than the prior-year quarter's $250.2 million.

Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.

EPS details
EPS came in at -$0.28. The five earnings estimates compiled by S&P Capital IQ predicted -$0.20 per share. GAAP EPS were -$0.28 for Q2 compared to -$0.86 per share for the prior-year quarter.

Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.

Margin details
For the quarter, gross margin was 20.7%, 250 basis points worse than the prior-year quarter. Operating margin was -0.7%, 350 basis points worse than the prior-year quarter. Net margin was -1.8%, 230 basis points worse than the prior-year quarter. (Margins calculated in GAAP terms.)

Looking ahead
Next quarter's average estimate for revenue is $355.1 million. On the bottom line, the average EPS estimate is $0.11.

Next year's average estimate for revenue is $1.35 billion.

Investor sentiment
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 164 members out of 182 rating the stock outperform, and 18 members rating it underperform. Among 48 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 44 give NCI Building Systems a green thumbs-up, and four give it a red thumbs-down.

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The article NCI Building Systems Increases Sales but Misses Estimates on Earnings originally appeared on Fool.com.

Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor ofMotley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. The Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools may not 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.

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