NCI Building Systems
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.
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 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.
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.)
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.
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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