NCI Building Systems Q3 Sales Rise; Net Loss Narrows

By Eric Volkman – Sep 4, 2013 at 10:16PM

NYSE: CNR

Cornerstone Building Brands

The company is still loss-making, although its bottom line shortfall is an improvement over Q3 2012.

NCI Building Systems (CNR) 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.

Fool contributor Eric Volkman has no position in NCI Building Systems. Nor does The Motley Fool. 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.