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BRIEF-NCI Building Systems reports Q3 earnings per share $0.25
September 6, 2017 / 8:26 PM / 3 months ago

BRIEF-NCI Building Systems reports Q3 earnings per share $0.25

Sept 6 (Reuters) - NCI Building Systems Inc:

* NCI Building Systems reports third quarter 2017 results

* Q3 adjusted non-GAAP earnings per share $0.27 excluding items

* Q3 earnings per share $0.25

* Q3 sales $469.4 million versus I/B/E/S view $495.2 million

* Q3 earnings per share view $0.32 -- Thomson Reuters I/B/E/S

* Sees Q4 2017 revenue $470 million to $500 million

* Sees FY 2017 revenue $1.75 billion to $1.78 billion

* NCI Building - co’s two cost savings initiatives in manufacturing consolidation and ESG&A to generate $30 to $40 million in cost savings by end of 2018​

* NCI Building Systems Inc - total consolidated backlog increased to $580.7 million, up 4.2pct in quarter

* NCI Building Systems Inc - ‍expects fiscal 2017 adjusted ebitda to be $162 to $176 million​

* NCI Building Systems - ‍downward revisions to Q4, annual revenues and adjusted EBITDA outlook are result of softer market activity seen in Q3​

* NCI Building Systems - ‍ during fiscal 2017, 2 ongoing cost savings initiatives anticipated to generate incremental $10 million in realized cost savings​

* NCI Building Systems-softer market activity seen in Q3 is expected to continue into Q4, particularly in legacy components segment Source text for Eikon: Further company coverage:

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