United States

NCI Building Systems reports Q3 earnings per share $0.25

Wednesday, 6 Sep 2017 04:15pm EDT 

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.