Ply Gem Holdings Reports Profit In Q2 - Quick Facts

By RTT News, 
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(RTTNews.com) - Ply Gem Holdings, Inc. ( PGEM ) reported second-quarter net income of $11.38 million or $0.17 per share, compared to a loss of $50.88 million or $0.90 per share, last year.

On average, nine analysts polled by Thomson Reuters expected the company to report profit per share of $0.17 for the quarter. Analyst's estimates typically exclude special items.

Adjusted EBITDA increased to $44.31 million from $41.05 million.

Net sales increased to $409.21 million from $368.14 million, last year. Analysts expected revenue of $404.45 million for the quarter. The company said its acquisitions of Gienow and Mitten, which were completed during the second quarter of 2013, favorably impacted net sales by approximately $24.0 million during the quarter ended June 28, 2014 relative to the quarter ended June 29, 2013.

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This article appears in: Earnings

Referenced Stocks: PGEM , TRI

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