NCI sees strong potential for construction growth
Metal non-residential construction products supplier NCI Building Systems expects to see steady growth in its core end markets over the balance of the year, Kallanish learns from the company’s fiscal third quarter earnings.
“Current market data from internal bookings reflects several end-market segments showing year-over-year positive growth including agricultural, commercial warehouse, retail, government, religious buildings and transportation,” the company says. “Geographic markets demonstrating year-over-year growth include the East, South Central, Mountain, New England, and Pacific areas of the United States.”
Citing indices from the American Institute of Architects and the Conference Board, NCI says it expects non-residential construction new project starts to grow about 4-6% year-on-year.
NCI posted a net profit in fiscal Q3 of $23.6 million on sales of $462.4m, up from a profit of $7.2m on sales of $420.8m in Q3 2015.
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Anonymous
Very good overview of the weekly steel market.
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