NEW YORK (TheStreet) -- Shares of NCI Building Systems(NCS) - Get Report were increasing in after-hours trading on Tuesday after the company reported better-than-expected results for the 2016 fiscal third quarter.
After today's market close, the manufacturer of metal products for non-residential building posted adjusted earnings of 33 cents per share, surpassing analysts' estimates of 29 cents per share.
Revenue rose 9% to $462.4 million year-over-year and was above Wall Street's projections of $456.3 million.
"The positive results were driven by our solid platform of manufacturing and supply chain initiatives, combined with ongoing strong commercial focus and discipline," CEO Norman Chambers said in a statement.
He added that the company's third-quarter performance "significantly outpaced" its markets.
For the full year, NCI Building continues to expect 2016 "to be a better year" than 2015 in terms of revenues, gross margin and adjusted EBITDA.
"Due to the rapidly rising material costs, management believes that some customers, particularly in the components segment, may have accelerated project deliveries into the third quarter to avoid expected price increases," the Houston-based company stated.
About 995,152 of the company's shares changed hands today compared to its average 30-day volume of 859,318 shares per day.
Separately, TheStreet Ratings Team has a "Hold" rating with a score of C+ on the stock.
The primary factors that have impacted the rating are mixed. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, compelling growth in net income and revenue growth.
But the team also finds that the company's profit margins have been poor overall.
Recently, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author.
You can view the full analysis from the report here: NCS