NCI BUILDING SYSTEMS, INC. (NYSE:NCS) Files An 8-K Results of Operations and Financial Condition
Item 7.01. Results of Operations and Financial Condition.
On February 14, 2019, NCI Building Systems, Inc. (“NCI” or the “Company”) posted a supplemental operational update presentation (the “Supplemental Presentation”) to the Investor Relations section of its website www.ncibuildingsystems.com. The Supplemental Presentation contains certain unaudited financial information for calendar year 2018. A copy of the Supplemental Presentation is being furnished as Exhibit 99.1 to this Current Report on Form 8-K.
The Supplemental Presentation includes Pro Forma Adjusted EBITDA which is a non-GAAP financial measure. Pro Forma Adjusted EBITDA excludes restructuring and impairment charges, strategic development and acquisition related costs, gain (loss) on disposition of business, acceleration of CEO retirement benefits, gain on insurance recovery, share-based compensation, loss on sale of assets and asset recovery, unreimbursed business interruption costs and goodwill impairment. Pro Forma Adjusted EBITDA is calculated based on the terms contained in NCI’s term loan credit agreement.
Pro Forma Adjusted EBITDA is a measure used by management and, therefore, provided to investors to provide comparability between periods of underlying operational results. Pro Forma Adjusted EBITDA should not be considered in isolation or as a substitute for net income determined in accordance with generally accepted accounting principles in the United States. Pro Forma Adjusted EBITDA and a reconciliation thereof to the most directly comparable measure prepared in accordance with generally accepted accounting principles is included in the Supplemental Presentation being furnished as Exhibit 99.1 to this Current Report on Form 8-K.
The information in this Item 7.01, and in Exhibit 99.1 which is attached to this Form 8-K shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”) or otherwise subject to the liabilities of that Section, nor shall they be deemed incorporated by reference in any registration statement or other filing under the Securities Act of 1933, as amended, or the Exchange Act, except in the event that NCI expressly states that such information is to be considered “filed” under the Exchange Act or incorporates it by specific reference in such filing.
Item 7.01 Regulation FD Disclosure.
The Supplemental Presentation, which contains certain unaudited financial information for calendar year 2018, may be used by the Company in various presentations to investors, including an operational update call to be held by the Company on February 14, 2019. A copy of the investor presentation is being furnished as Exhibit 99.1 to this Current Report on Form 8-K.
Item 7.01. Financial Statements and Exhibits.
NCI BUILDING SYSTEMS INC Exhibit
EX-99.1 2 ncs20190214exh991.htm EXHIBIT 99.1 ncs20190214exh991 Our Mission & Vision Operational Update February 14,…
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About NCI BUILDING SYSTEMS, INC. (NYSE:NCS)
NCI Building Systems, Inc. is a manufacturer and marketer of metal products for the non-residential construction industry. The Company operates through three segments: engineered building systems, metal components and metal coil coating. The metal coil coating segment consists of cleaning, treating, painting and slitting continuous steel coils before the steel is fabricated for use by construction and industrial users. The metal components segment products include metal roof and wall panels, doors, metal partitions, metal trim, insulated panels and other related accessories. The engineered building systems segment includes the manufacturing of main frames, Long Bay Systems, and engineering and drafting. It sells engineered building systems brand names: Metallic, Mid-West Steel, A & S, All American, Mesco, Star, Ceco, Robertson, Garco, Heritage and SteelBuilding.com. The Company operates approximately 40 manufacturing facilities in the United States, Mexico and China.