- The document discusses Ply Gem Holdings' second quarter and first half 2017 results. It provides an overview of net sales, gross profit, operating earnings, adjusted EBITDA, and end market exposure for Q2 and the first half of 2017. Key highlights include year-over-year sales growth driven by increased demand and favorable pricing in the US and Canada. Gross margins declined slightly due to higher commodity costs, which were partially offset by price increases. Adjusted EBITDA increased compared to the prior year periods.
- The document summarizes Ply Gem's first quarter 2017 results, including financial highlights and performance by business segment. Net sales increased 5.2% year-over-year to $430 million. Adjusted EBITDA increased 9.5% to $27.1 million.
- The Window and Doors segment saw a 3.0% sales increase due to higher prices and volumes. Gross margin expanded due to improved pricing, partially offset by higher costs.
- The Siding, Fencing and Stone segment had an 8.2% sales rise from increased volumes. However, gross margin declined due to higher resin and aluminum costs and product mix.
- Leverage has declined steadily since 2011 and stood at
- The document summarizes third quarter and nine month 2017 results for Ply Gem Holdings, Inc.
- In Q3 2017, net sales increased 6.5% to $564.7 million while adjusted EBITDA decreased to $77.1 million. Gross margin contracted 240 basis points to 23.4% due to higher commodity and freight costs.
- For the first nine months of 2017, net sales increased 6.2% to $1,539.4 million. Adjusted EBITDA increased slightly to $185.3 million as higher sales were offset by higher commodity and material costs.
- The document provides an overview of Ply Gem's fourth quarter and full year 2016 financial results.
- In Q4 2016, net sales increased 7.4% to $462.3 million driven by organic growth in the US. Adjusted EBITDA increased 3.8% to $44.9 million.
- For the full year 2016, net sales increased 3.9% to $1.91 billion and adjusted EBITDA increased 24.4% to a record $229 million due to execution of margin initiatives and cost discipline.
- Masco reported strong first quarter 2017 results, with top line growth driven by its North American Plumbing segment. The company achieved 22 consecutive quarters of sales and operating profit growth.
- Operating leverage led to expanded margins and earnings per share exceeded expectations. The company updated its EPS target range provided in 2015.
- Plumbing Products sales increased 8% excluding foreign exchange impacts, fueled by record sales and profits at Delta. Decorative Architectural Products saw builders' hardware growth despite difficult comparisons.
Ply Gem reported third quarter and nine month 2016 results. For Q3, sales were down slightly but gross profit margin expanded. Adjusted EBITDA increased 7.7% year-over-year, marking the tenth consecutive quarter of improvement. For the nine months, sales increased 2.9% and adjusted EBITDA grew 28.3% due to margin initiatives and cost discipline. The Windows and Doors segment saw lower sales from weather impacts and weakness in Western Canada, while gross margin declined slightly due to higher costs.
- Ply Gem Holdings, Inc. is one of the largest manufacturers of exterior building products in North America with over $1.8 billion in net sales.
- They have a multi-channel distribution network serving new construction and home repair/remodeling end markets.
- The presentation discusses Ply Gem's financial performance, acquisition strategy, industry dynamics, and product portfolio which includes vinyl siding, windows, and stone veneer.
Masco Corporation reported second quarter 2017 earnings. Total sales increased 3% year-over-year to $2.057 billion, while operating profit rose 4% to $357 million. Plumbing sales increased 3% due to growth at Delta, Hansgrohe, and Watkins. Decorative Architectural sales grew 5% from increased pro sales at Behr and builder's hardware expansion. Windows sales increased 4% excluding foreign exchange impacts. Management updated 2017 EPS guidance to $1.93 to $2.00 per share and announced plans to increase the annual dividend.
This document provides an overview of Owens Corning for investors. It discusses Owens Corning's three business segments (Insulation, Roofing, Composites), highlights their market positions and financial profiles. It presents Owens Corning's investment thesis, which includes favorable macro drivers, a portfolio improved through actions taken from 2007-2016 that lifted margins and returns, and opportunities for further organic and inorganic growth. Details on specific business units and markets are also summarized.
- The document summarizes Ply Gem's first quarter 2017 results, including financial highlights and performance by business segment. Net sales increased 5.2% year-over-year to $430 million. Adjusted EBITDA increased 9.5% to $27.1 million.
- The Window and Doors segment saw a 3.0% sales increase due to higher prices and volumes. Gross margin expanded due to improved pricing, partially offset by higher costs.
- The Siding, Fencing and Stone segment had an 8.2% sales rise from increased volumes. However, gross margin declined due to higher resin and aluminum costs and product mix.
- Leverage has declined steadily since 2011 and stood at
- The document summarizes third quarter and nine month 2017 results for Ply Gem Holdings, Inc.
- In Q3 2017, net sales increased 6.5% to $564.7 million while adjusted EBITDA decreased to $77.1 million. Gross margin contracted 240 basis points to 23.4% due to higher commodity and freight costs.
- For the first nine months of 2017, net sales increased 6.2% to $1,539.4 million. Adjusted EBITDA increased slightly to $185.3 million as higher sales were offset by higher commodity and material costs.
- The document provides an overview of Ply Gem's fourth quarter and full year 2016 financial results.
- In Q4 2016, net sales increased 7.4% to $462.3 million driven by organic growth in the US. Adjusted EBITDA increased 3.8% to $44.9 million.
- For the full year 2016, net sales increased 3.9% to $1.91 billion and adjusted EBITDA increased 24.4% to a record $229 million due to execution of margin initiatives and cost discipline.
- Masco reported strong first quarter 2017 results, with top line growth driven by its North American Plumbing segment. The company achieved 22 consecutive quarters of sales and operating profit growth.
- Operating leverage led to expanded margins and earnings per share exceeded expectations. The company updated its EPS target range provided in 2015.
- Plumbing Products sales increased 8% excluding foreign exchange impacts, fueled by record sales and profits at Delta. Decorative Architectural Products saw builders' hardware growth despite difficult comparisons.
Ply Gem reported third quarter and nine month 2016 results. For Q3, sales were down slightly but gross profit margin expanded. Adjusted EBITDA increased 7.7% year-over-year, marking the tenth consecutive quarter of improvement. For the nine months, sales increased 2.9% and adjusted EBITDA grew 28.3% due to margin initiatives and cost discipline. The Windows and Doors segment saw lower sales from weather impacts and weakness in Western Canada, while gross margin declined slightly due to higher costs.
- Ply Gem Holdings, Inc. is one of the largest manufacturers of exterior building products in North America with over $1.8 billion in net sales.
- They have a multi-channel distribution network serving new construction and home repair/remodeling end markets.
- The presentation discusses Ply Gem's financial performance, acquisition strategy, industry dynamics, and product portfolio which includes vinyl siding, windows, and stone veneer.
Masco Corporation reported second quarter 2017 earnings. Total sales increased 3% year-over-year to $2.057 billion, while operating profit rose 4% to $357 million. Plumbing sales increased 3% due to growth at Delta, Hansgrohe, and Watkins. Decorative Architectural sales grew 5% from increased pro sales at Behr and builder's hardware expansion. Windows sales increased 4% excluding foreign exchange impacts. Management updated 2017 EPS guidance to $1.93 to $2.00 per share and announced plans to increase the annual dividend.
This document provides an overview of Owens Corning for investors. It discusses Owens Corning's three business segments (Insulation, Roofing, Composites), highlights their market positions and financial profiles. It presents Owens Corning's investment thesis, which includes favorable macro drivers, a portfolio improved through actions taken from 2007-2016 that lifted margins and returns, and opportunities for further organic and inorganic growth. Details on specific business units and markets are also summarized.
This document provides an investor presentation for BMC Stock Holdings, Inc. It includes forward-looking statements about sales growth, earnings, and strategic direction. It also discusses non-GAAP financial measures used by the company for analysis. Specifically, it defines adjusted net sales, adjusted gross profit, adjusted EBITDA, adjusted EBITDA margin, adjusted net income, and adjusted net income per share. The presentation provides an overview of BMC as a leading national building solutions provider with $3.1 billion in net sales and $193.9 million in adjusted EBITDA for 2016.
1) The document provides an earnings presentation for 4Q16 and full year 2016 results for Masonite International Corporation. It highlights strong sales growth in North America and Europe, margin expansion, and progress on strategic initiatives.
2) Financial results showed net sales growth of 5.4% in 2016, Adjusted EBITDA growth of 23.7%, and Adjusted EPS growth of over 100%.
3) An outlook is provided for 2017 anticipating continued US housing market growth, sales growth of 7-9%, Adjusted EBITDA of $285-305 million, and Adjusted EPS of $4.10-$4.60.
Owens Corning provides concise summaries of its quarterly performance and outlook. The summary focused on its three businesses: Insulation, Roofing, and Composites. It discussed financial results including EBIT margins and free cash flow generation. It also outlined drivers of future growth across end markets and an acquisition that strengthens its Insulation segment.
Masco Corporation reported third quarter 2017 earnings. Total revenue increased 3% year-over-year to $1.936 billion. Operating profit increased to $296 million, up $21 million from the previous year. Earnings per share for the quarter were $0.50, up 22% year-over-year. The presentation provided financial details and highlights for each of Masco's business segments, discussed progress on strategic initiatives, and updated full-year earnings guidance.
This document provides an overview of Owens Corning for investors attending an event in August 2017. It discusses Owens Corning's three business segments: Insulation, Roofing, and Composites. It highlights how portfolio improvements over the last several years have lifted margins and returns. Free cash flow has also significantly improved. Owens Corning has a disciplined capital allocation strategy and strong cash flow outlook. The Insulation and Roofing businesses each provide details on market positions, historical performance, and growth opportunities.
Owens Corning presented information at investor events in June 2017. The presentation discussed Owens Corning's focus on shareholder value and provided an overview of the company's Q2 2017 performance. It summarized the company's three business segments and highlighted its improved portfolio, earnings, cash flow, and macroeconomic drivers. Owens Corning aims to invest in organic growth, pursue value-creating acquisitions, and return cash to shareholders.
The document is Owens Corning's presentation from November 1, 2017 focused on sharing information with investors. It discusses Owens Corning's three business segments: Insulation, Roofing, and Composites. It provides an overview of the company's financial performance in recent years, including improved earnings, margins, free cash flow, and return on capital. The presentation emphasizes Owens Corning's commitment to shareholder value and disciplined capital allocation.
Ryder held its first quarter 2017 earnings conference call on April 25, 2017. During the call, Ryder reported earnings per share of $0.71 compared to $1.05 in the first quarter of 2016. Ryder also provided a forecast for full year 2017 earnings per share of $3.90 to $4.20, lowering its previous forecast. Ryder's business segments all saw revenue growth compared to the prior year, but earnings declined due to lower used vehicle sales and weaker commercial rental performance. Ryder also updated on its used vehicle sales and provided additional financial details from the quarter.
North American residential segment net sales increased 14% to $348.2 million and adjusted EBITDA increased 19% to $55.7 million in 2Q16. The Europe segment net sales increased 7% to $82.2 million and adjusted EBITDA increased 59% to $12.8 million. Architectural segment net sales increased 2% to $77.6 million but adjusted EBITDA decreased 6% to $7.7 million. Overall, Masonite's consolidated net sales increased 8% to $514 million and adjusted EBITDA increased 16% to $68.5 million in 2Q16.
Owens Corning presented information on its Q2 2017 performance focused on shareholder value. It operates three strong businesses: Insulation, Roofing, and Composites. The presentation discussed OC's investment thesis of having market leading businesses, improved portfolio performance and earnings, and attractive macroeconomic drivers. It also provided an overview of each business segment and their financial profiles.
Mas q4 2016 earnings presentation 02.09.2017 Masco_Investors
- The document is Masco's Q4 and full year 2016 earnings presentation. It summarizes the company's financial results and performance across its business segments for the quarter and full year.
- For Q4 2016, total company sales increased 3% while operating profit was $221 million, up slightly from the prior year. Plumbing Products sales increased 5% and operating profit grew significantly.
- For the full year 2016, total sales increased 3% to $7.36 billion while adjusted operating profit rose 27% to $1.075 billion, driven by growth across all segments.
This document provides an investor presentation for Masonite International Corporation. It includes the following key points:
1) Masonite is a leading building products company in North America and Europe with $1.9 billion in net sales in 2015. It has leadership positions in residential molded doors, steel doors, and architectural doors.
2) Masonite has diversified end markets including residential new construction, residential repair and remodeling, and commercial construction. Its segments are North American Residential, Europe, and Architectural.
3) Masonite has transformed through strategic phases from surviving the housing downturn to strengthening its portfolio and accelerating performance. It faces significant barriers to entry in doors.
- Masco reported strong results for the first quarter of 2016, with total sales increasing 4% year-over-year to $1.72 billion.
- All of Masco's business segments experienced sales growth in the quarter, with Plumbing Products sales up 2% and Decorative Architectural Products sales increasing 9%.
- Increased operating leverage and cost productivity led to a significant expansion in operating margins across most business segments compared to the prior year. Adjusted earnings per share increased 78% to $0.32.
Masco Corporation is a leading building products company with 2013 revenues of $8.2 billion from its portfolio of plumbing, decorative architectural, cabinetry, and other specialty products. It holds the #1 market position globally in several categories including faucets, spas, DIY paints and stains, and kitchen/bath cabinets in the US. The company aims to drive growth through leveraging its strong brands, customer-focused innovation, and broad market coverage across segments, price points, and channels. It also sees opportunities to further optimize its portfolio and drive synergies across its businesses.
Masco reported its first quarter 2013 results, with continued margin expansion and sales growth driven by increased North American new home construction activity. The Cabinet segment improved profitability and achieved break-even on an adjusted basis. Weakness continued in the Eurozone. Key highlights included margin improvement across several segments from operating leverage and cost control efforts, as well as successful new product launches and market share gains. Masco is focused on strategic growth initiatives, cost productivity, and debt reduction in 2013.
- The company reported strong second quarter 2017 results, with revenue growth of 7% and adjusted EPS growth of 8%.
- Based on first half performance, the company is raising its full-year revenue and adjusted EPS guidance.
- The results were driven by robust growth in North America and China for commercial and residential HVAC products. Industrial performance was steady with continued improvements expected.
- The company continues its strategy of operational excellence to drive margin expansion, while reinvesting in the business and returning capital to shareholders through dividends and share repurchases.
Ply Gem reported second quarter and first half 2016 results. For Q2 2016, net sales increased 1.6% to $510.5 million driven by organic growth in the US offset by weaker conditions in Canada. Gross margin expanded 170 bps to 26.5% due to price increases and synergies. Adjusted EBITDA grew 22.8% to $76.9 million. For the first half, net sales increased 4.6% to $919.2 million on organic US growth. Gross margin expanded 310 bps to 24.2% from synergies and costs. Adjusted EBITDA increased $36.9 million to $101.7 million. The Windows and Doors segment reported sales
- Ply Gem reported 8.7% sales growth in Q1 2016 primarily from organic growth in the US, the Canyon Stone acquisition, and favorable price and product mix. US organic sales grew 12.4% driven by a 7.8% increase in housing starts and better winter weather.
- Gross margin expanded 520 basis points to 21.2% due to higher average selling prices, improved operating leverage from higher volume, favorable commodity costs and synergies from acquisitions.
- Adjusted EBITDA grew to $24.7 million compared to $2.3 million in Q1 2015, an increase of 973%. Ply Gem's LTM adjusted EBITDA exceeded $200 million for the first time
- Greif reported strong Q2 2017 results with net sales up 5.7% and operating profit before special items up 7.1% compared to prior year. Earnings per share increased 43% to $0.67.
- All business segments showed improvements in key metrics like customer satisfaction and operating margins. Rigid Industrial Packaging & Services margins increased despite divestitures.
- Guidance for 2017 earnings per share and free cash flow were narrowed based on first half performance. The company will provide more details on its strategic transformation at an upcoming Investor Day.
- Greif maintains a disciplined capital allocation approach focused on business investment, returning cash to shareholders, and financial flexibility.
Boston 2016 slides master slides - draft sept2 v2molsoncoorsir
This document summarizes Mark Hunter's presentation at the Barclays Global Consumer Staples Conference on September 7, 2016 as CEO of Molson Coors Brewing Company. The presentation outlines Molson Coors' strategic focus on brand-led growth, cash generation, and capital allocation. It also details how acquiring MillerCoors will double Molson Coors' size, deliver $200M in annual synergies, and over $250M in annual cash tax benefits. The acquisition enhances Molson Coors' commercial capabilities to drive top-line growth through improved insights, innovation, digital capabilities, and customer excellence.
Ply Gem reported second quarter 2015 results with net sales increasing 22.8% to $502.3 million due to acquisitions of Simonton and Canyon Stone. Gross margin expanded 340 basis points to 24.8% driven by price increases, cost savings, and favorable commodity costs. Adjusted EBITDA grew 41.4% to $62.6 million. For the third quarter, Ply Gem expects adjusted EBITDA between $71-76 million, representing continued year-over-year growth.
The document provides an agenda and overview for Ply Gem Holdings' first quarter 2015 results presentation. The presentation will review Ply Gem's financial results for Q1 2015, acquired synergies and cost savings, margin initiatives, and economic outlook. Ply Gem is a leading manufacturer of exterior building products with a comprehensive product portfolio and balanced exposure across repair/remodel and new construction end markets.
This document provides an investor presentation for BMC Stock Holdings, Inc. It includes forward-looking statements about sales growth, earnings, and strategic direction. It also discusses non-GAAP financial measures used by the company for analysis. Specifically, it defines adjusted net sales, adjusted gross profit, adjusted EBITDA, adjusted EBITDA margin, adjusted net income, and adjusted net income per share. The presentation provides an overview of BMC as a leading national building solutions provider with $3.1 billion in net sales and $193.9 million in adjusted EBITDA for 2016.
1) The document provides an earnings presentation for 4Q16 and full year 2016 results for Masonite International Corporation. It highlights strong sales growth in North America and Europe, margin expansion, and progress on strategic initiatives.
2) Financial results showed net sales growth of 5.4% in 2016, Adjusted EBITDA growth of 23.7%, and Adjusted EPS growth of over 100%.
3) An outlook is provided for 2017 anticipating continued US housing market growth, sales growth of 7-9%, Adjusted EBITDA of $285-305 million, and Adjusted EPS of $4.10-$4.60.
Owens Corning provides concise summaries of its quarterly performance and outlook. The summary focused on its three businesses: Insulation, Roofing, and Composites. It discussed financial results including EBIT margins and free cash flow generation. It also outlined drivers of future growth across end markets and an acquisition that strengthens its Insulation segment.
Masco Corporation reported third quarter 2017 earnings. Total revenue increased 3% year-over-year to $1.936 billion. Operating profit increased to $296 million, up $21 million from the previous year. Earnings per share for the quarter were $0.50, up 22% year-over-year. The presentation provided financial details and highlights for each of Masco's business segments, discussed progress on strategic initiatives, and updated full-year earnings guidance.
This document provides an overview of Owens Corning for investors attending an event in August 2017. It discusses Owens Corning's three business segments: Insulation, Roofing, and Composites. It highlights how portfolio improvements over the last several years have lifted margins and returns. Free cash flow has also significantly improved. Owens Corning has a disciplined capital allocation strategy and strong cash flow outlook. The Insulation and Roofing businesses each provide details on market positions, historical performance, and growth opportunities.
Owens Corning presented information at investor events in June 2017. The presentation discussed Owens Corning's focus on shareholder value and provided an overview of the company's Q2 2017 performance. It summarized the company's three business segments and highlighted its improved portfolio, earnings, cash flow, and macroeconomic drivers. Owens Corning aims to invest in organic growth, pursue value-creating acquisitions, and return cash to shareholders.
The document is Owens Corning's presentation from November 1, 2017 focused on sharing information with investors. It discusses Owens Corning's three business segments: Insulation, Roofing, and Composites. It provides an overview of the company's financial performance in recent years, including improved earnings, margins, free cash flow, and return on capital. The presentation emphasizes Owens Corning's commitment to shareholder value and disciplined capital allocation.
Ryder held its first quarter 2017 earnings conference call on April 25, 2017. During the call, Ryder reported earnings per share of $0.71 compared to $1.05 in the first quarter of 2016. Ryder also provided a forecast for full year 2017 earnings per share of $3.90 to $4.20, lowering its previous forecast. Ryder's business segments all saw revenue growth compared to the prior year, but earnings declined due to lower used vehicle sales and weaker commercial rental performance. Ryder also updated on its used vehicle sales and provided additional financial details from the quarter.
North American residential segment net sales increased 14% to $348.2 million and adjusted EBITDA increased 19% to $55.7 million in 2Q16. The Europe segment net sales increased 7% to $82.2 million and adjusted EBITDA increased 59% to $12.8 million. Architectural segment net sales increased 2% to $77.6 million but adjusted EBITDA decreased 6% to $7.7 million. Overall, Masonite's consolidated net sales increased 8% to $514 million and adjusted EBITDA increased 16% to $68.5 million in 2Q16.
Owens Corning presented information on its Q2 2017 performance focused on shareholder value. It operates three strong businesses: Insulation, Roofing, and Composites. The presentation discussed OC's investment thesis of having market leading businesses, improved portfolio performance and earnings, and attractive macroeconomic drivers. It also provided an overview of each business segment and their financial profiles.
Mas q4 2016 earnings presentation 02.09.2017 Masco_Investors
- The document is Masco's Q4 and full year 2016 earnings presentation. It summarizes the company's financial results and performance across its business segments for the quarter and full year.
- For Q4 2016, total company sales increased 3% while operating profit was $221 million, up slightly from the prior year. Plumbing Products sales increased 5% and operating profit grew significantly.
- For the full year 2016, total sales increased 3% to $7.36 billion while adjusted operating profit rose 27% to $1.075 billion, driven by growth across all segments.
This document provides an investor presentation for Masonite International Corporation. It includes the following key points:
1) Masonite is a leading building products company in North America and Europe with $1.9 billion in net sales in 2015. It has leadership positions in residential molded doors, steel doors, and architectural doors.
2) Masonite has diversified end markets including residential new construction, residential repair and remodeling, and commercial construction. Its segments are North American Residential, Europe, and Architectural.
3) Masonite has transformed through strategic phases from surviving the housing downturn to strengthening its portfolio and accelerating performance. It faces significant barriers to entry in doors.
- Masco reported strong results for the first quarter of 2016, with total sales increasing 4% year-over-year to $1.72 billion.
- All of Masco's business segments experienced sales growth in the quarter, with Plumbing Products sales up 2% and Decorative Architectural Products sales increasing 9%.
- Increased operating leverage and cost productivity led to a significant expansion in operating margins across most business segments compared to the prior year. Adjusted earnings per share increased 78% to $0.32.
Masco Corporation is a leading building products company with 2013 revenues of $8.2 billion from its portfolio of plumbing, decorative architectural, cabinetry, and other specialty products. It holds the #1 market position globally in several categories including faucets, spas, DIY paints and stains, and kitchen/bath cabinets in the US. The company aims to drive growth through leveraging its strong brands, customer-focused innovation, and broad market coverage across segments, price points, and channels. It also sees opportunities to further optimize its portfolio and drive synergies across its businesses.
Masco reported its first quarter 2013 results, with continued margin expansion and sales growth driven by increased North American new home construction activity. The Cabinet segment improved profitability and achieved break-even on an adjusted basis. Weakness continued in the Eurozone. Key highlights included margin improvement across several segments from operating leverage and cost control efforts, as well as successful new product launches and market share gains. Masco is focused on strategic growth initiatives, cost productivity, and debt reduction in 2013.
- The company reported strong second quarter 2017 results, with revenue growth of 7% and adjusted EPS growth of 8%.
- Based on first half performance, the company is raising its full-year revenue and adjusted EPS guidance.
- The results were driven by robust growth in North America and China for commercial and residential HVAC products. Industrial performance was steady with continued improvements expected.
- The company continues its strategy of operational excellence to drive margin expansion, while reinvesting in the business and returning capital to shareholders through dividends and share repurchases.
Ply Gem reported second quarter and first half 2016 results. For Q2 2016, net sales increased 1.6% to $510.5 million driven by organic growth in the US offset by weaker conditions in Canada. Gross margin expanded 170 bps to 26.5% due to price increases and synergies. Adjusted EBITDA grew 22.8% to $76.9 million. For the first half, net sales increased 4.6% to $919.2 million on organic US growth. Gross margin expanded 310 bps to 24.2% from synergies and costs. Adjusted EBITDA increased $36.9 million to $101.7 million. The Windows and Doors segment reported sales
- Ply Gem reported 8.7% sales growth in Q1 2016 primarily from organic growth in the US, the Canyon Stone acquisition, and favorable price and product mix. US organic sales grew 12.4% driven by a 7.8% increase in housing starts and better winter weather.
- Gross margin expanded 520 basis points to 21.2% due to higher average selling prices, improved operating leverage from higher volume, favorable commodity costs and synergies from acquisitions.
- Adjusted EBITDA grew to $24.7 million compared to $2.3 million in Q1 2015, an increase of 973%. Ply Gem's LTM adjusted EBITDA exceeded $200 million for the first time
- Greif reported strong Q2 2017 results with net sales up 5.7% and operating profit before special items up 7.1% compared to prior year. Earnings per share increased 43% to $0.67.
- All business segments showed improvements in key metrics like customer satisfaction and operating margins. Rigid Industrial Packaging & Services margins increased despite divestitures.
- Guidance for 2017 earnings per share and free cash flow were narrowed based on first half performance. The company will provide more details on its strategic transformation at an upcoming Investor Day.
- Greif maintains a disciplined capital allocation approach focused on business investment, returning cash to shareholders, and financial flexibility.
Boston 2016 slides master slides - draft sept2 v2molsoncoorsir
This document summarizes Mark Hunter's presentation at the Barclays Global Consumer Staples Conference on September 7, 2016 as CEO of Molson Coors Brewing Company. The presentation outlines Molson Coors' strategic focus on brand-led growth, cash generation, and capital allocation. It also details how acquiring MillerCoors will double Molson Coors' size, deliver $200M in annual synergies, and over $250M in annual cash tax benefits. The acquisition enhances Molson Coors' commercial capabilities to drive top-line growth through improved insights, innovation, digital capabilities, and customer excellence.
Ply Gem reported second quarter 2015 results with net sales increasing 22.8% to $502.3 million due to acquisitions of Simonton and Canyon Stone. Gross margin expanded 340 basis points to 24.8% driven by price increases, cost savings, and favorable commodity costs. Adjusted EBITDA grew 41.4% to $62.6 million. For the third quarter, Ply Gem expects adjusted EBITDA between $71-76 million, representing continued year-over-year growth.
The document provides an agenda and overview for Ply Gem Holdings' first quarter 2015 results presentation. The presentation will review Ply Gem's financial results for Q1 2015, acquired synergies and cost savings, margin initiatives, and economic outlook. Ply Gem is a leading manufacturer of exterior building products with a comprehensive product portfolio and balanced exposure across repair/remodel and new construction end markets.
Ply Gem reported fourth quarter and full year 2015 results with the following key highlights:
- Fourth quarter sales declined 4.4% to $430.5 million due to 4 fewer shipping days, while full year sales grew 17.4% to $1,839.7 million driven by acquisitions and organic growth.
- Gross margins expanded 500 basis points in the fourth quarter and 320 basis points for the full year due to price increases, cost savings, and synergies from acquisitions.
- Adjusted EBITDA grew 63.7% in the fourth quarter to $43.2 million and 49.0% for the full year to $184.6 million, driven by margin expansion and
The document is the fourth quarter and full year 2014 results presentation for Ply Gem Holdings. It discusses Ply Gem's financial results for Q4 and full year 2014, including adjusted EBITDA. It also covers acquisition synergies and cost savings, margin initiatives, and the company's economic outlook. Gary Robineau and Shawn Poe present the information and take questions at the end.
Masco reported its second quarter 2013 earnings. Sales increased 10% to $2.1 billion driven by growth in North American new home construction and retail performance. Operating margins increased 290 basis points to 9.6% due to operating leverage and cost control efforts. All business segments contributed to top and bottom line growth. Masco reiterated its commitment to expanding market leadership, reducing costs, improving underperforming businesses, and strengthening its balance sheet.
- Ply Gem reported a 21.2% increase in third quarter net sales to $530.9 million, primarily due to acquisitions of Simonton and Canyon Stone. Gross margin expanded 290 basis points to 25.4% due to price increases, favorable material and freight costs, partially offset by unfavorable foreign exchange rates.
- Adjusted EBITDA increased 38.2% to $76.6 million. Excluding acquisitions, incremental adjusted EBITDA growth was 18.5%. Both the Windows & Doors and Siding, Fencing & Stone segments saw sales growth and gross margin expansion.
Ply Gem reported second quarter 2014 results with net sales increasing 11.2% to $409.2 million compared to $368.1 million in the second quarter of 2013. Gross profit margin expanded 120 basis points to 21.4% driven by price increases and efficiency improvements, partially offset by integration costs. The windows and doors segment saw a 7.3% increase in net sales due to higher prices and improved product mix, while the siding, fencing, and stone segment increased 14.4% from the acquisition of Mitten completed in 2013.
Masco Corporation presented its second quarter 2013 earnings results. Key highlights included:
- Sales increased 10% driven by growth in North America and internationally despite challenging markets.
- Margins expanded significantly due to operating leverage from increased volume and focus on cost control.
- All business segments contributed positively to top and bottom line results.
- The company continues to execute on its strategic priorities and delivered a strong quarter.
Ply Gem Holdings, Inc. presented an investor presentation in November 2015. The presentation discussed Ply Gem's position as one of the largest manufacturers of exterior building and home improvement products in North America with over $1.8 billion in net sales. It also contained forward-looking statements about Ply Gem's financial projections, discussed its product portfolio and brands, and provided an overview of the North American housing and siding markets. The presentation showed that industry forecasts called for an increase in U.S. single-family home starts in 2015-2017 and highlighted vinyl siding as the dominant siding product in North America, comprising over 75% of the Northeast market.
Masco reported strong financial results for the fourth quarter and full year 2013. Sales grew 9% for both periods driven by new product introductions and improved new home construction and remodeling activity. Adjusted operating profit increased 35% and 44% respectively, due to operating leverage and cost control. All business segments achieved sales and profit growth for the year. The company continues to strengthen its balance sheet, generating over $500 million in free cash flow for 2013 and reducing debt by $200 million. Masco delivered solid performance and expects continued growth in 2014 from innovation, market share gains, and productivity improvements.
May 2 2018 q earnings 05012018 compressed v2molsoncoorsir
Molson Coors reported lower net sales and underlying EBITDA in Q1 2018 compared to Q1 2017. The results were impacted by distributor inventory destocking in the US, overall softness in the US beer industry, and cycling a prior year tax benefit in Europe. Guidance for 2018 remains unchanged, including targets for cost savings and free cash flow. The presentation focuses on growing brands across segments, driving premiumization, and realizing further synergies and cost efficiencies.
Sysco reported first quarter 2017 earnings results. Key highlights included sales growth of 1.0% excluding Brakes and 11.2% including Brakes. Gross profit grew 5.0% excluding Brakes and 20.3% including Brakes. Operating income grew 15.3% excluding Brakes and 23.8% including Brakes. The acquisition of Brakes Group was accretive to earnings per share and Sysco expects Brakes to be high-single-digit accretive for fiscal year 2017. Sysco also discussed continued focus on key initiatives to drive growth and manage expenses.
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1. Second Quarter & First
Half 2017 Results
Gary E. Robinette
Chairman & Chief Executive Officer
Shawn K. Poe
Chief Financial Officer
2. PlyGem.com2
• Second Quarter Review & First Half Results Gary Robinette
• Financial Results by Segment Shawn Poe
• Margin and Growth Initiatives Gary Robinette
• Economic Outlook Gary Robinette
• Questions and Answers Gary Robinette & Shawn Poe
• Closing Remarks Gary Robinette
Agenda
3. PlyGem.com3
These slides and the accompanying oral discussion may contain “forward-looking statements” within the meaning of the Private Securities
Litigation Reform Act of 1995. Such statements involve known and unknown risks, uncertainties and other factors that could cause the
actual results of Ply Gem Holdings, Inc. (the “Company”) to differ materially from the results expressed or implied, including: downturns or
negative trends in the home repair and remodeling or the new construction end markets, or the U.S. and Canadian economies or the
availability of consumer credit; competition from other building products manufacturers and alternative building materials; inability to
successfully develop new products or improve existing products; changes in the costs and availability of raw materials; consolidation and
further growth of our customers; loss of, or a reduction in orders from, any of our significant customers; inclement weather conditions;
increases in union organizing activity and work stoppages at our facilities or the facilities of our suppliers; our ability to employ, train and
retain qualified personnel at a competitive cost; claims arising from the operations of our various businesses prior to our acquisitions;
product liability claims, including class action claims and warranties, relating to the products we manufacture; litigation outside of product
liability claims; loss of certain key personnel; interruptions in deliveries of raw materials or finished goods; changes in building codes and
standards could increase the cost of our products, lower the demand for our products, or otherwise adversely affect our business;
environmental costs and liabilities; manufacturing or assembly realignments; threats to, or impairments of, our intellectual property rights;
increases in transportation, freight and fuel costs; changes in foreign currency exchange and interest rates; material non-cash impairment
charges; our significant amount of indebtedness; covenants in the ABL Facility, the credit agreement governing our Senior Secured Term
Loan Facility and the indenture governing the 6.50% Senior Notes; limitations on our net operating losses and payments under the tax
receivable agreement to our stockholders; failure to successfully consummate and integrate acquisitions; actual or perceived security
vulnerabilities or cyberattacks on our networks; failure to effectively manage labor inefficiencies associated with increased production and
new employees added to the Company; failure to generate sufficient cash to service all of our indebtedness and make capital
expenditures; control by the CI Partnerships; and the risks set forth in the Company’s filings with the Securities and Exchange
Commission. Consequently such forward-looking statements should be regarded as the Company’s current plans, estimates and beliefs.
Except as required by law, the Company does not undertake and specifically declines any obligation to publicly release the results of any
revisions to these forward-looking statements that may be made to reflect any future events or circumstances after the date of such
statements or to reflect the occurrence of anticipatedor unanticipated events.
In addition, these slides and the accompanying oral discussion reference financial information determined by methods other than in
accordance with accounting principles generally accepted in the United States of America (“GAAP”), such as adjusted EBITDA. The
Company’s management uses these non-GAAP measures in its analysis of the Company’s performance. The Company believes that the
presentation of certain non-GAAP measures provides useful supplemental information that is essential to a proper understanding of the
operating results of the Company’s core business. These non-GAAP measures should not be viewed as a substitute for operating results
determined in accordance with GAAP, nor are they necessarily comparable to non-GAAP performance measures that may be presented
by other companies. A reconciliation of each non-GAAP financial measure to the most directly comparable GAAP financial measure is
provided in the appendix to the slides andis included in our press release issued onAugust 7, 2017 and postedon www.plygem.com.
Legal Disclaimer
4. PlyGem.com4
Ply Gem Overview
• Leading Manufacturer of Exterior Building Products
• Comprehensive Product Portfolio with Strong Brand Recognition
• Multi-Channel Distribution Network Servicing a Broad Customer Base
• Balanced End Market Exposure Driven by Diversified Product Mix
• Highly Efficient, Low Cost Operating Platform
• Proven Track Record of Acquisition Integration & Cost Savings
Realization
• Strong Management Team with Significant Ownership
Platform Built for Growth and Operating Leverage
Repair and
Remodel
Leverage to New
Housing Starts
New Products and
Innovation Drive
Share Gains
M&A Opportunities
US
90%
Canada
10%
Siding
47%
Windows
53%
(*) LTM July 1, 2017
(*)
(*)
5. PlyGem.com5
Second Quarter 2017 Highlights
($ in Millions) Q2 2017 Q2 2016
Net Sales
Y-O-Y Change
$544.8
6.7%
$510.5
Gross Profit
Gross Profit %
$136.9
25.1%
$135.3
26.5%
Operating Earnings
Y-O-Y Change
$66.1
6.3%
$62.2
Adj. EBITDA
As % of Net Sales
$81.1
14.9%
$76.9
15.1%
End Market Exposure – Q2 2017
New
Construction
55%
Home
Repair &
Remodel
45%
Key Highlights
• Sales increased $34.2M during the quarter. Our U.S.
businesses experienced an organic growth rate of 6.4%
which was primarily driven by increased demand for our
products within our Siding, Fencing and Stone segment
and our new construction windows and doors. Favorable
price and product mix provided a sales increase of
$13.6M within our segments. Including the impact of
$1.9M in unfavorable currency exchange rates and
favorable pricing product mix, Canadian sales increased
$4.6M during the quarter.
• Gross margin contracted 140 basis points primarily driven
by unfavorable commodity costs, mainly PVC resin and
aluminum, relative to Q2 2016 in our Siding, Fencing &
Stone segment, partially offset by higher average selling
prices in our Siding, Fencing & Stone and Windows and
Doors segments.
• Adjusted EBITDA margin decreased slightly by 20 basis
points due to unfavorable commodity and material costs
partially offset by higher average selling prices in both of
our business segments.
• Thirteenth consecutive year-over-year quarterly adjusted
EBITDA improvement. Incremental year-over-year
quarterly adjusted EBITDA growth of 5.4%.
• Q2 2017 LTM adjusted EBITDA of $235.6M.
Note: Certain amounts in this presentation have been subject to rounding adjustments. Accordingly, amounts shown as total may not be the arithmetic aggregation of the individual amounts that comprise or precede them.
6. PlyGem.com6
Second Quarter 2017 Highlights
Second Quarter Net Sales Performance Bridge ($ in Millions)
$544.8
$510.5
13.6
17.6 3.1
$400.0
$450.0
$500.0
$550.0
$600.0
2Q 2016 Net Sales Price/Mix U.S. Volume CAD Volume
& FX Impact
2Q 2017 Net Sales
Net Sales
Second Quarter Adjusted EBITDA Performance Bridge ($ in Millions)
$81.1
16.3 2.8
$76.9
13.6
7.7 2.0
$-
$20.0
$40.0
$60.0
$80.0
$100.0
$120.0
2Q 2016 Adj EBITDA Price/Mix Volume SG&A / Other Material Costs / Freight Conversion / Fixed
Costs
2Q 2017 Adj EBITDA
Adj. EBITDA
7. PlyGem.com7
First Half 2017 Highlights
($ in Millions) H1 2017 H2 2016
Net Sales
Y-O-Y Change
$974.8
6.1%
$919.2
Gross Profit
Gross Profit %
$226.4
23.2%
$222.0
24.2%
Operating Earnings
Y-O-Y Change
$77.9
8.6%
$71.8
Adj. EBITDA
As % of Net Sales
$108.2
11.1%
$101.7
11.1%
End Market Exposure – H1 2017
New
Construction
57%
Home
Repair &
Remodel
43%
Key Highlights
• Sales increase of $55.6M during the first half of 2017 was
primarily due to organic growth in our U.S. and Canadian
businesses. Our U.S. and Canadian businesses
experienced organic growth rates of 6.7% and 8.6%,
respectively, which was primarily driven by increased
demand for our products within our Siding, Fencing and
Stone segment and our new construction windows and
doors. Favorable price and product mix provided a sales
increase of $24.6M within our segments. Including the
impact of favorable currency exchange rates and
favorable price and product mix, Canadian sales during
the first half increased $6.6M. These sales drivers were
partially offset by $6.2M resulting from 1 less shipping day
in the first quarter compared to 2016 due to the
Company’s fiscal calendar.
• Gross margin contracted 100 basis points primarily driven
by unfavorable commodity costs, mainly PVC resin and
aluminum, in our Siding, Fencing & Stone segment,
partially offset by higher average selling prices in our
Siding, Fencing & Stone and Windows and Doors
segments.
• Adjusted EBITDA increased $6.5M or 6.4% due to higher
sales levels within both of our segments. Adjusted
EBITDA margin was consistent with the prior period.
8. PlyGem.com8
First Half 2017 Highlights
First Half 2017 Net Sales Performance Bridge ($ in Millions)
$974.8
6.2
$919.2
24.6
32.9
4.3
$800.0
$850.0
$900.0
$950.0
$1,000.0
H1 2016 Net Sales Price/Mix U.S. Volume CAD Volume
& FX Impact
Impact of
Shipping Days
H1 2017 Net Sales
Net Sales
First Half 2017 Adjusted EBITDA Performance Bridge ($ in Millions)
$108.2
24.4
5.3 1.7
$101.7
24.6
12.7 0.6
$-
$40.0
$80.0
$120.0
$160.0
H1 2016 Adj EBITDA Price/Mix Volume SG&A / Other Material Costs /
Freight
Conversion / Fixed
Costs
Impact of
Shipping Days
H1 2017 Adj EBITDA
Adj. EBITDA
9. PlyGem.com9
Window & Doors (W&D) Segment – Second Quarter
Second Quarter Results ($ in Millions)
$254.9 $243.5
$26.3
$22.6
Q2 2017 Q2 2016
Net Sales
U.S. Canada
$266.1
$281.2
Q2 2017 Q2 2016
U.S. 22.8% 21.9%
Canada 22.2% 19.0%
W&D Segment 22.7% 21.6%
Gross Margin %
Key Highlights
• Sales were favorable by $15.0M or 5.7% primarily driven by organic
growth of our U.S. new construction products and Canadian business
and favorable price and product mix. Our U.S. new construction
business increased $12.3M or 7.4%, which was partially offset by a
$1.0M decrease in our U.S. repair & remodeling products. Our
Canadian business increased $3.7M or 16.6% which was partially offset
by an unfavorable foreign currency exchange of $1.0M.
• Gross margin expanded by 110 basis points primarily driven by
improved pricing and product mix for our U.S. new construction
products and Canadian business, partially offset by increased
commodity costs, mainly PVC resin, aluminum and glass, increased
freight costs and a slight deterioration of gross margins in our U.S.
repair and remodel products.
• SG&A expense decreased $0.4M during the quarter. As a percent of
sales, SG&A expense decreased 90 basis points from 13.7% to 12.8% as
a result of improved leverage on the fixed component of SG&A
expense.
End Market Exposure – Q2 2017
New
constructio
n
70%
Home
repair &
remodel
30%
10. PlyGem.com10
W&D Segment Gross Margin – Second Quarter
21.6%
22.7%
1.9%
2.… 0.4%
15.0%
17.0%
19.0%
21.0%
23.0%
25.0%
2Q16
Gross Margin
Selling Price /
Product Mix
Conversion Costs
& Other
Commodity Costs /
Freight
2Q17
Gross Margin
Quarterly Gross Margin Performance • Selling price/product mix
reflect favorable product mix
and impact of selling price
increases implemented in
2017 for the U.S. and
Canada.
• Commodity costs
unfavorable due mainly to
increasing PVC resin,
aluminum and glass costs.
20.9%
15.4% 14.0% 15.4% 13.1% 13.8%
9.7% 12.9%
18.1% 19.8% 20.3%
1,046
622
445 471 431
535
618 648
715
782 812
2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2Q17 LTM
Historical Gross Margin Performance
Annual Gross Profit % U.S. SFHS - in thousands (*)
11. PlyGem.com11
Window & Doors (W&D) Segment – First Half 2017
First Half 2017 Results ($ in Millions)
$472.8
$455.4
$47.6
$43.0
H1 2017 H1 2016
Net Sales
U.S. Canada
$498.4
$520.4
H1 2017 H1 2016
U.S. 20.8% 20.0%
Canada 19.2% 15.8%
W&D Segment 20.6% 19.7%
Gross Margin %
Key Highlights
• Sales were favorable by $22.0M or 4.4% primarily driven by organic
growth of our U.S. new construction products and Canadian business,
and favorable price and product mix, partially offset by $3.6M resulting
from 1 less shipping day in the first half of 2017 compared to 2016 due
to the Company’s fiscal calendar. Our U.S. new construction business
increased $24.6M, or 7.7%, which was partially offset by a $7.2M, or
5.3%, decrease in our repair & remodeling products. Our Canadian
business increased $4.6M, or 10.7%, which was partially offset by an
unfavorable foreign currency exchange of $0.3M.
• Gross margin expanded by 90 basis points primarily driven by improved
pricing and product mix for our U.S. new construction products and
Canadian business, partially offset by increased commodity costs,
mainly PVC resin, aluminum and glass, increased freight costs, and a
deterioration of gross margins in our U.S. repair and remodel products.
• SG&A expense increased slightly, however as a percent of sales, SG&A
expense decreased 70 basis points from 15.1% to 14.4% as a result of
improved leverage on the fixed component of SG&A expense.
End Market Exposure – H1 2017
New
constructio
n
73%
Home
repair &
remodel
27%
12. PlyGem.com12
W&D Segment Gross Margin – First Half 2017
19.7%
20.6%
2.0%
2.…
15.0%
17.0%
19.0%
21.0%
23.0%
25.0%
1H16
Gross Margin
Selling Price /
Product Mix
Material Costs /
Freight
1H17
Gross Margin
First Half 2017 Gross Margin Performance
• Selling price/product mix
reflect favorable product mix
and impact of selling price
increases implemented in
2017 for the U.S. and
Canada.
• Commodity costs
unfavorable due mainly to
increasing PVC resin,
aluminum and glass costs.
13. PlyGem.com13
Siding, Fencing & Stone (SFS) Segment – Second Quarter
Second Quarter Results ($ in Millions)
$241.8 $223.4
$21.8
$21.0
Q2 2017 Q2 2016
Net Sales
U.S. Canada
$244.4
$263.6
Gross Margin %
Q2 2017 Q2 2016
U.S. 27.6% 32.6%
Canada 28.8% 26.4%
SFS Segment 27.7% 31.8%
Key Highlights
• Sales increase of $19.2M or 7.8% primarily driven by organic
unit growth of 7.0% and 2.6% in the U.S. and Canadian
businesses, respectively, and $4.3M of price and product mix,
including unfavorable foreign currency which negatively
impacted sales by $0.9M.
• Gross margin contracted by 410 basis points, primarily driven
by unfavorable commodity cost due mainly from PVC resin,
unfavorable by 9.6%, and aluminum, unfavorable by 21.0%,
partially offset by realized selling price increases.
• SG&A expense increased slightly by $0.2M during the quarter
due to increased sales, however as a percent of sales, SG&A
expense decreased 60 basis points from 9.4% to 8.8% as a
result of improved leverage on the fixed component of SG&A
expense.
End Market Exposure – Q2 2017
New
construction
39%
Home repair
& remodel
61%
14. PlyGem.com14
SFS Segment Gross Margin – Second Quarter
31.8%
27.7%3.…
1.7%
1.2
%
15.0%
20.0%
25.0%
30.0%
35.0%
2Q16
Gross Margin
Selling Price /
Product Mix
Commodity Costs /
Freight
Conversion Costs
& Other
2Q17
Gross Margin
Quarterly Gross Margin Performance
• Selling price/product mix reflects
selling price increases announced
during 1Q17 which began to be
realized during the quarter.
Additional selling price increases
announced in 2Q17.
• Commodity costs unfavorable due
mainly to increasing PVC resin,
unfavorable by 9.6%, and
aluminum costs, unfavorable by
21.0%.
20.4% 18.4% 25.9% 25.7% 24.8% 27.4% 26.8% 26.1% 28.4% 29.3% 27.6%
.5208
.6200
.5288
.6458
.6971 .6975 .7134 .7534
.7250
.7617
.8050
2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2Q17 LTM
Historical Gross Margin Performance
Annual Gross Profit % PVC Resin Price/lbs (*)
15. PlyGem.com15
Siding, Fencing & Stone (SFS) Segment – First Half 2017
First Half 2017 Results ($ in Millions)
$419.4
$387.2
$35.0
$33.6
H1 2017 H1 2016
Net Sales
U.S. Canada
$420.8
$454.4
Gross Margin %
H1 2017 H1 2016
U.S. 26.1% 30.0%
Canada 27.2% 25.6%
SFS Segment 26.2% 29.5%
Key Highlights
• Sales increase of $33.6M or 8.0% primarily driven by organic unit
growth of 7.0% and 4.6% in the U.S. and Canadian businesses,
respectively, and $5.7M of price and product mix, including the
impact of unfavorable foreign currency which negatively impacted
sales by $0.2M, partially offset by $2.6M resulting from 1 less
shipping day in the first half of 2017 compared to 2016 due to the
Company’s fiscal calendar.
• Gross margin contracted by 330 basis points, primarily driven by
unfavorable commodity costs due mainly from PVC resin,
unfavorable by 11.7%, and aluminum, unfavorable by 20.9%,
partially offset by realized selling price increases.
• SG&A expense increased $1.5M during the first half of 2017 due to
increased sales and marketing from the 8.0% sales increase,
however as a percent of sales, SG&A expense decreased 50 basis
points from 10.9% to 10.4%.
End Market Exposure – H1 2017
New
construction
40%
Home repair
& remodel
60%
16. PlyGem.com16
SFS Segment Gross Margin – First Half 2017
29.5%
26.2%
3.…
1.0%
1.0
%
15.0%
20.0%
25.0%
30.0%
35.0%
1H16
Gross Margin
Selling Price /
Product Mix
Commodity Costs /
Freight
Conversion Costs
& Other
1H17
Gross Margin
First Half 2017 Gross Margin Performance
• Selling price/product mix reflects
selling price increases announced
during 1Q17 which began to be
realized during the quarter.
Additional selling price increases
announced in 2Q17.
• Commodity costs unfavorable
due mainly to increasing PVC
resin, unfavorable by 11.7%, and
aluminum costs, unfavorable by
20.9%.
18. PlyGem.com18
Margin Enhancements & Growth Initiatives
Selling Price Increases
ü W&D Q1 2017 price increases were announced in October 2016. Selling price increases range
from 6% to 8%
ü SFS December 2016 price increases were announced in November 2016 for the U.S. siding
products due to rising material costs. Selling price increases range from 6% to 8%
ü SFS April 2017 additional price increase for all metal and metal accessory products due to
rising aluminum costs. Selling price increases range from 5% to 6%
ü SFS June 2017 additional price increase for all vinyl and injected molded products in the U.S.
due to rising PVC resin costs. Selling price increases range from 6% to 8%
Growth Initiatives
ü Cross Selling Opportunities – Continue to integrate our extensive product categories across
our legacy customer base and acquired Simonton customer base
ü Expand market penetration of Ply Gem’s adjacent products such as PVC trim, engineered
roofing and engineered stone
ü Continued new product innovation through the Ply Gem Insight Center and Foundation Labs
19. PlyGem.com19
Economic Outlook & Guidance
Expect Continued Steady Growth in U.S. Housing Starts
ü Expect a 2017 U.S. housing recovery growth of 5% to 10% in our markets
ü Expect an overall moderate growth rate for big ticket R&R spend of approximately 3% in
2017
ü Overall Canadian housing starts expected to be relatively flat compared to 2016
2017 EBITDA Guidance
ü Based on the forecasted growth of the U.S. housing market and R&R spend, the impact
of our enacted selling price increases and other margin enhancing initiatives, we expect
our adjusted EBITDA 2017 to be in the range of $250M to $255M and our Q3 2017
adjusted EBITDA to be in the range of $82.5M
21. PlyGem.com21
Second Quarter Adjusted EBITDA Reconciliation
(amounts in thousands)
For the three
months ended
July 1, 2017
For the three
months ended
July 2, 2016
Net income $29,859 $41,646
Interest expense, net 17,380 18,525
Provision for income taxes 19,477 2,025
Depreciation and amortization 13,102 14,313
EBITDA $79,818 $76,509
Non cash gain on foreign currency transactions (617) (255)
Customer inventory buybacks 632 596
Restructuring/integrationexpense 455 (156)
Litigation – class action charges, net 825 -
Tax receivable agreement liability adjustment - 241
Adjusted EBITDA $81,113 $76,935
22. PlyGem.com22
Second Quarter EBITDA Adjustments By Segment (*)
(amounts in thousands)
For the three months ended
July 1, 2017
For the three months ended
July 2, 2016
SFS
Segment
W&D
Segment
Total
SFS
Segment
W&D
Segment
Total
Non cash gain on foreign currency
transactions
($224) ($393) ($617) ($129) ($126) ($255)
Customer inventory buybacks 632 - 632 596 - 596
Restructuring/integrationexpense 295 - 295 48 (204) (156)
Litigation – class action charges, net - 17 17 - - -
$703 ($376) $327 $515 ($330) $185
(*) Does not reflect unallocated and corporate EBITDA adjustments
23. PlyGem.com23
Six Months Adjusted EBITDA Reconciliation
(amounts in thousands)
For the six months
ended July 1, 2017
For the six months
ended July 2, 2016
Net income $26,222 $14,069
Interest expense, net 34,252 37,207
Provision for income taxes 18,223 531
Depreciation and amortization 26,555 28,343
EBITDA $105,252 $80,150
Non cash gain on foreign currency transactions (772) (839)
Customer inventory buybacks 1,198 1,067
Restructuring/integrationexpense 1,412 497
Litigation – class action charges, net 1,113 -
Tax receivable agreement liability adjustment - 18,391
Loss on modification or extinguishment of debt - 2,399
Adjusted EBITDA $108,203 $101,665
24. PlyGem.com24
Six Months EBITDA Adjustments By Segment (*)
(amounts in thousands)
For the six months ended
July 1, 2017
For the six months ended
July 2, 2016
SFS
Segment
W&D
Segment
Total
SFS
Segment
W&D
Segment
Total
Non cash gain on foreign currency
transactions
($243) ($529) ($772) ($203) ($636) ($839)
Customer inventory buybacks 1,198 - 1,198 1,080 (13) 1,067
Restructuring/integrationexpense 348 - 348 179 318 497
Litigation – class action charges, net - 40 40 - - -
$1,303 ($489) $814 $1,056 ($331) $725
(*) Does not reflect unallocated and corporate EBITDA adjustments