Cary, North Carolina — Cornerstone Building Brands, formerly NCI Building Systems, generated $1.3 bn sales in the third quarter of 2019. This is higher by 134% than the same period in 2018.
Operating Income across the business rose 75% and hit $96m the third quarter of 2019.
Sales and income grew because of business purchases which added about $830m to the top line.
The company produces insulated metal panels and this business is located in the company's Commercial Segment. Insulated metal panel sales rose by 3% between the third quarter of 2018 and 2019. They were $109.3m in the third quarter of 2019. This compares with $106.6m the third quarter 2018.
The company does not break out operating income at this level.
Across the Commercial Segment as a whole, sales shrank by 15.2%% between the third quarter 2018 and 2019. They reached $464.9m the third quarter of 2019. This compares with $549m in the third quarter of 2018.
But, Operating Income in the Commercial Segment shrank by 15%. It was $59.3m the third quarter 2019. This compares with $79.96m in the third quarter of 2018.
