Ply Gem reported that its net income increased 37 percent in the second quarter of 2016 to $41.6 million.

Total net sales for the second quarter increased 1.6 percent to $510.5 million. Basic and diluted earnings per share was 61 cents  for the second quarter of 2016 compared to 45 cents for the second quarter of 2015.

Total net sales for the six months ended increased 4.6 percent to $919.2 million. Operating earnings improved $40.1 million or 127 percent from the same period in 2015.

“I am very pleased by the continued strength in our operating and cash generating performance that was achieved during the second quarter,” said Gary E. Robinette, Ply Gem’s CEO. “As expected, our overall sales were somewhat dampened due to the pull-forward effect of favorable winter weather within our key market footprint during the first quarter. However, the fundamental demand drivers of our end markets remain robust as the U.S. housing market continues to recover.”

Net sales for doors and windows totaled $266.1 million, up $2.4 million, or 0.9 percent, compared to $263.8 million in the second quarter of 2015. Gross profit margin was 21.6 percent for the quarter ended July 2, 2016, increasing from 20.5 percent for the quarter ended July 4, 2015.

 

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