Ply Gem reports that its total net sales for the third quarter of 2016 increased 2.9 percent to $1.5 billion. Adjusted earnings per share was 75 cents for the third quarter of 2016 compared to 60 cents for the third quarter of 2015.

“I am pleased by the solid operating and free cash flow performance of the company during the third quarter,” said Gary E. Robinette, Ply Gem’s chair and CEO. “Both segments continued to make substantial contributions to adjusted EBITDA and allowed us to deliver the tenth consecutive quarterly year-over-year growth of adjusted EBITDA. Our third quarter overall sales were somewhat dampened due to a soft-patch of demand for external building products in July and August partially related to the pull forward effect of demand in the first half of 2016 as well as wet weather in the South-Central United States, however, the fundamental demand drivers of our end markets remain robust as the U.S. housing market continues to recover. ”

Net sales were $530.4 million compared to $530.9 million for the third quarter of 2015. The modest decrease in net sales for the three months ended October 1, 2016 can be predominantly attributed to sales performance in Canada, where net sales fell $4.4 million or 7.1 percent.

Net sales for doors and windows totaled $271.5 million, down $4.3 million, or 1.6 percent, compared to $275.8 million in the third quarter of 2015. The net sales decrease can be predominantly attributed to Canada, where sales fell 11.6 percent. Market demand in Canada has been negatively affected by declining energy prices, particularly in Western Canada, where housing starts have significantly declined.

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