Ply Gem Holdings reported second-quarter earnings Monday that beat Wall Street estimates on profitability.
The Cary company reported earnings per share of 49 cents compared with 14 cents per share during the same period last year. That handily beat the 34 cents forecast by analysts, according to Bloomberg.
Ply Gem’s net sales totaled $502.3 million, a 22 percent increase over the second quarter of 2014. Sales were below the $529 million analysts had predicted.
Ply Gem produces vinyl siding, windows and doors and other products for home exteriors.
Never miss a local story.
Gary Robinette, Ply Gem’s CEO, said in a statement sales rebounded nicely in the second quarter after extreme winter weather caused the building season to get off to a slow start in the first quarter.
“While we anticipate the housing market to continue experiencing near-term choppiness, we remain encouraged by the macro-economic trends that support the long-term recovery of the housing industry and Ply Gem is well position to participate in the recovery,” he said.
The company continued to benefit from its acquisition of Simonton Windows last year. Excluding the Simonton acquisition, net sales increased 1.6 percent in the second quarter.
Ply Gem shares rose 4.5 percent Monday to close at $14.02