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At NCI, we are committed to excellence in our products, business practices and in our people. Our distinguished record includes smart financial planning; organic growth, through plant expansions and product development; as well as, strategic accretive acquisitions that help us further increase market share. Historically, this strategy has proven to be successful, allowing us to strengthen our position in the marketplace while benefitting both our shareholders and our customers. We will remain steadfast with this seemingly simple plan. And, as market demands change and new business prospects reveal themselves, we will pursue additional opportunities.
In 2003, we launched a five-year growth strategy with the intent to double our EBITDA. To achieve this goal, we identified several key objectives: acquire a major metal building manufacturer; develop or purchase an e-commerce presence; make opportunistic acquisitions in the metal components division; add to our metal coil coating capacity, which would allow us to satisfy our additional internal demand; and, improve key competencies required to compete in the future. We successfully implemented each task, which not only allowed us to meet our goal, but to exceed it. Moreover, we accomplished it in three years, not five.
Building on our accomplishment, NCI’s Executive Leadership team collaborated to develop and launch a new five-year strategy in 2008. They discussed, reviewed and assessed numerous ideas. They evaluated different scenarios that consider the fluctuation of important drivers like market demand and cost of steel. As before, the plan addresses corporate-wide initiatives and division-specific objectives that, when implemented, have the potential to double our EBITDA within five years.
As we execute our strategy, we will capitalize on the power of the internet and enhance internal alignment through investments in technology, leading to better customer service and greater efficiencies. We will remain cognizant of the growing demands for new products within our industry, products that reduce the environmental impact and lower energy consumption. We will vigorously explore these new opportunities while also expanding our existing line of products, many of which already exceed today’s green building standards.
Maintaining our aggressive record of growth requires continued attention and great resolve. It requires commitment, insight and discernment. As such, NCI will persistently make decisions that intend to benefit our employees, our customers, our bottom line and ultimately our shareholders.
To learn more about NCI’s successful financial record and strategy click here. |
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© 2008 NCI Building Systems, All Rights Reserved |
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