MetroGlass first-half profit meets reduced guidance as capacity constraints squeeze earnings

Sun, 22 Nov 2015

By Paul McBeth Nov. 23 (BusinessDesk) - Metro Performance Glass, the country's biggest glass processor, reported first-half earnings in line with its reduced guidance as capacity constraints in the construction sector squeezed its margins, even as sales came in better than expected. Net profit was $11 million, or 5.9 cents per share, in the six months ended Sept. 30, the top end of the $10 million to $11 million range projected at its August annual meeting when it said it would miss the $12.1 million forecast in its prospectus last year....

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