Continental Building Products (CBPX) Tops Q1 EPS by 1c

Continental Building Products (NYSE: CBPX) reported Q1 EPS of $0.11, $0.01 better than the analyst estimate of $0.10. Revenue for the quarter came in at $92.2 million versus the consensus estimate of $94.1 million.

“We achieved significant earnings growth in the first quarter driven by our low cost structure and sharp focus on operational execution,” stated Jay Bachmann, Continental’s CEO. “We were especially pleased with our operating leverage from higher volumes and favorable energy costs that supported our gross margin expansion by 640 basis points to 22.2%. The resulting 25.0% increase in our Adjusted EBITDA provided for significant improvement in our operating cash flow which we used to further reduce our long-term debt and strengthen our balance sheet.”

Mr. Bachmann continued, “During the first quarter our volumes improved 7.0% as we experienced higher demand across all of our regions. As we look to the balance of 2015, we continue to expect improving construction activity in our markets. We plan to capitalize on our low cost structure and efficient capacity to further expand our margins and generate additional cash flow to deploy into value-enhancing opportunities beyond debt repayment as our leverage ratios improve.”

For earnings history and earnings-related data on Continental Building Products (CBPX) click here.

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