Foundation Building Materials (FBM) Misses Q4 EPS by 18c

Foundation Building Materials (NYSE: FBM) reported Q4 EPS of ($0.29), $0.18 worse than the analyst estimate of ($0.11). Revenue for the quarter came in at $462.2 million versus the consensus estimate of $466.07 million.

"We generated strong results in 2016 reflecting the execution of the growth strategy and the momentum in the business," said Ruben Mendoza, President and CEO of FBM. He continued, "We achieved record revenues for the quarter and the year, we completed five acquisitions for the year, and we improved our operational efficiencies. We anticipate another year of strong growth in 2017 given healthy market dynamics and further execution of our acquisition strategy. We remain focused on driving growth and delivering operational and financial improvement through our strategic initiatives in the years ahead."

For earnings history and earnings-related data on Foundation Building Materials (FBM) click here.

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