Foundation Building Materials (FBM) Reports In-Line Q3 EPS, Revenues In-Line with Estimates

Foundation Building Materials (NYSE: FBM) reported Q3 EPS of $0.08, in-line with the analyst estimate of $0.08. Revenue for the quarter came in at $535.4 million versus the consensus estimate of $535.42 million.

2017 Third Quarter Highlights

• Record net sales of $535.4 million, an increase of 28.8% compared to the prior year period
• Earnings per share of $0.03 and Adjusted earnings per share(1) of $0.08
• Net income of $1.4 million, compared to a net loss of $15.3 million in the prior year period
• Adjusted EBITDA(1) of $40.3 million and Adjusted EBITDA margin(1) of 7.5%
• Completed three acquisitions in the quarter

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

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