Continental Building Products (CBPX) Tops Q3 EPS by 4c

Continental Building Products (NYSE: CBPX) reported Q3 EPS of $0.51, $0.04 better than the analyst estimate of $0.47. Revenue for the quarter came in at $131.2 million versus the consensus estimate of $125.57 million.

FY18 GUIDANCE:

• SG&A is expected to be in the range of $39 - $40 million.
• Cost of goods sold inflation per unit compared to the prior year is expected to be in the range of 3.5% - 4% which is at the higher end of the previous range of 3% - 4%. We expect to partly offset this inflation by approximately $5 million of savings from high return capital projects.
• Total capital expenditures are expected to be in the range of $28 - $31 million
  • Maintenance capital spending is expected to be in the range of $14 - $15 million
  • High-return capital spending is expected to be in the range of $14 - $16 million
• Depreciation and amortization is expected to be in the range of $44 - $45 million which is at the higher end of the previous range of $43 - $45 million
• Effective tax rate is expected to be in the range of 21% - 22%

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

You May Also Be Interested In

• Outlook Therapeutics (OTLK) Misses Q3 EPS by 9c
• Tenon Medical (TNON) Misses Q2 EPS by 395c
• Neumora Therapeutics, Inc. (NMRA) Tops Q2 EPS by 4c