Foundation Building Materials (FBM) Tops Q3 EPS by 2c, Offers FY18 and FY19 Guidance

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Go back to Foundation Building Materials (FBM) Tops Q3 EPS by 2c, Offers FY18 and FY19 Guidance

Foundation Building Materials Announces Third Quarter 2018 Results and Provides Full Year 2018 and 2019 Guidance

November 1, 2018 6:30 AM EDT

2018 Third Quarter Highlights

Record net sales of $542.3 million from continuing operations, an increase of 15.9% compared to the prior year period Base business net sales of $472.1 million from continuing operations, an increase of 12.5% compared to the prior year period Entered into definitive agreement to sell the Mechanical Insulation segment for $122.5 million, expected net proceeds of $116.0 million will be used to pay down debt Completed refinance of Senior Secured Notes; expected to save $12.0 million to $15.0 million per year in cash interest... More