Foundation Building Materials (FBM) Tops Q3 EPS by 2c, Offers FY18 and FY19 Guidance
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Foundation Building Materials Announces Third Quarter 2018 Results and Provides Full Year 2018 and 2019 Guidance
November 1, 2018 6:30 AM EDT2018 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