Continental Building Products (CBPX) Reports In-Line Q4 EPS
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Continental Building Products Reports Fourth Quarter and Full Year 2018 Results
February 21, 2019 4:05 PM ESTHERNDON, Va.--(BUSINESS WIRE)-- Continental Building Products, Inc. (NYSE: CBPX) (the "Company"), a leading manufacturer of gypsum wallboard and complementary finishing products, announced today results for the fourth quarter and year ended December31, 2018.
Highlights of Fourth Quarter 2018 as Compared to Fourth Quarter 2017
Net sales increased 7.1% to $140.8million on flat wallboard sales volumes Net income decreased 16.9% to $20.1million due to prior year favorable tax adjustments Adjusted net income1 increased 32.5% to $20.4million from $15.4million Earnings per share decreased 12.5% to $0.56; Adjusted earnings per share1 increased 36.6% to $0.56... More