Foundation Building Materials (FBM) Tops Q4 EPS by 5c, Offers Guidance

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Go back to Foundation Building Materials (FBM) Tops Q4 EPS by 5c, Offers Guidance

Foundation Building Materials, Inc. Announces Fourth Quarter and Full Year 2018 Results

February 25, 2019 4:20 PM EST

2018 Fourth Quarter Highlights

Net sales of $516.2 million, an increase of 16.3% compared to the prior year period Base business net sales of $439.1 million, an increase of 10.6% compared to the prior year period Reduced net debt leverage ratio from 4.3x at September 30, 2018 to 3.6x at December 31, 2018 Net income of $1.9 million and adjusted net income(1) of $7.0 million from continuing operations; earnings per share of $0.04 and adjusted earnings per share(1) of $0.16 Adjusted EBITDA(1) of $41.2 million, an increase of 23.9% compared to the... More