Foundation Building Materials (FBM) Tops Q1 EPS by 10c

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Go back to Foundation Building Materials (FBM) Tops Q1 EPS by 10c

Foundation Building Materials, Inc. Announces First Quarter 2020 Results and Provides COVID-19 Business Update

May 11, 2020 4:35 PM EDT

2020 First Quarter Highlights

Net sales of $524.3 million, an increase of 1.8% compared to the prior year period; average daily net sales increased 0.2% Net income from continuing operations of $14.4 million, an increase of $9.5 million, compared to the prior year period Adjusted net income(1) of $9.7 million, an increase of $3.7 million, compared to the prior year period Adjusted EBITDA(1) of $40.3 million and adjusted EBITDA margin(1) of 7.7%, compared to adjusted EBITDA(1) of $37.5 million and adjusted EBITDA margin(1) of 7.3% in the prior year period Earnings per share ("EPS") from continuing operations of $0.33 compared to... More