Foundation Building Materials (FBM) Tops Q2 EPS by 12c

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Go back to Foundation Building Materials (FBM) Tops Q2 EPS by 12c

Foundation Building Materials, Inc. Announces Second Quarter 2020 Results

August 3, 2020 4:26 PM EDT

2020 Second Quarter Highlights

Net sales of $486.1 million, a decrease of 13.2% compared to the prior year period Net income from continuing operations of $9.9 million, a decrease of $4.9 million, compared to the prior year period Adjusted net income(1) of $11.6 million, a decrease of $4.2 million, compared to the prior year period Adjusted EBITDA(1) of $42.3 million compared to $50.3 million in the prior year period Adjusted EBITDA margin(1) of 8.7% compared to 9.0% in the prior year period Reduced net debt leverage ratio(1) to 2.64x at June 30, 2020 from 3.29x at June 30, 2019

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