Foundation Building Materials (FBM) Tops Q3 EPS by 4c, Offers FY Guidance

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Go back to Foundation Building Materials (FBM) Tops Q3 EPS by 4c, Offers FY Guidance

Foundation Building Materials, Inc. Announces Third Quarter 2020 Results and Provides Full Year 2020 Guidance

November 2, 2020 4:31 PM EST

2020 Third Quarter Highlights

Net sales of $521.3 million, a decrease of 7.7% compared to the prior year period Net income from continuing operations of $11.8 million, a decrease of $0.9 million, compared to the prior year period Adjusted net income(1) of $13.3 million, a decrease of $1.2 million, compared to the prior year period Adjusted EBITDA(1) of $41.7 million compared to $50.0 million in the prior year period Adjusted EBITDA margin(1) of 8.0% compared to 8.9% in the prior year period Reduced net debt leverage ratio(1) to 2.67x at September 30, 2020 from 3.11x at September 30, 2019

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