Foundation Building Materials (FBM) Tops Q3 EPS by 4c, Offers FY Guidance
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Foundation Building Materials, Inc. Announces Third Quarter 2020 Results and Provides Full Year 2020 Guidance
November 2, 2020 4:31 PM EST2020 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... More
