Cornerstone Building Brands (CNR) Misses Q4 EPS by 9c

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Go back to Cornerstone Building Brands (CNR) Misses Q4 EPS by 9c

Cornerstone Building Brands Announces Fourth-Quarter and Full-Year 2020 Results; Expects Strong Growth in 2021

March 3, 2021 6:19 PM EST

Delivered seventh consecutive quarter of year-over-year Adjusted EBITDA margin expansion in all segments Improved cost structure by approximately $113 million over prior year, better than expected Generated strong 2020 net operating cash flow of $308 million, a 34 percent improvement over prior year Strong financial position with liquidity of $1,317 million Reduced net debt leverage ratio to 4.9x; 0.4x better than prior year Expect strong revenue growth in 2021 from single-family housing outlook

CARY, N.C.--(BUSINESS WIRE)-- Cornerstone Building Brands, Inc. (NYSE:... More