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News Continental Building Products’ net sales fell in the third quarter of 2015

Continental Building Products’ net sales fell in the third quarter of 2015

Written by Global Gypsum staff
06 November 2015
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US: Continental Building Products' net sales fell to US$108m in the third quarter of 2015 from US$114m in the same period of 2014. Its adjusted earnings before interest, taxes, depreciation and amortisation was flat at US$33.7m. Wallboard sales fell by 3.9% year-on-year to 590Mm2, while the average sales price fell by 0.7%, mainly due to the weaker Canadian Dollar and regional sales mix. Gross profit grew by 7.2% year-on-year to US$30m, primarily as a result of strict cost controls and favourable energy costs. Operating income fell to US$11.1m from US$20.2m in the same quarter of 2014.

Published in Global Gypsum News
Tagged under
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  • Continental Building Products

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