Global Gypsum
High-Tech Solutions For Gypsum Processing Have A Name - Grenzebach
Your partner in gypsum processing - Comec Gypsum Systems - Find out more
  • Home
  • News
  • Conferences
  • Magazine
  • Directory
  • Reports
  • Knowledge Base
  • Live
  • Awards
  • My details
  • Advertise
  • About
  • Privacy & Cookie Policy
  • Contact
News Continental Building Products fights slow home build market in second quarter of 2019

Continental Building Products fights slow home build market in second quarter of 2019

Written by Global Cement staff
05 August 2019
  • Print
  • Email

US: Continental Building Products says it has been confronting a ‘sluggish’ new home construction market in the second quarter of 2019. Jay Bachmann, president and chief executive officer (CEO), said that the company was expecting the market to recover in the second half of the year and its improvement programme to reduce costs. Its net sales fell by 4% year-on-year to US$246m in the first half of 2019 from US$256m in the same period in 2018. Its net income dropped by 34% to US$28.8m from US$35.5m. Its gypsum wallboard volumes fell slightly by to 123Mm2.

The wallboard producer also said that the shutdown of its Buchanan plant in New York due to mechanical failure might cause a boost operating income and earnings before interest, taxation, depreciation and amortisation (EBITDA) of up to US$2m once an insurance claim is settled. The plant was shut from January 2019 to 15 March 2019. The company increased production at its plants in Silver Grove, Kentucky and Palatka, Florida to offset a portion of the lost production from the Buchanan plant.

Last modified on 06 August 2019
Published in Global Gypsum News
Tagged under
  • US
  • Continental Building Products
  • Results
  • Plant
  • New York
  • Kentucky
  • Florida
  • shutdown
  • insurance
  • GGM43

Related items

  • Fassa Bortolo to build Euro90m gypsum wallboard plant in Castile-La Mancha
  • Etex increases sales and earnings in 2022
  • Xeriant partners with TMF Corporation for NEXBOARD recycled plastic board production
  • Science Based Targets Initiative approves USG’s 2030 emission reduction targets
  • Claudius Peters’ parent company increases sales by 40% year-on-year in 2022
Moisture measurement for all process locations - Sensortech Systems, Inc.
ACS Mixers - Let's Mix It Up
“Airscape - The new sealing standard for transfer poits in conveying systems
Global Gypsum Monthly Sign up
Global Gypsum Twitter
Global Gypsum LinkedIn
Acquisition Appointment Australia Belgium Boral Canada China coronavirus Eagle Materials Etex Export France Germany government Gypsum India Knauf Plant Recycling Results SaintGobain Spain sustainability UK Upgrade US USA USG USG Boral Wallboard
« March 2023 »
Mon Tue Wed Thu Fri Sat Sun
    1 2 3 4 5
6 7 8 9 10 11 12
13 14 15 16 17 18 19
20 21 22 23 24 25 26
27 28 29 30 31    
  • Home
  • News
  • Conferences
  • Magazine
  • Directory
  • Reports
  • Knowledge Base
  • Live
  • Awards
  • My details
  • Advertise
  • About
  • Privacy & Cookie Policy
  • Contact
  • Magazine >>
  • Latest issue
  • Articles
  • Editorial programme
  • Contributors
  • Links
  • Awards
  • Back issues
  • Subscribe
  • Register for free copies
  • The Last Word
  • Conferences >>
  • Global Ash
  • Global CemBoards
  • Global CemFuels
  • Global CemPower
  • Global CemProcess
  • Global CemProducer
  • Global Cement Quality Control
  • Global ConChems
  • Global Concrete
  • Global FutureCem
  • Global Gypsum
  • Global GypSupply
  • Global Insulation
  • Global Slag
  • Global Synthetic Gypsum
  • Global Well Cem
  • African Cement
  • American Cement
  • European Cement
  • Middle Eastern Cement
  • Websites >>
  • Global Cement
  • Global Slag
  • Cem Fuels
  • Global Concrete
  • Global Insulation
  • Pro Global Media
  • PRoIDS Online

© 2023 Pro Global Media Ltd. All rights reserved