- Continental Building Products (CBPX +9%) reports Q2 revenue growth of 15.5% Y/Y to $139.3M, due to 11.6% increase in wallboard volumes.
- Wallboard sales volumes increased to 722M square feet (+11.6% Y/Y), attributable to strong demand in the Company's markets.
- Interim volumes increased to 647M square feet (+0.5% Y/Y).
- Q2 overall margin: Gross increased 390 bps to 29.4%; Operating increased 406 bps to 21.9% & Adj, EBITDA increased 140 bps to 29.7%.
- Cash on hand of $84.4M and total outstanding borrowing of $270.2M.
- During Q2, operating cash flow improved 62.9% Y/Y to $39M & deployed $7.4M in capital investments.
- Repurchased 0.3M shares of its common stock for an aggregate purchase price of $10M.
- 2018 Outlook: SG&A of $39-40M; Capex of $29-33M as compared to the prior guidance of $30-35M; Maintenance capital spending of $14-15M; High-return capital spending of $15-18M; D&A of $43-45M & effective tax rate of 21-22%.
- Previously: Continental Building Products beats by $0.14, beats on revenue (Aug. 2)
Continental Building Products up 9% post Q2 results
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Symbol | Last Price | % Chg |
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CBPX | - | - |
Continental Building Products, Inc. |