Benzinga | Nov 2, 2020 05:06PM EST

Foundation Building: Q3 Earnings Insights

Shares of Foundation Building (NYSE:FBM) fell 5.6% in after-market trading after the company reported Q3 results.

Quarterly Results

Earnings per share were down 6.06% over the past year to $0.31, which beat the estimate of $0.27.

Revenue of $521,261,000 declined by 7.73% year over year, which missed the estimate of $533,060,000.

Outlook

Foundation Building Materials Sees FY 2020 Net Sales Between $2.01B And $2.03B, EPS Between $0.90 And $1.00

Recent Stock Performance

52-week high: $22.14

52-week low: $7.99

Price action over last quarter: Up 2.25%

Company Profile

Foundation Building Materials Inc is a specialty distributor of wallboard and suspended ceiling systems in the United States and Canada. It operates through Specialty Building Products segments. Its Specialty Building Products segment distributes wallboard and accessories, metal framing, suspended ceiling systems, and other products, including stucco and EIFS, as well as tools, safety accessories, and fasteners. This segment serves non-residential, residential, and non-residential repair and remodel construction markets. Geographically, it derives maximum revenue from the United States and also has a presence in Canada.