Continental Building Q4 Profit Tops Estimates, Sales Misses

(RTTNews) - Continental Building Products Inc (CBPX) on Monday reported fourth-quarter net earnings of $10.4 million or $0.24 per share compared with $6.7 million or $0.21 per share last year.

Revenues for the quarter were $120.8 million compared with $114.4 million in the prior year.

Analysts polled by Thomson Reuters estimated earnings of $0.21 per share on revenues of $123.4 million for the quarter. Analysts' estimates typically exclude special items.

"As we move into 2015, we believe that the construction markets will continue to recover and steadily improve. Amid that backdrop, we believe our business is well positioned to continue building on our progress by optimizing our revenues and exercising strict cost controls to deliver improved returns and cash flows," said CEO Jay Bachmann.

Continental Building Products manufactures a range of gypsum wallboard and complementary finishing products.