Foundation Building Materials, Inc. (FBM) [Rocket]

Overview

Foundation Building Materials, Inc. (FBM)

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Recent News + Filings (All items)

Date Filed	Type	Description
02/08/2021	15-12B	Form 15-12B - Securities registration termination [Section 12(b)]:
01/29/2021	25-NSE	Form 25-NSE - Notification filed by national security exchange to report the removal from listing and registration of matured, redeemed or retired securities:
01/29/2021	SC 13G/A	BlackRock Inc. reports a 9.3% stake in FOUNDATION BUILDING MATERIALS, INC.
01/29/2021	4	Mendoza Ruben (President and CEO) has filed a Form 4 on Foundation Building Materials, Inc.
01/29/2021	4	DEMIRKAYA ONUR (Chief Accounting Officer) has filed a Form 4 on Foundation Building Materials, Inc.
01/29/2021	4	Gorey John (CFO) has filed a Form 4 on Foundation Building Materials, Inc.
01/29/2021	4	Carpenter James R (VP Business Development) has filed a Form 4 on Foundation Building Materials, Inc.

Revenue Mix by Segment

Financial Summary (All financials)

In millions, except per share items	Dec-31-19	Dec-31-18	Dec-31-17	Dec-31-16	Dec-31-14
Revenues	2,154.5	2,044.3	1,790.1	1,392.5	508.9
Revenue growth	5.4%	14.2%	28.6%
Cost of goods sold	1,497.9	1,454.0	1,267.9	995.7	368.1
Gross profit	656.6	590.4	522.2	396.8	140.8
Gross margin	30.5%	28.9%	29.2%	28.5%	27.7%
Selling, general and administrative	487.9	444.5	399.9	328.8	120.1
EBITA	135.0	112.4	92.9	51.5	13.1
EBITA margin	6.3%	5.5%	5.2%	3.7%	2.6%
Amortization of intangibles	46.7	44.0	41.5	34.9	4.1
EBIT	88.3	68.4	51.5	16.6	8.9
EBIT margin	4.1%	3.3%	2.9%	1.2%	1.8%
Pre-tax income	55.0	-42.0	71.9	-43.1	-1.0
Income taxes	13.1	-5.6	-6.0	-14.7	0.8
Tax rate	23.9%	13.4%		34.2%
Earnings from continuing ops	41.8	-36.4	77.9	-28.4
Earnings from discontinued ops	-1.6	24.2	4.6
Net income	40.2	-12.2	82.5	-28.4	0.0
Net margin	1.9%	-0.6%	4.6%	-2.0%	0.0%

Diluted EPS	$0.97	($0.85)	$1.88	($0.95)
Shares outstanding (diluted)	43.3	42.9	41.5	30.0

EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.