A director at Foundation Building Materials Inc bought 10,000 shares at 9.881USD and the significance rating of the trade was 65/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the las...
Fourth time's a charm? Global equities (ACWI) and the equal-weighted S&P 500 are attempting to break out for the fourth time this year from what has seemed like a never-ending horizontal consolidation period. At some point this consolidation will come to an end, however the weight of the evidence is not yet telling us “this time is different.†Despite some recent encouraging and positive developments from areas such as retail (XRT), EM (EEM), and European Banks (EUFN), we remain in wait-and...
TUSTIN, Calif.--(BUSINESS WIRE)-- Foundation Building Materials, Inc. (“FBM” or the “Company”) (NYSE:FBM), one of the largest specialty distributors of wallboard, suspended ceiling systems and mechanical insulation in North America, announced today the pricing of its proposed $450 million term loan. The term loan was priced with a spread of LIBOR plus 325 basis points and was issued at an original issue discount of 99.75. The term loan, along with drawings under the Company’s ABL revolver, will be used to redeem FBM’s existing 8.25% s...
TUSTIN, Calif.--(BUSINESS WIRE)-- Foundation Building Materials, Inc. (NYSE:FBM), one of the largest specialty building product distributors of wallboard, suspended ceiling systems and mechanical insulation in North America, today reported first quarter 2018 financial results. “We recorded a solid quarter of operational and financial performance, highlighted by year-over-year net sales growth of 12%, and base business growth of 5%, with good performance from both our Specialty Building Products and Mechanical Insulation busin...
TUSTIN, Calif.--(BUSINESS WIRE)-- Foundation Building Materials, Inc. (“FBM” or the “Company”) (NYSE: FBM), one of the largest specialty distributors of wallboard, suspended ceiling systems and mechanical insulation in North America, announced today that the Company will release its first quarter 2018 results before the market opens on Wednesday, May 9, 2018. The Company will host a conference call with investors to discuss the results at 9:00 AM Eastern Time the same day. The call can be accessed three ways: ...
TUSTIN, Calif.--(BUSINESS WIRE)-- Foundation Building Materials, Inc. (“FBM” or the “Company”) (NYSE: FBM), a leading specialty distributor of wallboard, suspended ceiling systems, and mechanical insulation throughout the U.S. and Canada, today announced the election of two new members to its Board of Directors, effective immediately. Both Rafael Colorado and Chad Lewis will join the Company’s Board of Directors effective immediately and will serve as Class I and Class II directors, respectively. Mr. Colorado is a Director wi...
TUSTIN, Calif.--(BUSINESS WIRE)-- Foundation Building Materials, Inc. (“FBM” or the “Company” ) (NYSE:FBM), a leading specialty distributor of wallboard, suspended ceiling systems, and mechanical insulation throughout the U.S. and Canada, announced today that Ruben Mendoza, President and Chief Executive Officer, and John Gorey, Chief Financial Officer, will be participating in the Raymond James 39th Annual Institutional Investors Conference at JW Marriott Orlando, Grande Lakes in Orlando, Florida on Wednesday, March 7, 2018. The Compa...
TUSTIN, Calif.--(BUSINESS WIRE)-- Foundation Building Materials, Inc. (NYSE:FBM), one of the largest specialty building product distributors of wallboard, suspended ceiling systems and mechanical insulation in North America, today reported fourth quarter and full year 2017 financial results. “2017 was a milestone year for Foundation Building Materials as we completed our first year as a publicly traded company, posted record financial results, and significantly expanded our geographic footprint in the markets we serve,” said ...
TUSTIN, Calif.--(BUSINESS WIRE)-- Foundation Building Materials, Inc. (“FBM” or the “Company”) (NYSE:FBM), one of the largest specialty distributors of wallboard, suspended ceiling systems and mechanical insulation in North America, announced today that it has completed the acquisitions of two specialty building product distributors in the Midwest to enhance its growth strategy and expand its product offerings. The terms of the transactions were not disclosed. For over 30 years, R M Supply, Inc. (“R M Supply”) has be...
TUSTIN, Calif.--(BUSINESS WIRE)-- Foundation Building Materials, Inc. (FBM or the “Company”) (NYSE:FBM), one of the largest specialty distributors of wallboard, suspended ceiling systems and mechanical insulation in North America, announced today that the Company will release its fourth quarter and full-year 2017 results before the market opens on Tuesday, February 27, 2018 and host a conference call with investors at 9:00 AM Eastern Time the same day. The call can be accessed three ways: At the FBM w...
TUSTIN, Calif.--(BUSINESS WIRE)-- Foundation Building Materials, Inc. (NYSE: FBM), one of the largest specialty distributors of wallboard, suspended ceiling systems and mechanical insulation in North America, today is providing preliminary estimates regarding its Tax Receivable Agreement (the “TRA”) with its controlling shareholder due to the passage of recent tax legislation. On December 22, 2017, President Trump signed the Tax Cut and Jobs Act of 2017 (the “Act”). The Act reduced the maximum federal corporate income tax rat...
TUSTIN, Calif.--(BUSINESS WIRE)-- Foundation Building Materials, Inc. (NYSE:FBM), the largest specialty distributor of suspended ceiling systems in the United States and Canada and the second largest specialty distributor of wallboard in the United States and Canada, today reported third quarter 2017 financial results. “We recorded a solid quarter of operational and financial performance, highlighted by year-over-year net sales growth of 28.8%, net income of $1.4 million and adjusted EBITDA(1) of $40.3 million,” said Ruben Me...
TUSTIN, Calif.--(BUSINESS WIRE)-- Foundation Building Materials, Inc. (NYSE:FBM), one of the largest specialty distributors of wallboard, suspended ceiling systems and mechanical insulation in North America, announced today that Ruben Mendoza, President and Chief Executive Officer and John Gorey, Chief Financial Officer, will be participating in the Baird 2017 Global Industrial Conference at the Four Seasons Hotel in Chicago, Illinois on November 9, 2017. The company is scheduled to speak at 10:30 a.m. (CT) / 11:30 (ET). The webcast w...
TUSTIN, Calif.--(BUSINESS WIRE)-- Foundation Building Materials, Inc. (“FBM” or the “Company”) (NYSE: FBM), one of the largest specialty distributors of wallboard, suspended ceiling systems and mechanical insulation in North America, announced today that it has completed the acquisitions of two specialty building product distributors in Texas and Ontario, Canada to facilitate its growth strategy and expand its product offerings. The terms of the transactions were not disclosed. MCS Door & Hardware (“MCS”) is an indep...
TUSTIN, Calif.--(BUSINESS WIRE)-- Foundation Building Materials, Inc. (NYSE: FBM), one of the largest specialty distributors of wallboard, suspended ceiling systems and mechanical insulation in North America, today is providing preliminary information regarding its net sales for the third quarter and projected net sales for the full fiscal year. These amounts reflect the impacts of Hurricanes Harvey and Irma as well as the Company’s recent market performance. During the third quarter, the unprecedented occurrence of two ...
TUSTIN, Calif.--(BUSINESS WIRE)-- Foundation Building Materials, Inc. (NYSE:FBM), one of the largest specialty distributors of wallboard, suspended ceiling systems and mechanical insulation in North America, today announced the recent launch of the Company’s new, customer-focused mobile application (“FBM App”). The FBM App is designed with construction professionals in mind and helps them to eliminate the costly guesswork and follow-up often associated with building materials delivery. With the push of a button, FBM App users can view...
TUSTIN, Calif.--(BUSINESS WIRE)-- Foundation Building Materials, Inc. (NYSE:FBM), a leading specialty distributor of wallboard, suspended ceiling systems, and mechanical insulation throughout the U.S. and Canada, announced today that Ruben Mendoza, President and Chief Executive Officer and John Gorey, Chief Financial Officer, will be participating in the 2017 RBC Capital Markets Global Industrials Conference at the Mandarin Oriental Hotel in Las Vegas, Nevada on September 14, 2017. The company is scheduled to speak at 12:15 p.m. (PDT)...
TUSTIN, Calif.--(BUSINESS WIRE)-- Foundation Building Materials, Inc. (NYSE:FBM), a specialty distributor of wallboard, suspended ceiling systems, and mechanical insulation throughout the U.S. and Canada, today announced the appointment of John Moten as Vice President, Investor Relations. In this role, Mr. Moten will oversee the development and management of the Investor Relations department for Foundation Building Materials including communications with shareholders and sell-side analysts. Mr. Moten brings more than 30 years...
TUSTIN, Calif.--(BUSINESS WIRE)-- Foundation Building Materials, Inc. (NYSE: FBM), the largest specialty distributor of suspended ceiling systems in the United States and Canada and the second largest specialty distributor of wallboard in the United States and Canada, today reported second quarter 2017 financial results. "We recorded another quarter of strong operational and financial performance, highlighted by year-over-year net sales growth of 96%, net income of $1.3 million and adjusted EBITDA of $40.3 million," said Ruben ...
TUSTIN, Calif.--(BUSINESS WIRE)-- Foundation Building Materials, Inc. (“FBM” or the “Company”) (NYSE: FBM), one of the largest specialty distributors of wallboard, suspended ceiling systems and mechanical insulation in North America, announced today that it has completed the acquisition of substantially all of the operating assets of American Wal-Board, LLC and related entities (“American Wal-Board”). Financial terms of the transaction were not disclosed. Founded in 1995, American Wal-Board is an independent distributor of ...
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