Foundation Building Materials, Inc. announced unaudited earnings results for the three months and nine month ended September 30, 2017. For the quarter, the company reported Net Sales were $535,446,000 compared to $415,563,000 a year ago. Income before income tax was $2,610,000 compared to loss $17,314,000 a year ago. Net income was $1,399,000 compared to loss $15,345,000 a year ago. Diluted earnings per share was $0.03 compared to loss $0.51 a year ago. Income from operations was $17,644,000 against $3,295,000 a year ago. Adjusted EBITDA was $1,316,000. Adjusted net income was $3,239,000 or $0.08 per share basic and diluted

For the nine months, the company reported Net Sales were $1,544,133,000 compared to $930,315,000 a year ago. Income before income tax was $11,225,000 compared to loss $24,924,000 a year ago. Net income was $6,588,000 compared to loss $19,566,000 a year ago. Diluted earnings per share was $0.16 compared to loss $0.65 a year ago. Net cash provided by operating activities was $32,555,000 compared to $7,922,000 a year ago. Purchases of property and equipment were $26,268,000 compared to $22,780,000 a year ago. Income from operations was $43,000,000 against $12,185,000 a year ago.

For the year 2017, the company expecting the gross margins in fourth quarter trends with that year-to-date number around 28.7%.

For the year 2018, the company still expects a 50 basis point improvement to EBITDA margin, and that will be contributed both from the gross profit improvement and well as operational efficiencies.