Company Quick10K Filing
Continental Building Products
10-Q 2019-09-30 Filed 2019-11-12
10-Q 2019-06-30 Filed 2019-08-02
10-Q 2019-03-31 Filed 2019-05-03
10-K 2018-12-31 Filed 2019-02-22
10-Q 2018-09-30 Filed 2018-11-09
10-Q 2018-06-30 Filed 2018-08-03
10-Q 2018-03-31 Filed 2018-05-04
10-K 2017-12-31 Filed 2018-02-23
10-Q 2017-09-30 Filed 2017-11-09
10-Q 2017-06-30 Filed 2017-08-04
10-Q 2017-03-31 Filed 2017-05-05
10-K 2016-12-31 Filed 2017-02-24
10-Q 2016-09-30 Filed 2016-11-08
10-Q 2016-06-30 Filed 2016-08-04
10-Q 2016-03-31 Filed 2016-05-10
10-K 2015-12-31 Filed 2016-02-23
10-Q 2015-09-30 Filed 2015-11-05
10-Q 2015-06-30 Filed 2015-08-06
10-Q 2015-03-31 Filed 2015-05-06
10-K 2014-12-31 Filed 2015-02-25
10-Q 2014-09-30 Filed 2014-11-03
10-Q 2014-06-30 Filed 2014-08-12
10-Q 2014-03-31 Filed 2014-05-13
10-K 2013-12-31 Filed 2014-03-27
8-K 2020-02-03 Leave Agreement, M&A, Off-BS Arrangement, Shareholder Rights, Control, Officers, Amend Bylaw, Exhibits
8-K 2020-01-29 Shareholder Vote, Regulation FD
8-K 2020-01-16 Other Events
8-K 2019-12-03 Officers
8-K 2019-11-12 Enter Agreement, Exhibits
8-K 2019-11-12 Earnings, Other Events, Exhibits
8-K 2019-08-01 Earnings, Exhibits
8-K 2019-05-20 Regulation FD
8-K 2019-05-02 Earnings, Exhibits
8-K 2019-05-01 Amend Bylaw, Shareholder Vote, Exhibits
8-K 2019-02-21 Earnings, Exhibits
8-K 2018-11-08 Earnings, Exhibits
8-K 2018-08-02 Earnings, Exhibits
8-K 2018-05-03 Earnings, Exhibits
8-K 2018-05-02 Shareholder Vote
8-K 2018-02-22 Earnings, Other Events, Exhibits
8-K 2018-02-21 Amend Bylaw, Exhibits

Continental Building Products Financials

CBPX Metrics, Comps, Filings

Quarterly | Annual

Business

We are a leading, high margin manufacturer of gypsum wallboard and complementary finishing products. Gypsum wallboard is a low-cost, widely used building product for interior and exterior walls and ceilings in residential and commercial structures. It is highly regarded for its ease and speed of application and its superior performance in providing comfort, fire resistance and thermal and sound insulation. The principal sources of demand for gypsum wallboard are residential construction, repair and remodel ("R&R"), and commercial construction. The commercial construction market encompasses areas such as office, retail, healthcare, hospitality and government building projects.

Our manufacturing facilities and sales efforts are concentrated in the eastern United States and eastern Canada. We estimate that in 2018 our market share in the United States east of the Mississippi River, a market which accounted for more than 55% of total U.S. wallboard demand, was approximately 18%, and our share is significantly higher in many of the major metropolitan areas within a shipping radius of 300 miles of our facilities, which include New York, Miami, Tampa, Orlando, Cincinnati, Cleveland, Columbus, Indianapolis, Nashville, Jacksonville and Hartford.

We estimate that new residential and R&R construction accounted for more than 80% of 2018 industry wallboard demand. Demand for gypsum wallboard is cyclical and closely follows construction industry cycles, particularly housing construction. For example, U.S. housing starts fell from a peak of 2.1 million in 2005 to a 50-year low of 554,000 in 2009. Correspondingly, U.S. wallboard consumption declined by more than 50% from 36.2 billion square feet, or bsf, in 2005 to a low of 17.1 bsf in 2010. Recently, the U.S. housing market has experienced moderate growth. According to the U.S. Census Bureau, U.S. housing starts reached 1.17 million in 2016 and 1.20 million in 2017. According to the February 2019 Blue Chip Economic Indicators report housing starts are estimated to be 1.26 million in 2018. This drove wallboard consumption to 24.7 bsf, 25.3 bsf and 24.9 bsf, for 2016, 2017 and 2018, respectively. We believe that there is room for continued improvement in housing starts. Housing starts have averaged 1.44 million over the past 50 years, which is approximately 14% greater than the 2018 starts of 1.26 million.


Valuation ($BB)

Market Cap, Enterprise Value

Balance Sheet ($BB)

Assets, Equity

Income Statement ($BB Quarterly)

Revenue, G Profit, Net Income

Cash Flow ($BB Quarterly)

Ops, Inv, Fin

Comps ($MM TTM) Market Cap Gross Margin EV/EBITDA Ret on Assets Assets Liabilities Revenue G Profit Net Income EBITDA EV
CRH Public (CRH) 21,017 0% 35,173 18,619 0 0 0 0 20,203
Loma Negra (LOMA) 6,407 0% 32,866 16,313 0 0 0 0 5,601
USG (USG) 6,090 18% 17.6 5% 3,842 1,923 3,336 606 196 389 6,851
James Hardie Industries (JHX) 5,799 0% 4,033 3,058 0 0 0 0 7,056
Cementos Pacasmayo Saa (CPAC) 4,145 0% 2,863 1,412 0 0 0 0 4,145
Eagle Materials (EXP) 3,814 23% 18.8 2% 2,326 1,315 1,403 317 43 251 4,732
PGT Innovations (PGTI) 991 36% 20.3 6% 922 496 760 270 51 64 1,289
Greenbrier Companies (GBX) 929 12% 2.4 4% 2,513 1,251 2,809 339 92 230 548
Continental Building Products (CBPX) 959 25% 8.9 9% 677 327 514 127 62 124 1,099
Astronics (ATRO) 954 32% 5.2 21% 778 352 574 181 164 214 1,111
Century Communities (CCS) 946 0% 7.9 3% 2,490 1,538 1,743 0 86 115 904
Hyster-Yale Materials Handling (HY) 922 16% 13.2 2% 1,838 1,296 3,295 522 32 90 1,188
US Concrete (USCR) 887 4% 12.1 1% 1,456 1,093 1,480 65 15 129 1,565
Forterra (FRTA) 476 19% 24.6 -1% 1,866 1,742 1,506 289 -17 65 1,601
Caesarstone (CSTE) 456 0% 617 150 0 0 0 0 362
Continental Materials (CUO) 28 10% -4.4 0% 92 55 123 13 0 -5 24
CPS Technologies (CPSH) 14 10% 15.1 -49,884,200% 3 16 2 0 1 13
China Ceramics (CCCL) -0% 0 0 0 0 -9
Cemex (CX) 0% 552,628 333,095 0 0 0 0 -5,071

Balance Sheet ($MM)2014-03-312014-06-302014-09-302014-12-312015-03-312015-06-302015-09-302015-12-312016-03-312016-06-302016-09-302016-12-312017-03-312017-06-302017-09-302017-12-312018-03-312018-06-302018-09-302018-12-312019-03-312019-06-302019-09-30
Cash371216191617155163552585660736484105103101111126
Accounts Receivable36404038423836433835324237313946434038444043
Inventory3837353033313227252627252727262528283232383435
PP&E396397398401401402403408409410414422426428432440447453458462468475478
Assets733722717701690678664643619616621635642629621642641652673672663660677
Accounts Payable2626302522232623212327272826263131303248353231
Long-Term Debt423399374349339329314295277263267274273272272272271270270269268267267
Liabilities454438423398382373365342322310319326325321323324323321325345325324327
Stockholders' Equity279284294303308305298301298307302309317307299318318331348328339336350
Income Statement ($MM)2014-03-312014-06-302014-09-302014-12-312015-03-312015-06-302015-09-302015-12-312016-03-312016-06-302016-09-302016-12-312017-03-312017-06-302017-09-302017-12-312018-03-312018-06-302018-09-302018-12-312019-03-312019-06-302019-09-30
Revenue92111108111117115118121121117131117139131141122124127
Cost of Revenue98941019196100
Gross Profit413740312828
R&D
SG&A89991091099910910101110910
Tax1-026737666-14976544
Net Income-9592-0413136131212112414221920161313
Cash Flow ($MM)2014-03-312014-06-302014-09-302014-12-312015-03-312015-06-302015-09-302015-12-312016-03-312016-06-302016-09-302016-12-312017-03-312017-06-302017-09-302017-12-312018-03-312018-06-302018-09-302018-12-312019-03-312019-06-302019-09-30
Cash Operating10122817363119243327143931113124
Cash Investing-1-1-1-0-3-7-6-3-7-8-7-8-7-6-6-8
Cash Financing-6-14-25-27-14-8-7-23-22-6-16-11-3-7-16-1