Continental Building Products Inc. (NYSE: CBPX), Herndon, VA, manufacturer of gypsum wallboard and finishing products, reported first quarter sales of $92.2 million, an increase of 6 percent year-over-year.
Profit was $2 million, compared to a loss of $8.6 million in the prior year quarter.
"We achieved significant earnings growth in the first quarter driven by our low cost structure and sharp focus on operational execution," said Jay Bachmann, CEO. "During the first quarter our volumes improved 7 percent as we experienced higher demand across all of our regions.”
Continental Building Products has also named Dennis Schemm as CFO, effective May 11. Schemm most recently served as vice president of global finance for Armstrong Flooring, a division of Armstrong Worldwide.