Continental Building Products Inc. (NYSE: CBPX), Herndon, VA, manufacturer of gypsum wallboard and finishing products, reported first quarter sales of $111.5 million, an increase of 21 percent year-over-year.
Profit was $12.5 million, compared to $2 million in the prior year quarter.
“Our wallboard volumes in the first quarter increased substantially from prior year due to strong underlying demand, favorable weather speeding up completion of projects, and pre-buy activity in advance of the April 1 price increase," said CEO Jay Bachmann.
