Continental Building Products Inc. (NYSE: CBPX), Herndon, VA, manufacturer of gypsum wallboard and finishing products, reported first quarter sales of $120.6 million, an increase of 8.2 percent year-over-year.
Profit was $12.2 million, compared to $12.5 million in the prior year quarter.
"We were especially pleased by our 10% improvement in cash flow from operations," said Jay Bachmann, Continental’s president and CEO. "This increase is reflective of our highly efficient, low cost operations that helped partially blunt the impact of higher raw material costs."
