Continental Building reports Q2 EPS 32c, consensus 35c
Reports Q2 revenue $120.6M, consensus $128.09M. The company sees 2017 SG&A $38M-$40M. It said, "We produced another quarter of strong cash flows, repurchased more than 2% of our outstanding shares and delivered improvement in earnings per share. We grew sales during the quarter with a focus on delivering exceptional customer service and maximized our profit opportunity through strict operating discipline amidst the backdrop of a higher inflationary environment. We are excited by the progress of our high-return capital investments and our constant focus on continuous operational improvement, internally called the Bison Way. We expect these actions to help blunt the impact of higher raw material costs and generate value creation as we also deploy capital into share repurchases."