Continental Building Products, Inc. announced unaudited consolidated earnings results for the fourth quarter and year ended December 31, 2017. For the quarter, the company reported net sales of $131,392,000 compared to $118,217,000 a year ago. Operating income was $26,571,000 compared to $22,801,000 a year ago. Income before provision for income taxes was $23,028,000 compared to $19,470,000 for the same period a year ago. Net income was $24,236,000 or $0.64 per basic and diluted share compared to $12,591,000 or $0.31 per diluted share for the same period a year ago. EBITDA—Non-GAAP Measure was $33,791,000 compared to $33,147,000 for the same period a year ago. Adjusted net income - non- GAAP measure was $15,387,000 or $0.41 per share compared to $12,591,000 or $0.32 per share for the same period a year ago. Capital expenditures and software purchased or developed were $7,782,000 compared to $6,964,000 for the same period a year ago. EBITDA grew to $37.2 million up 10.1% compared to $33.8 million a year ago. Net sales were up 11.1% primarily due to an increase in wallboard volumes and average mill net price.

For the year, the company reported net sales of $489,163,000 compared to $461,375,000 a year ago. Operating income was $89,585,000 compared to $87,140,000 a year ago. Income before provision for income taxes was $76,414,000 compared to $66,851,000 for the same period a year ago. Net income was $59,848,000 or $1.54 per diluted share compared to $44,024,000 or $1.08 per basic and diluted share for the same period a year ago. Net cash provided by operating activities was $101,667,000 compared to $116,267,000 for the same period a year ago. Software purchased or developed was $583,000 compared to $414,000 for the same period a year ago. Capital expenditures were $21,459,000 compared to $11,733,000 for the same period a year ago. EBITDA —Non-GAAP Measure was $136,045,000 compared to $133,786,000 for the same period a year ago. Adjusted net income- non- GAAP measure was $51,454,000 or $1.13 per share compared to $47,845,000 or $1.18 per share for the same period a year ago. EBITDA grew to $136.0 million up 1.7% compared to $133.8 million a year ago. Net sales were up 6.0% primarily due to an increase in wallboard volumes and average mill net price.

The company provided earnings guidance for the year 2018. For the year, the company expected total capital expenditures are expected to be in the range of $30 million to $35 million. Maintenance capital spending is expected to be approximately $15 million. Effective tax rate is expected to be in the range of 22% to 24%. Depreciation and amortization is expected to be in the range of $43 million to $46 million.