Foundation Building Materials News

Effective July 2, 2018 Foundation Building Materials is announcing a 10% wallboard price increase. This increase is reflective of the wallboard manufacturers increase announcements. Increased DOT regulations have severely impacted the trucking industry. A nationwide shortage of drivers has caused a significant increase in freight costs. Foundation Building Materials is announcing a 1.5% freight surcharge also effective July 2, 2018. Thank you for your continued business and support. Sincerely, Kirby Thompson Sr. V.P. Sales and Marketing...

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At the end of May, FBM Leaders, Sales Teams and Vendor Partners gathered in Dallas, Texas to convene at the annual FBM Sales University.  The highly anticipated event was attended by over 220 FBM Salespeople and 50 vendor partners. Together both groups engaged in 22 unique classroom-style training sessions where any FBM Team Member in attendance could indulge in up to 18 hours of individual, product-solution focused educational time. In addition to the educational program, FBM Leaders including Ruben Mendoza...

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2018 First Quarter Highlights • Net sales of $536.3 million, an increase of 11.9% compared to the prior year period • Base business net sales of $485.2 million, an increase of 4.9% compared to the prior year period • Net loss of $1.1 million compared to net income of $3.9 million in the prior year period • Adjusted EBITDA(1) of $35.0 million • Completed two acquisitions in the quarter Tustin, CA, May 9, 2018 (Business Wire) - Foundation Building Materials, Inc....

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Foundation Building Materials, Inc. (FBM) recently announced the opening of a new location in Las Vegas, Nevada. This sizeable facility will provide industry leading building materials and delivery/stocking services to commercial and residential contractors in the greater Las Vegas market. FBM Las Vegas is comprised of a 50,000 ft2 warehouse with a showroom, operations and sales offices, the facility also has a two-acre yard. An experienced Branch Manager is leading a qualified team of operations and sales staff already...

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Date: March 12, 2018 Sales Bulletin: 2018-10DDC Geographic Coverage: US – Commercial Distributors and Contractors LANCASTER, PA – Armstrong Ceiling Solutions today announced the following actions: Effective April 16, 2018, an 11% increase on the list price for all suspension systems Effective April 16, 2018, a 7% increase on the list price for all Axiom products Effective immediately, a 7% increase to all currently effective price exceptions for suspension systems Effective immediately, a managed inventory program designed to ensure continued service levels throughout all regions, with...

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The Current US domestic steel market is approximately 115 million metric tons. Traditionally, the average share of steel imports comprised 20- 22% of US domestic market steel supply. Starting in 2014, the share of imported steel supply rose to average 26-28% of US domestic market share. China was the biggest player through 2016, but due to tariffs implemented that year, currently supplies only 2% of the US market. In 2017, Canada (16%) and Brazil (13%) were the biggest suppliers...

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TUSTIN, Calif.--(BUSINESS WIRE)-- Foundation Building Materials, Inc. (“FBM” or the “Company” ) (NYSE:FBM), a leading specialty distributor of wallboard, suspended ceiling systems, and mechanical insulation throughout the U.S. and Canada, announced today that Ruben Mendoza, President and Chief Executive Officer, and John Gorey, Chief Financial Officer, will be participating in the Raymond James 39th Annual Institutional Investors Conference at JW Marriott Orlando, Grande Lakes in Orlando, Florida on Wednesday, March 7, 2018. The Company is scheduled to speak at 9:10 a.m. (PDT)/12:10 p.m. (EDT). The...

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Foundation Building Materials, one of the largest specialty distributors of wallboard, suspended ceiling systems and mechanical insulation in North America, announced today that it has completed the acquisitions of two specialty building product distributors in the Midwest to enhance its growth strategy and expand its product offerings. The terms of the transactions were not disclosed. For over 30 years, R M Supply, Inc. (“R M Supply”) has been an independent distributor of wallboard, steel framing, insulation, and wallboard accessories. R...

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In continuing our effort to eliminate costly guesswork and follow up associated with building materials delivery, FBM Customers equipped with the app can now see the location of their truck, on a map, with real-time, GPS satellite coordinate updates. This provides our customers with timely location information specific to their building products shipments while allowing them to be more efficient in how they deploy their own valuable resources. Visit this page for more information. For Apple iOS iPhone and...

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We are pleased to announce that as of November 1, 2017, FBM has acquired Del-Pro Building Supplies, Inc., located in Whitby, Ontario. Del-Pro Building Supplies has been servicing the Ontario Canada market with quality building products such as drywall, steel studs, insulation, tools and fasteners since 2012. Founders, Mark Ralston and Dylan Riendeau have a combined experience of over 45 years in the building materials industry and we are excited that both are staying on with FBM. It was their...

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