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China Metro-Rural Holdings Limited (AMEX:CNR) – Cornerstone Building Brands To Acquire Union Corrugating Company For Undisclosed Sum


Cornerstone Building Brands To Acquire Union Corrugating Company For Undisclosed Sum

  • Cornerstone Constructing Manufacturers Inc (NYSE: CNR) agreed to accumulate Union Corrugating Firm Holdings, Inc. (UCC) to increase the steel roof providing to the residential market. The deal phrases weren’t disclosed.
  • UCC generated ~$250 million in web gross sales throughout the trailing twelve months ended August 2021. The corporate expects to report UCC outcomes by means of the Business enterprise section.
  • Primarily based in Fayetteville, North Carolina, UCC has roughly 700 staff throughout the Central and Jap U.S. areas.
  • Cornerstone Constructing Manufacturers held money and money equivalents of $679.4 million as of October 2, 2021.
  • Moreover, Cornerstone Constructing Manufacturers reported Q3 Adjusted EPS of $0.39, lacking the consensus of $0.56, and Gross sales of $1.44 billion, beating the consensus of $1.42 billion.
  • This autumn Outlook: Cornerstone Constructing Manufacturers expects web gross sales of $1.425 billion – $1.475 billion vs. consensus of $1.38 billion
  • It expects gross revenue of $310 million – $350 million and Adjusted EBITDA of $170 million – $185 million.
  • Value Motion: CNR shares are buying and selling increased by 7.83% at $15.98 on the final examine Wednesday.

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