Continental Building Products says it has been confronting a’sluggish’new home construction market in the second quarter of 2019.Jay Bachmann,president and CEO,said that the company expects the market to recover in the second half of the year and its improvement programme to reduce costs.Its net sales fell by 4% year-on-year to US$246m in the first half of 2019 from US$256m in the same period in 2018.Its net income dropped by 34% to US$28.8m from US$35.5m.Its gypsum wallboard volumes fell slightly to 123Mm~2.
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