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Eagle Materials Inc
NYSE:EXP

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Eagle Materials Inc
NYSE:EXP
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Price: 223.28 USD -2.64% Market Closed
Market Cap: $7.2B

Eagle Materials Inc
Investor Relations

Eagle Materials Inc., a captivating entity within the industrial sector, finds its story rooted in the robust landscape of construction and infrastructure. The company began its journey as a part of Centex Corporation, spinning off in 2004 to carve its own path. This decisive split allowed Eagle Materials to hone its focus on manufacturing, marketing, and distributing critical building materials. At the heart of its operations lies the production of cement, gypsum wallboard, recycled paperboard, concrete, and aggregates. These materials are indispensable components in housing, commercial buildings, and infrastructure projects. Eagle Materials harnesses a vertically integrated business model, which enhances its control over supply chains and cost structures, enabling the company to maintain competitive pricing and quality standards—a vital edge in a cyclical industry.

Eagle Materials' profitability story primarily unfolds through its adeptness at capitalizing on construction trends and the burgeoning demand for infrastructure development. Revenue streams flow steadily from its diverse portfolio, driven by both private sector demand and public infrastructure projects. Efficiently located production facilities, mainly in high-growth markets across the United States, ensure reduced logistical costs and prompt delivery, amplifying the company’s outreach and market presence. Furthermore, its strategic acquisitions and successful land-margin improvements have strengthened its market position and operational efficiency. This places Eagle Materials in a commendable position to withstand economic fluctuations, as it continues to be a pivotal player in fulfilling the foundational needs of the built environment.

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Last Earnings Call
Fiscal Period
Q3 2026
Call Date
Jan 29, 2026
AI Summary
Q3 2026

Revenue: Eagle Materials reported third quarter revenue of $556 million, slightly down from the prior year.

EPS: Earnings per share were $3.22, down 10% from the third quarter of fiscal 2025, mainly due to lower wallboard sales volume.

Margins: Gross profit margin was 28.9%. Cement margins were impacted by higher raw material costs, but maintenance and fuel costs remained in check.

Cement Volumes: Cement and aggregates saw strong volume growth, with aggregates up 81% to a record 1.6 million tons.

Wallboard Weakness: Wallboard sales volume fell 14% and prices dropped 5%, reflecting ongoing softness in residential construction.

CapEx & Projects: Capital spending for fiscal 2026 is projected at $430–450 million, lowered due to timing on major projects in Wyoming and Oklahoma.

Shareholder Returns: Nearly $150 million was returned to shareholders through dividends and buybacks in the quarter.

Financial Position: The company issued $750 million in 10-year notes, ending the quarter with $419 million cash and a 1.8x leverage ratio.

Key Financials
Revenue
$556 million
Earnings per share
$3.22
Gross profit margin
28.9%
Aggregate sales volume
1.6 million tons
Light Materials revenue
$203 million
Light Materials operating earnings
$73 million
Operating cash flow (first 9 months)
$512 million
Capital spending (first 9 months)
$295 million
Shareholder return (Q3)
nearly $150 million
Shares repurchased (first 9 months)
approximately 1.4 million shares
Shares remaining under authorization
approximately 3.3 million shares
Senior notes issued
$750 million (10-year, 5% interest rate)
Net debt-to-cap ratio
48%
Net debt-to-EBITDA leverage ratio
1.8x
Cash on hand (quarter-end)
$419 million
Total committed liquidity (quarter-end)
approximately $1.2 billion
Earnings Call Recording
Other Earnings Calls

Management

Mr. Michael R. Haack
CEO, President & Director
No Bio Available
Mr. D. Craig Kesler CPA
Executive VP of Finance & Administration and CFO
No Bio Available
Mr. Matthew M. Newby
Executive VP, General Counsel & Secretary
No Bio Available
Mr. Tony Thompson
Senior Vice President of Cement East
No Bio Available
Mr. Eric M. Cribbs
President of American Gypsum Company
No Bio Available
Mr. William R. Devlin
Senior VP, Controller & Chief Accounting Officer
No Bio Available
Mr. Alex Haddock
Senior VP of Investor Relations, Strategy & Corporate Development
No Bio Available
Tony Sneska
Senior Vice President of Cement Sales & Marketing
No Bio Available

Contacts

Address
TEXAS
Dallas
5960 Berkshire Lane, Suite 900
Contacts