Eagle Materials Inc
NYSE:EXP

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Eagle Materials Inc
NYSE:EXP
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Price: 216.2 USD 2.25% Market Closed
Market Cap: 6.9B USD

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
Q2 2026
Call Date
Oct 30, 2025
AI Summary
Q2 2026

Record Revenue: Eagle Materials posted record quarterly revenue of $639 million, up 2% year-over-year, driven by higher cement sales and recent aggregates acquisitions.

EPS and Margins: Earnings per share were $4.23, down 1% from last year, reflecting lower Wallboard sales volume. Gross margin reached 31.3%.

Wallboard Weakness: Wallboard revenue and volume declined due to reduced residential construction activity, but pricing remained relatively stable.

Cement Strength: Cement and aggregates volumes increased for the second straight quarter, supported by infrastructure spending and private nonresidential construction.

Capital Allocation: Major modernization projects at the Laramie cement and Duke wallboard plants are on schedule and on budget, with expected capital spending of $475–500 million for fiscal 2026.

Shareholder Returns: The company repurchased 396,000 shares for $89 million and returned a total of $97 million to shareholders in the quarter.

Strong Balance Sheet: Net debt-to-cap ratio is 45%, and net debt-to-EBITDA is 1.6x, with $35 million in cash and $520 million in liquidity.

Cautious Optimism: Management remains optimistic on long-term demand trends in both cement and wallboard, even as near-term residential headwinds persist.

Key Financials
Revenue
$639 million
Earnings Per Share
$4.23
Gross Margin
31.3%
Light Materials Revenue
$213 million
Light Materials Operating Earnings
$78 million
Operating Cash Flow
$205 million
Capital Spending
$109 million
Shares Repurchased
396,000 shares
Share Repurchase Value
$89 million
Total Capital Returned to Shareholders
$97 million
Net Debt-to-Cap Ratio
45%
Net Debt-to-EBITDA Ratio
1.6x
Cash on Hand
$35 million
Total Committed Liquidity
$520 million
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