Welcome to our dedicated page for Eagle Materials news (Ticker: $EXP), a resource for investors and traders seeking the latest updates and insights on Eagle Materials stock.
Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Eagle Materials's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.
Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Eagle Materials's position in the market.
Rhea-AI Summary
Eagle Materials Inc. (NYSE: EXP) is set to announce its financial results for the fourth quarter and fiscal year 2024 on May 21, 2024. The company will hold an investor conference call on the same day at 8:30 am Eastern Time. Investors can access the call through webcast, slide presentation, and dial-in options. The call will provide insights into the company's performance and future outlook.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.13%
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Rhea-AI Summary
Eagle Materials Inc. (EXP) plans to start a new 500,000-ton slag cement facility in Houston, Texas in the summer of 2024. The facility, a joint venture with Heidelberg Materials North America, will enhance Texas Lehigh Cement Company's capacity to meet the rising demand for cementitious materials in Texas. The plant aims to support environmental sustainability efforts and address the growing market needs in Texas.
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End-of-Day
-2.66%
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Rhea-AI Summary
Eagle Materials Inc. (EXP) declares a quarterly cash dividend of $0.25 per share, payable on April 12, 2024, to stockholders of record of its Common Stock at the close of business on March 15, 2024.
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Rhea-AI Sentiment
End-of-Day
0.97%
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Rhea-AI Summary
Eagle Materials Inc. reported record revenue of $558.8 million, up 9%, and net earnings of $129.1 million, up 10% for the third quarter of fiscal 2024. The company also achieved an adjusted EBITDA of $218.6 million, up 10%, and repurchased 558,500 shares of common stock for $98 million. Additionally, they announced an agreement with Terra CO2 to produce low-carbon supplementary cementitious material, showing commitment to environmental stewardship.
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Rhea-AI Sentiment
End-of-Day
2.4%
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Rhea-AI Summary
Eagle Materials Inc. (NYSE: EXP) will release financial results for the third quarter of fiscal year 2024 ended December 31, 2023, on Thursday, January 25, 2024, before the open of the NYSE and will host an investor conference call the same day, Thursday, January 25, 2024, at 8:30 am Eastern Time (7:30 am Central Time). The call can be accessed through webcast and slide presentation, with the slides available for download in advance of the call. Additionally, dial-in options are provided for domestic and international callers, with a recording of the conference call available through February 1, 2024, and a replay available for one year on the Company’s website.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.42%
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Rhea-AI Summary
Terra CO2 and Eagle Materials Inc. (NYSE: EXP) have entered into exclusive agreements for the potential deployment of multiple eco-friendly, low-carbon cementitious commercial-scale plants across three different geographic areas, including the Greater Denver market. Each plant would have the potential to produce approximately 240,000 tons per year of supplementary cementitious material (SCM). The agreements aim to support environmental goals and initiatives, such as the Buy Clean Colorado Act, and address the critical challenge of reducing the carbon intensity of cementitious materials using new technologies. Terra's OPUS SCM is a 1:1 replacement of traditional SCMs that does not require additional infrastructure or cement design investments, creating a win-win for both the environment and the economy.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.54%
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Rhea-AI Summary
Eagle Materials Inc. (NYSE: EXP) has entered into exclusive agreements with Terra CO2 to potentially deploy multiple low-carbon cementitious commercial-scale plants in three geographic areas, including the Greater Denver market. Each plant could produce approximately 240,000 tons per year of supplementary cementitious material (SCM). The agreements aim to support environmental goals and initiatives, such as the Buy Clean Colorado Act, by reducing embodied carbon emissions in construction materials for Colorado state public projects exceeding $500,000. Eagle Materials CEO, Michael Haack, emphasizes the importance of these agreements in addressing the expected increases in demand for cement and fulfilling customer needs, especially as the supply of other SCMs like fly ash decreases. Terra CEO, Bill Yearsley, highlights the urgency to deploy new climate tech quickly and the importance of working with industry leaders to innovate and expedite low-carbon solutions for the industry.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.54%
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Rhea-AI Summary
Eagle Materials Inc. (NYSE: EXP) has declared a quarterly cash dividend of $0.25 per share. The dividend is payable on January 12, 2024, to stockholders of record as of December 15, 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.19%
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Rhea-AI Summary
Eagle Materials Inc. reports record revenue of $622.2 million, up 3%, and record net earnings of $150.6 million, up 8%, for Q2 fiscal 2024. Adjusted EBITDA is $247.2 million, up 9%. The company repurchased 432,500 shares of common stock for $77 million. Market conditions for construction materials remained resilient, supporting demand for wallboard and cement. The company expects to remain well-positioned for the second half of fiscal 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.93%
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Rhea-AI Summary
Eagle Materials Inc. to release Q2 FY2024 financial results on October 26, 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.28%
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Eagle Materials, Inc.
NYSE:EXP
EXP Rankings
EXP Stock Data
8.85B
33.96M
1.29%
99.14%
3.09%
Cement Manufacturing
Manufacturing
United States of America
DALLAS
About EXP
eagle materials inc. (nyse: exp) is a leading u.s. manufacturer and distributor of building materials including gypsum wallboard, portland cement, recycled paperboard, and concrete and aggregates. the construction industry uses our products to build and renovate america’s residential, commercial and industrial structures and to build and improve our country's public infrastructure. founded in 1964, we are the nation’s fifth largest wallboard producer and twelfth largest cement manufacturer.