Welcome to our dedicated page for Eagle Matls news (Ticker: EXP), a resource for investors and traders seeking the latest updates and insights on Eagle Matls stock.
Eagle Materials Inc (EXP) delivers essential building materials for America's construction sector through cement, gypsum wallboard, and concrete products. This news hub provides investors and industry professionals with centralized access to official updates and market analysis.
Track EXP's latest financial developments including quarterly earnings, strategic acquisitions, and production innovations. Our curated news collection covers material supply chain updates, sustainability initiatives, and infrastructure project partnerships relevant to the construction materials sector.
Key updates include regulatory filings, leadership changes, and operational expansions. Users receive timely alerts about EXP's Heavy Materials cement production and Light Materials wallboard distribution networks. Bookmark this page for verified information supporting informed analysis of EXP's market position.
The Board of Directors of Eagle Materials has declared a quarterly cash dividend of $0.25 per share.
This dividend is payable on July 15, 2024, to stockholders of record as of June 17, 2024.
Eagle Materials is a leading U.S. manufacturer specializing in heavy construction products and light building materials like Portland Cement and Gypsum Wallboard.
The company operates over 70 facilities across 21 states and is headquartered in Dallas, Texas.
For more information, visit their website or contact their executive team.
Eagle Materials (NYSE: EXP) announced record financial results for fiscal year 2024, ending March 31, 2024. The company achieved record revenue of $2.3 billion (+5%), net earnings of $477.6 million (+3%), and diluted EPS of $13.61 (+9%). Adjusted EBITDA rose 7% to $834.5 million. The fourth quarter saw a modest revenue increase (+1%) to $476.7 million, but net earnings and diluted EPS declined by 23% and 20%, respectively. The company repurchased 1.9 million shares for $343 million over the year. Fiscal 2024 revenue in the Heavy Materials sector grew 12% to $1.5 billion, with operating earnings up 18%. Light Materials sector revenue fell 4% to $941.4 million, with operating earnings down 3%. Notable initiatives include a $430 million investment in Wyoming and a new slag-cement facility in Texas to bolster growth.
Eagle Materials (NYSE: EXP) has announced a $430 million investment to modernize and expand its Laramie, Wyoming cement plant. This project will increase the plant's capacity by 50% to 1.2 million tons annually and is expected to reduce manufacturing costs by 25% and cut CO2 intensity by nearly 20%. The expansion also includes a new distribution facility in northern Colorado. Construction is set to begin immediately with completion expected in the second half of 2026. This move aims to strengthen Eagle Materials' position as a low-cost producer and meet growing demand in regions such as northern Colorado, Nebraska, Utah, and Wyoming.
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