Eagle Matls Inc Stock Price, News & Analysis

The Board of Directors of Eagle Materials (NYSE: EXP) has declared a quarterly cash dividend of $0.25 per share, scheduled for payment on April 14, 2023. Stockholders of record will be identified by the close of business on March 17, 2023. Eagle Materials operates over 70 facilities across the U.S., specializing in the production of Portland Cement, Gypsum Wallboard, Recycled Paperboard, and Concrete and Aggregates.

Eagle Materials reported record revenue of $511 million for the third quarter of fiscal 2023, a 10% increase year-over-year. Net earnings rose 14% to $117 million, with earnings per share reaching $3.20, up 26%. Adjusted EBITDA was $199 million, marking a 14% increase. The Gypsum Wallboard segment performed strongly, with revenue up 23% to $235 million. However, the Heavy Materials sector faced declining operating earnings due to lower cement sales volume, down 13%, despite a 13% increase in net sales price. The company returned approximately $113 million to shareholders through stock repurchases during the quarter.

Eagle Materials Inc. (NYSE: EXP) will announce its FY 2023 Q3 financial results on January 26, 2023, before market opening, followed by an investor conference call at 8:30 AM ET. The call is accessible via webcast, with slides available beforehand. A replay option is set until February 2, 2023, through specific dial-in numbers. Eagle Materials manufactures Portland Cement, Gypsum Wallboard, and other construction materials across over 70 U.S. facilities, headquartered in Dallas, Texas.

Eagle Materials Inc. (NYSE: EXP) has announced a quarterly cash dividend of $0.25 per share, scheduled for payment on January 12, 2023. Stockholders of record as of December 16, 2022 will receive this dividend. The company, based in Dallas, Texas, specializes in manufacturing and distributing key construction materials, including Portland Cement and Gypsum Wallboard from over 70 facilities across the U.S.

Eagle Materials Inc. (NYSE: EXP) reported strong financial results for Q2 FY2023, with record revenue of $605 million, a 19% increase. Net earnings surged 36% to $139 million, resulting in EPS of $3.72, up 51%. Adjusted EBITDA rose 21% to $227 million. The company executed share repurchases totaling $101 million. Despite challenges in the housing sector due to rising interest rates, Eagle remains optimistic about its market position, citing high construction activity and plans for future price increases in cement.

Eagle Materials Inc. (NYSE: EXP) will announce its financial results for Q2 FY 2023 on October 26, 2022, before NYSE opens. An investor conference call will follow at 8:30 AM ET. Investors can access the webcast and presentation slides at ir.eaglematerials.com/webcasts-presentations. The company operates over 70 facilities in the US, producing Portland Cement, Gypsum Wallboard, and other materials. A replay will be available until November 3, 2022.

The Board of Directors of Eagle Materials Inc. (NYSE: EXP) has announced a quarterly cash dividend of $0.25 per share, which will be payable on October 14, 2022. This dividend is for stockholders on record by the close of business on September 16, 2022. Eagle Materials operates over 70 facilities in the U.S., specializing in the manufacturing and distribution of Portland Cement, Gypsum Wallboard, Recycled Paperboard, and Concrete and Aggregates.

Eagle Materials reported record financial results for Q1 fiscal 2023, with revenue of $561.4 million, an 18% increase year-over-year. Net earnings rose to $105.0 million, reflecting a 10% growth, while earnings per share (EPS) hit a record $2.75, up 22%. Adjusted EPS advanced 25% to $2.82, and Adjusted EBITDA reached $184.1 million, a 13% increase. The company repurchased approximately 884,000 shares for $110 million.

CEO Michael Haack noted strong demand in the heavy materials sector and expected continued growth due to federal infrastructure investments.