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. (NYSE: EXP) generates a steady flow of news as a U.S. manufacturer of heavy construction products and light building materials. Company updates frequently highlight its core products, including Portland Cement, gypsum wallboard, concrete, aggregates, slag and recycled paperboard, which support infrastructure work and building and renovation projects across the United States.
News about Eagle Materials often centers on quarterly and annual earnings results, where the company reports performance by its Heavy Materials and Light Materials sectors. These releases discuss revenue and operating earnings for cement, concrete and aggregates, gypsum wallboard and recycled paperboard, along with management’s commentary on demand trends in infrastructure, residential housing and non-residential construction end markets.
Investors following EXP can also expect capital investment and growth project announcements. Recent communications have described modernization and expansion projects at the Mountain Cement plant, the startup of a slag-cement facility in Houston through the Texas Lehigh joint venture, and a major expansion and modernization of the Duke, Oklahoma gypsum wallboard plant operated by American Gypsum. Such news provides insight into how Eagle Materials seeks to adjust capacity, cost structure and geographic coverage.
Additional news items include dividend declarations, share repurchase activity, debt offerings such as senior notes, and listing developments like the dual listing of EXP on NYSE Texas while maintaining its primary listing on the New York Stock Exchange. Conference call and webcast announcements give details on how investors can access management’s discussions of results and outlook.
For readers and market participants, the Eagle Materials news feed on Stock Titan offers a centralized view of these earnings releases, capital markets actions, operational updates and corporate developments related to EXP.
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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.