Eagle Matls Inc Stock Price, News & Analysis

Eagle Materials Inc. (NYSE: EXP) reported a significant financial performance for Q3 of fiscal 2022, with revenue of $463 million, a 14% increase year-over-year. The company achieved record diluted EPS from continuing operations at $2.53, up 30%. Notably, Eagle repurchased 1.2 million shares for $188 million, reflecting strong free cash flow. The Heavy Materials sector saw a 9% revenue growth to $303.5 million, while the Light Materials sector surged 21% to $192.1 million. Despite some volume declines, demand trends remain positive, supported by ongoing U.S. construction activity.

Eagle Materials Inc. (NYSE: EXP) will announce its third-quarter fiscal 2022 financial results on January 27, 2022, before the NYSE opens. An investor conference call will follow at 8:30 am ET. Interested participants can join by calling (866) 370-6756 for US and Canada, or (409) 350-3156 for international callers, with the conference ID 7262248. The earnings report will cover key financial metrics related to the company's manufacturing and distribution of Portland Cement, Gypsum Wallboard, and other construction materials across over 70 US facilities.

The Board of Directors of Eagle Materials (NYSE: EXP) has announced a quarterly cash dividend of $0.25 per share, payable on January 14, 2022. Stockholders of record as of December 17, 2021 will receive this dividend. Eagle Materials manufactures and distributes cement, gypsum wallboard, recycled paperboard, and aggregates from over 70 facilities across the United States, headquartered in Dallas, Texas.

Eagle Materials Inc. (NYSE: EXP) has appointed Mauro Gregorio, the President of Performance Materials and Coatings at Dow, to its Board of Directors. Mr. Gregorio brings 35 years of experience and a strong track record in leadership, including overseeing a $9 Billion business with innovative solutions in infrastructure and transportation. The Board Chair, Mike Nicolais, expressed confidence in Mr. Gregorio's insights to enhance the company's growth trajectory.

Eagle Materials reported a record revenue of $510 million for Q2 fiscal 2022, up 14% year-over-year, with net earnings per share at $2.46 (+6%) and adjusted EPS of $2.73 (+26%). The gross profit margin increased by 310 basis points to 30.5%. The company issued $750 million of senior notes at 2.50% interest, redeeming $350 million of higher-interest notes. Segment revenue growth included 5% in Heavy Materials and 28% in Light Materials, bolstered by improved sales prices. Shareholder returns approached $200 million.

Eagle Materials Inc. (NYSE: EXP) will announce its financial results for Q2 fiscal 2022, concluding on September 30, 2021, on October 28, 2021, before NYSE market opening. An investor conference call is scheduled for the same day at 8:30 AM ET. Participants can join by dialing (866) 370-6756 or (409) 350-3156 internationally, using conference ID 6359205. Eagle Materials, headquartered in Dallas, Texas, specializes in manufacturing and distributing Portland Cement, Gypsum Wallboard, Recycled Paperboard, and Concrete and Aggregates from over 70 facilities across the U.S.

Eagle Materials Inc. (NYSE: EXP) has announced a quarterly cash dividend of $0.25 per share, scheduled for payment on October 15, 2021. This dividend will be issued to stockholders of record as of the close of business on September 17, 2021. Eagle Materials operates more than 70 facilities across the US, specializing in the manufacturing and distribution of Portland Cement, Gypsum Wallboard, and Concrete products.

Eagle Materials reported a record revenue of $476 million for the first quarter of fiscal 2022, marking an 11% increase compared to the prior year. However, net earnings per diluted share declined by 3% to $2.25, primarily due to a previous $52 million gain on asset sales. The company repurchased approximately 426,000 shares during the quarter. The Heavy Materials segment saw a 3% revenue increase to $315 million, while Light Materials revenue rose 25% to $191 million, benefiting from strong demand and pricing.

Eagle Materials Inc. (NYSE: EXP) will report its financial results for Q1 FY2022, ending June 30, 2021, on July 28, 2021, before NYSE opening. An investor conference call will follow at 8:30 AM ET. Participants can join by dialing (866) 370-6756 for US & Canada or (409) 350-3156 for international callers, using conference ID 6818288. The call will also be accessible on Eagle Materials' website, where an archived webcast will be available. Eagle Materials operates over 70 facilities across the US, focusing on manufacturing and distributing construction materials.