Eagle Materials manufactures heavy construction products and light building materials for U.S. construction markets. Its core product categories include Portland Cement, aggregates, concrete, gypsum wallboard and recycled paperboard, organized around Heavy Materials and Light Materials operations.
Recurring company news covers quarterly earnings releases, conference-call schedules, dividend declarations, capital allocation actions, plant modernization projects and exchange-listing updates for EXP common stock. Operating updates often discuss demand from public infrastructure, non-residential construction and residential building activity, along with volume and pricing trends across cement, aggregates, wallboard and paperboard.
Eagle Materials Inc. (NYSE: EXP) reported record revenue of $447.7 million for Q2 FY2021, up 12% year-over-year. Diluted EPS from continuing operations reached $2.16, an increase of 20%, bolstered by a $5.9 million non-recurring tax benefit. The Heavy Materials sector saw a 15% revenue increase to $324.4 million, while Cement sales volume hit a record 2.2 million tons, up 23%. The sale of the Oil and Gas Proppants business yielded a $9 million gain. The planned spin-off of Heavy and Light Materials remains on track despite COVID-19 uncertainties.
Eagle Materials Inc. (NYSE: EXP) is set to announce its financial results for the second quarter of fiscal 2021 on October 29, 2020, before NYSE market open. An investor conference call will follow at 8:30 AM ET. Participants can join via phone or listen through the company's website, where a webcast archive will also be available. Eagle Materials specializes in manufacturing and distributing Portland Cement, Gypsum Wallboard, and other construction materials from over 70 facilities across the U.S., headquartered in Dallas, Texas.