earnings
confidence high
sentiment positive
materiality 0.75
Eagle Materials reports record Q1 revenue $561.4M, adjusted EPS $2.82, up 25% YoY
EAGLE MATERIALS INC
2022-Q1 EPS reported
$2.75
revenue$561,387,000
- Record revenue $561.4M (+18%); record net earnings $105.0M (+10%); adjusted EPS $2.82 (+25%).
- Cement net sales price +10% to $127.82/ton; volume -2% due to sold-out position and weather.
- Light Materials revenue +30% to $247.9M; wallboard volume +5%, price +24% to $218.57/MSF.
- Repurchased ~884k shares for $110M; CEO cites strong demand, second cement price increase in July.
- Heavy Materials operating earnings $68.1M (+slight); joint venture downtime remedied, equipment back online.