earnings
confidence high
sentiment positive
materiality 0.85
Eagle Materials reports record Q2 revenue $605M, EPS $3.72, up 51% YoY
EAGLE MATERIALS INC
2022-Q2 EPS reported
$6.46
revenue$1,166,455,000
- Record revenue $605M (+19% YoY); net earnings $139M (+36%); adjusted EBITDA $227M (+21%).
- Heavy Materials: cement revenue $319.5M (+11%), operating earnings record $98.8M; price up 12% to $132.50/ton.
- Light Materials: wallboard revenue up 26% to $253.5M; volume +6%, price +22% to $233.70/MSF.
- Repurchased 840,000 shares for $101M; returned $110M to shareholders in Q2, $230M YTD.
- Cement demand strong; price increases announced for Jan 2023; management cautious on rate impact.