Eagle Materials reports record Q3 revenue $511M, EPS $3.20 up 26%

EAGLE MATERIALS INC

2023-Q3 EPS reported $9.66 revenue$1,677,942,000

Record revenue $511M (+10%), net earnings $117M (+14%), diluted EPS $3.20 (+26%).
Light Materials operating earnings up 51% to $95M; wallboard margins expanded 400 bps.
Heavy Materials revenue up 3% to $311M but operating earnings down 11% on lower cement volumes.
Cement avg net price up 13% to $134.36/ton; volume down 13% to 1.7M tons.
Repurchased 824K shares for $103M; total cash returned to shareholders $342M YTD.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

EAGLE MATERIALS INC reported fiscal third quarter ended December 31, 2022 results: revenue $511 million, net income $117 million, EPS $3.20.

Period: fiscal third quarter ended December 31, 2022
Revenue: $511 million
Net income: $117 million
EPS: $3.20
Result: reported results

Exact text from the filing

Eagle Materials Inc. (NYSE: EXP) today reported financial results for the third quarter of fiscal 2023 ended December 31, 2022. Notable items for the quarter are highlighted below (unless otherwise noted, all comparisons are with the prior year’s fiscal third quarter): Third Quarter Fiscal 2023 Highlights • Record Revenue of $511 million, up 10% • Record Net Earnings of $117 million, up 14%, and Net Earnings per share of $3.20, up 26%

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Source: SEC EDGAR

accession 0001193125-23-015651

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