earnings
confidence high
sentiment positive
materiality 0.75
Eagle Materials reports record Q1 revenue $601.5M, EPS $3.40 (+24%)
EAGLE MATERIALS INC
2023-Q1 EPS reported
$3.40
revenue$601,521,000
- Record revenue $601.5M (+7% YoY); net earnings $120.8M ($3.40 diluted EPS, +24%).
- Adjusted EPS $3.55 (+26%); adjusted EBITDA $214M (+16%).
- Heavy Materials revenue $396M (+15%); Cement avg price $147.27/ton (+15%).
- Light Materials op earnings $98M (+12%); Wallboard volume -4% but price +8%.
- Repurchased 484k shares for $74M; net debt $1.1B, leverage ratio 1.4x.