earnings
confidence high
sentiment positive
materiality 0.85
Eagle Materials reports record Q2 revenue $622M, EPS $4.26 up 15%
EAGLE MATERIALS INC
2023-Q2 EPS reported
$7.66
revenue$1,223,757,000
- Record revenue $622.2M (+3%); net earnings $150.6M (+8%); diluted EPS $4.26 (+15%).
- Heavy Materials cement revenue +13% to $360.8M, operating earnings record $121.4M (+23%).
- Light Materials revenue -8% to $233.5M; wallboard volume -6%, price flat.
- Adjusted EBITDA $247.2M (+9%); cash from ops $172.4M; repurchased 432,500 shares for $77M.
- Cement price increases implemented July 2023 and announced for Jan 2024; PLC production >60%.