earnings
confidence high
sentiment positive
materiality 0.80
Eagle Materials reports record Q3 revenue $558.8M, EPS $3.72 up 16%
EAGLE MATERIALS INC
2023-Q3 EPS reported
$11.38
revenue$1,782,590,000
- Record net earnings of $129.1M ($3.72 diluted EPS), up 16% from $111.9M ($3.20) a year ago.
- Revenue of $558.8M (+9% YoY); Cement segment revenue up 20% with average price +13% to $151.32/ton.
- Heavy Materials operating earnings +43% to $107.3M; Light Materials down 13% to $82.6M on lower pricing.
- Repurchased 558,500 shares for $98M in the quarter; returned $106M to shareholders.
- Announced exclusive rights to Terra CO2 technology to produce low-carbon cementitious material in three core markets.