earnings
confidence high
sentiment positive
materiality 0.75
Eagle Materials reports record FY revenue $2.3B, EPS $13.61; Q4 EPS -20%
EAGLE MATERIALS INC
2024-FY EPS reported
$13.61
revenue$2,259,297,000
- Record annual revenue $2.3B (+5%), net earnings $477.6M (+3%), diluted EPS $13.61 (+9%).
- Q4 revenue $476.7M (+1%), net earnings $77.1M (-23%), EPS $2.24 (-20%) on higher costs and weather.
- Heavy Materials cement revenue +14% to $1.2B, operating earnings +21% to $338.3M; Concrete & Aggregates earnings -32%.
- Announced $430M Mountain Cement expansion (WY) adds 500K tons, cuts costs ~25%, completion H2 2026; Houston slag-cement JV.
- Repurchased 1.9M shares for $343M in FY; net leverage 1.3x, debt $1.1B.