secwatch.observer — SEC 8-K summary
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Issuer:     EAGLE MATERIALS INC (EXP)
CIK:        0000918646
Form:       8-K
Filed at:   2024-05-21T23:59:59+00:00
Accession:  0001193125-24-143307
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Eagle Materials reports record FY revenue $2.3B, EPS $13.61; Q4 EPS -20%
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/918646/000119312524143307/0001193125-24-143307-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/918646/000119312524143307/d819856d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-143307

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