Eagle Materials reports record Q1 revenue $608.7M, EPS $3.94 up 16% YoY

EAGLE MATERIALS INC

2024-Q1 EPS reported $3.94 revenue$608,689,000

Record net earnings $133.8M, diluted EPS $3.94 (up 16%), revenue $608.7M (up 1%).
Heavy Materials operating earnings up 14% to $92.1M; cement price +6% to $156.10/ton offsetting 3% volume decline.
Light Materials operating earnings up 5% to $102.5M; paperboard volume record 91k tons, price +11%.
Repurchased ~348k shares for $85.5M; net leverage 1.3x; debt $1.1B.
CEO cites favorable fundamentals; expects steady demand despite weather impacts in Texas and Midwest.

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