earnings
confidence high
sentiment positive
materiality 0.70
Eagle Materials reports record Q2 revenue $623.6M, EPS $4.26, cash flow up 35%
EAGLE MATERIALS INC
2024-Q2 EPS reported
$8.19
revenue$1,232,308,000
- Record revenue $623.6M, net earnings $143.5M ($4.26 diluted EPS), adjusted EPS $4.31.
- Adjusted EBITDA $242.2M; cash flow from operations up 35% to $233M.
- Heavy Materials revenue down 2% to $418.7M; cement volume down 5% to 2.0M tons, price up 3% to $156.51/ton.
- Light Materials revenue up 5% to $244.1M; wallboard volume up 3% to 752 MMSF, paperboard price up 10% to $595.19/ton.
- Repurchased ~253,000 shares for $61M; completed bolt-on aggregates acquisition in Kentucky for $24.9M.