earnings
confidence high
sentiment neutral
materiality 0.70
Eagle Materials Q3 revenue $558M, EPS $3.56; Heavy Materials down on weather
EAGLE MATERIALS INC
2024-Q3 EPS reported
$11.75
revenue$1,790,333,000
- Revenue $558.0M, net earnings $119.6M ($3.56 EPS); adjusted EPS $3.59, adjusted EBITDA $208.8M.
- Heavy Materials revenue down 4% to $351.8M; Cement volume -7% to 1.7M tons, price +4% to $156.82/ton.
- Light Materials revenue up 6% to $241.7M; Wallboard volume +2%, price +4%; Paperboard volume +7%, price +12%.
- Repurchased ~195k shares for $55M; announced acquisition of Bullskin Stone and Lime (aggregates in Western PA).
- Corporate G&A up 47% on IT upgrades ($1.9M) and transaction costs ($1.3M); net leverage ratio 1.2x.