earnings
confidence high
sentiment negative
materiality 0.75
Eagle Materials Q1 revenue up 3% to $651M, EPS down 13% to $3.29; cement volume up 8%
EAGLE MATERIALS INC
- Record revenue of $651.0M (+3% YoY); net earnings $102.1M (-17%); diluted EPS $3.29 (-13%).
- Cement sales volume up 8% to record 2.1M tons; average net cement price down 2% due to higher freight.
- Wallboard volume down 2% to 772 MMSF; average net wallboard price down 10% reflecting higher freight.
- Adjusted EBITDA $190.5M (-11%); cash from operations $154M (+13%); repurchased 406,500 shares for ~$84M.
- Unexpected equipment failure at Mountain Cement caused ~$6M earnings impact; expect insurance recovery.