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Eagle Materials, Inc. - EXP STOCK NEWS

Welcome to our dedicated page for Eagle Materials news (Ticker: EXP), a resource for investors and traders seeking the latest updates and insights on Eagle Materials stock.

Eagle Materials Inc. (NYSE: EXP) is a leading U.S. manufacturer and distributor of essential building materials, including gypsum wallboard, Portland cement, recycled paperboard, and concrete and aggregates. With roots dating back to 1964, Eagle Materials plays a pivotal role in the construction industry, providing the materials needed to build and renovate America’s residential, commercial, and industrial structures, as well as improve public infrastructure.

The company operates through two main sectors: Heavy Materials and Light Materials. The Heavy Materials sector consists of the Cement and Concrete and Aggregates segments, while the Light Materials sector encompasses the Gypsum Wallboard and Recycled Paperboard segments. As the nation's fifth-largest wallboard producer and twelfth-largest cement manufacturer, Eagle Materials is a significant player in the construction materials market.

Eagle Materials' products are crucial for a variety of construction projects. Cement and concrete from the Heavy Materials sector are fundamental for constructing robust infrastructure and buildings. Gypsum wallboard from the Light Materials sector is a key component in interior walls and ceilings, providing durability and fire resistance. The company's recycled paperboard supports sustainable building practices by offering environmentally-friendly options.

In recent years, Eagle Materials has made several strategic moves to maintain its competitive edge. They have forged partnerships and initiated projects that align with their growth strategy. Financially, the company has shown resilience and adaptability, reflecting in its steady performance in the stock market.

This detailed overview highlights Eagle Materials Inc.’s significant contributions to the construction industry and underscores the company's ongoing commitment to innovation and quality. Stay informed with the latest updates and developments to understand the company’s operations and market significance better.

News

Eagle Materials Schedules Fourth Quarter and Fiscal 2024 Earnings Release and Conference Call With Senior Management

Rhea-AI Summary
Eagle Materials Inc. (NYSE: EXP) is set to announce its financial results for the fourth quarter and fiscal year 2024 on May 21, 2024. The company will hold an investor conference call on the same day at 8:30 am Eastern Time. Investors can access the call through webcast, slide presentation, and dial-in options. The call will provide insights into the company's performance and future outlook.
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Eagle Materials Announces Start Up of New Texas Lehigh Cement Company Slag Facility in Texas

Rhea-AI Summary
Eagle Materials Inc. (EXP) plans to start a new 500,000-ton slag cement facility in Houston, Texas in the summer of 2024. The facility, a joint venture with Heidelberg Materials North America, will enhance Texas Lehigh Cement Company's capacity to meet the rising demand for cementitious materials in Texas. The plant aims to support environmental sustainability efforts and address the growing market needs in Texas.
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Eagle Materials Declares Quarterly Dividend

Rhea-AI Summary
Eagle Materials Inc. (EXP) declares a quarterly cash dividend of $0.25 per share, payable on April 12, 2024, to stockholders of record of its Common Stock at the close of business on March 15, 2024.
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Eagle Materials Reports Record Third Quarter Results with 16% EPS Growth

Rhea-AI Summary
Eagle Materials Inc. reported record revenue of $558.8 million, up 9%, and net earnings of $129.1 million, up 10% for the third quarter of fiscal 2024. The company also achieved an adjusted EBITDA of $218.6 million, up 10%, and repurchased 558,500 shares of common stock for $98 million. Additionally, they announced an agreement with Terra CO2 to produce low-carbon supplementary cementitious material, showing commitment to environmental stewardship.
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Eagle Materials Schedules Third Quarter Fiscal 2024 Earnings Release and Conference Call With Senior Management

Rhea-AI Summary
Eagle Materials Inc. (NYSE: EXP) will release financial results for the third quarter of fiscal year 2024 ended December 31, 2023, on Thursday, January 25, 2024, before the open of the NYSE and will host an investor conference call the same day, Thursday, January 25, 2024, at 8:30 am Eastern Time (7:30 am Central Time). The call can be accessed through webcast and slide presentation, with the slides available for download in advance of the call. Additionally, dial-in options are provided for domestic and international callers, with a recording of the conference call available through February 1, 2024, and a replay available for one year on the Company’s website.
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Terra CO2 and Eagle Materials Announce Exclusive Agreements to Produce Low-Carbon Cementitious Material in High-Demand Markets, Including the Greater Denver Market

Rhea-AI Summary
Terra CO2 and Eagle Materials Inc. (NYSE: EXP) have entered into exclusive agreements for the potential deployment of multiple eco-friendly, low-carbon cementitious commercial-scale plants across three different geographic areas, including the Greater Denver market. Each plant would have the potential to produce approximately 240,000 tons per year of supplementary cementitious material (SCM). The agreements aim to support environmental goals and initiatives, such as the Buy Clean Colorado Act, and address the critical challenge of reducing the carbon intensity of cementitious materials using new technologies. Terra's OPUS SCM is a 1:1 replacement of traditional SCMs that does not require additional infrastructure or cement design investments, creating a win-win for both the environment and the economy.
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Eagle Materials Announces Agreement with Terra CO2 Granting Eagle Exclusive Rights to Produce Low-carbon Cementitious Material Using Terra Technology

Rhea-AI Summary
Eagle Materials Inc. (NYSE: EXP) has entered into exclusive agreements with Terra CO2 to potentially deploy multiple low-carbon cementitious commercial-scale plants in three geographic areas, including the Greater Denver market. Each plant could produce approximately 240,000 tons per year of supplementary cementitious material (SCM). The agreements aim to support environmental goals and initiatives, such as the Buy Clean Colorado Act, by reducing embodied carbon emissions in construction materials for Colorado state public projects exceeding $500,000. Eagle Materials CEO, Michael Haack, emphasizes the importance of these agreements in addressing the expected increases in demand for cement and fulfilling customer needs, especially as the supply of other SCMs like fly ash decreases. Terra CEO, Bill Yearsley, highlights the urgency to deploy new climate tech quickly and the importance of working with industry leaders to innovate and expedite low-carbon solutions for the industry.
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Eagle Materials Declares Quarterly Dividend

Rhea-AI Summary
Eagle Materials Inc. (NYSE: EXP) has declared a quarterly cash dividend of $0.25 per share. The dividend is payable on January 12, 2024, to stockholders of record as of December 15, 2023.
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Eagle Materials Reports Record Second Quarter Results With 15% EPS Growth

Rhea-AI Summary
Eagle Materials Inc. reports record revenue of $622.2 million, up 3%, and record net earnings of $150.6 million, up 8%, for Q2 fiscal 2024. Adjusted EBITDA is $247.2 million, up 9%. The company repurchased 432,500 shares of common stock for $77 million. Market conditions for construction materials remained resilient, supporting demand for wallboard and cement. The company expects to remain well-positioned for the second half of fiscal 2024.
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Eagle Materials Schedules Second Quarter Fiscal 2024 Earnings Release and Conference Call With Senior Management

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Eagle Materials Inc. to release Q2 FY2024 financial results on October 26, 2023.
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FAQ

What is the current stock price of Eagle Materials (EXP)?

The current stock price of Eagle Materials (EXP) is $248.3 as of December 20, 2024.

What is the market cap of Eagle Materials (EXP)?

The market cap of Eagle Materials (EXP) is approximately 8.4B.

What does Eagle Materials Inc. do?

Eagle Materials Inc. manufactures and distributes building materials such as gypsum wallboard, Portland cement, recycled paperboard, and concrete and aggregates.

What industries use Eagle Materials' products?

Eagle Materials' products are used in the construction industry for residential, commercial, industrial structures, and public infrastructure projects.

When was Eagle Materials Inc. founded?

Eagle Materials Inc. was founded in 1964.

What are the main sectors of Eagle Materials Inc.?

The main sectors are Heavy Materials, which includes Cement and Concrete and Aggregates segments, and Light Materials, which includes Gypsum Wallboard and Recycled Paperboard segments.

Is Eagle Materials Inc. a large producer of building materials?

Yes, Eagle Materials Inc. is the nation’s fifth-largest wallboard producer and twelfth-largest cement manufacturer.

What is included in the Heavy Materials sector?

The Heavy Materials sector includes Cement and Concrete and Aggregates segments.

What is included in the Light Materials sector?

The Light Materials sector includes Gypsum Wallboard and Recycled Paperboard segments.

How does Eagle Materials contribute to sustainable building practices?

Eagle Materials contributes to sustainable building practices by offering recycled paperboard as an environmentally-friendly option.

What recent achievements has Eagle Materials made?

Eagle Materials has forged strategic partnerships and initiated projects that align with their growth strategy to maintain its competitive edge.

Where can I find the latest news about Eagle Materials Inc.?

Latest news about Eagle Materials Inc. can be found on their official website and financial news platforms like StockTitan.

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Eagle Materials, Inc.

NYSE:EXP

EXP Rankings

#946 Ranked by Market Cap
#2046 Ranked by Dividends

EXP Stock Data

8.41B
33.14M
1.22%
104.09%
2.82%
Building Materials
Cement, Hydraulic
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United States of America
DALLAS