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.
The Board of Directors of Eagle Materials (NYSE: EXP) has declared a quarterly cash dividend of $0.25 per share, scheduled for payment on April 14, 2023. Stockholders of record will be identified by the close of business on March 17, 2023. Eagle Materials operates over 70 facilities across the U.S., specializing in the production of Portland Cement, Gypsum Wallboard, Recycled Paperboard, and Concrete and Aggregates.
Eagle Materials reported record revenue of $511 million for the third quarter of fiscal 2023, a 10% increase year-over-year. Net earnings rose 14% to $117 million, with earnings per share reaching $3.20, up 26%. Adjusted EBITDA was $199 million, marking a 14% increase. The Gypsum Wallboard segment performed strongly, with revenue up 23% to $235 million. However, the Heavy Materials sector faced declining operating earnings due to lower cement sales volume, down 13%, despite a 13% increase in net sales price. The company returned approximately $113 million to shareholders through stock repurchases during the quarter.
Eagle Materials Inc. (NYSE: EXP) will announce its FY 2023 Q3 financial results on January 26, 2023, before market opening, followed by an investor conference call at 8:30 AM ET. The call is accessible via webcast, with slides available beforehand. A replay option is set until February 2, 2023, through specific dial-in numbers. Eagle Materials manufactures Portland Cement, Gypsum Wallboard, and other construction materials across over 70 U.S. facilities, headquartered in Dallas, Texas.
FAQ
What is the current stock price of Eagle Materials (EXP)?
What is the market cap of Eagle Materials (EXP)?
What does Eagle Materials Inc. do?
What industries use Eagle Materials' products?
When was Eagle Materials Inc. founded?
What are the main sectors of Eagle Materials Inc.?
Is Eagle Materials Inc. a large producer of building materials?
What is included in the Heavy Materials sector?
What is included in the Light Materials sector?
How does Eagle Materials contribute to sustainable building practices?
What recent achievements has Eagle Materials made?
Where can I find the latest news about Eagle Materials Inc.?
