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Eagle Matls Inc - EXP STOCK NEWS

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Overview of Eagle Materials Inc.

Eagle Materials Inc. (NYSE: EXP) is a prominent U.S.-based manufacturer and distributor of essential building materials that play a critical role in the construction and infrastructure sectors. Founded in 1964, the company has established itself as a key supplier of products such as gypsum wallboard, Portland cement, concrete, aggregates, and recycled paperboard. These materials are integral to the construction of residential, commercial, and industrial structures, as well as the development and enhancement of public infrastructure across the United States.

Business Segments

Eagle Materials operates through two primary business segments, each catering to distinct areas of the construction industry:

  • Heavy Materials: This segment includes the production and distribution of cement, concrete, and aggregates. Cement, a critical component of concrete, is a cornerstone material for large-scale construction projects, including highways, bridges, and commercial buildings. The company’s aggregate products, such as crushed stone and sand, are essential for concrete production and other construction applications.
  • Light Materials: This segment focuses on gypsum wallboard and recycled paperboard. Gypsum wallboard, commonly known as drywall, is a fundamental material for interior construction, providing cost-effective and durable solutions for walls and ceilings. The recycled paperboard segment supports sustainability by repurposing waste materials into valuable construction inputs.

Market Position and Industry Context

Eagle Materials holds a strong position within the U.S. construction materials industry. It ranks as the nation’s fifth-largest producer of gypsum wallboard and twelfth-largest manufacturer of cement. These rankings highlight its significant market presence and ability to meet the demands of large-scale construction projects. The company’s products are widely used in sectors ranging from residential housing to commercial real estate and public infrastructure.

The construction materials industry is inherently cyclical, influenced by economic factors such as housing demand, government infrastructure spending, and overall economic growth. Eagle Materials’ diversified product portfolio and balanced approach between heavy and light materials help mitigate risks associated with market fluctuations, providing stability across varying economic conditions.

Competitive Landscape and Differentiation

The company operates in a competitive environment alongside other major players in the construction materials sector. Key competitors likely include large cement producers, wallboard manufacturers, and regional suppliers. Eagle Materials differentiates itself through its vertically integrated operations, which streamline production and distribution processes, enhancing cost efficiency and supply chain reliability. Additionally, its focus on producing high-quality materials and maintaining strong customer relationships bolsters its competitive edge.

Operational Excellence and Strategic Focus

Eagle Materials emphasizes operational efficiency, leveraging advanced manufacturing processes and strategic resource management to maintain cost-effectiveness and high product quality. Its vertically integrated business model allows the company to control key aspects of production, from raw material sourcing to final product delivery, ensuring consistency and reliability in its offerings.

Significance in the Construction Supply Chain

As a supplier of foundational building materials, Eagle Materials plays a crucial role in the construction supply chain. Its products enable the construction and renovation of structures that are essential to modern life, including homes, offices, schools, and public infrastructure. By providing reliable and high-quality materials, the company supports the growth and sustainability of the construction industry.

Conclusion

In summary, Eagle Materials Inc. is a well-established and diversified manufacturer of construction materials, serving a broad spectrum of industries and applications. Its dual focus on heavy and light materials, combined with its significant market presence and operational efficiency, positions it as a key player in the U.S. construction materials industry. Through its commitment to quality and reliability, the company continues to contribute to the development and improvement of America’s built environment.

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 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 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 Inc. to release Q2 FY2024 financial results on October 26, 2023.
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Eagle Materials Inc. (NYSE: EXP) has declared a quarterly cash dividend of $0.25 per share. The dividend will be payable on October 16, 2023, to stockholders of record as of September 15, 2023.
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Eagle Materials Inc. (NYSE: EXP) reported record revenue of $601.5 million, up 7%, and record net earnings of $120.8 million, up 15% for the first quarter of fiscal 2024. Adjusted EPS increased by 26% to $3.55. The company repurchased approximately 484,000 shares of Eagle common stock for $74 million. Heavy Materials sector revenue increased by 15% to $396 million, while Light Materials sector revenue decreased by 2% to $242 million.
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FAQ

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

The current stock price of Eagle Matls (EXP) is $218.77 as of March 3, 2025.

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

The market cap of Eagle Matls (EXP) is approximately 7.5B.

What does Eagle Materials Inc. manufacture?

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

What industries does Eagle Materials Inc. serve?

The company serves the construction and building industries, including residential, commercial, and public infrastructure projects.

What are the main business segments of Eagle Materials Inc.?

The company operates in two segments: Heavy Materials (cement, concrete, aggregates) and Light Materials (gypsum wallboard, recycled paperboard).

How does Eagle Materials Inc. differentiate itself from competitors?

Eagle Materials leverages vertical integration, operational efficiency, and high product quality to differentiate itself in the competitive construction materials market.

What is the significance of Eagle Materials Inc. in the construction supply chain?

Eagle Materials provides essential building materials that are foundational to constructing and renovating residential, commercial, and public infrastructure.
Eagle Matls Inc

NYSE:EXP

EXP Rankings

EXP Stock Data

7.54B
32.73M
1.22%
104.45%
2.4%
Building Materials
Cement, Hydraulic
Link
United States
DALLAS