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.
Eagle Materials Inc. (NYSE: EXP) reported strong financial results for Q2 FY2023, with record revenue of $605 million, a 19% increase. Net earnings surged 36% to $139 million, resulting in EPS of $3.72, up 51%. Adjusted EBITDA rose 21% to $227 million. The company executed share repurchases totaling $101 million. Despite challenges in the housing sector due to rising interest rates, Eagle remains optimistic about its market position, citing high construction activity and plans for future price increases in cement.
Eagle Materials Inc. (NYSE: EXP) will announce its financial results for Q2 FY 2023 on October 26, 2022, before NYSE opens. An investor conference call will follow at 8:30 AM ET. Investors can access the webcast and presentation slides at ir.eaglematerials.com/webcasts-presentations. The company operates over 70 facilities in the US, producing Portland Cement, Gypsum Wallboard, and other materials. A replay will be available until November 3, 2022.
The Board of Directors of Eagle Materials Inc. (NYSE: EXP) has announced a quarterly cash dividend of $0.25 per share, which will be payable on October 14, 2022. This dividend is for stockholders on record by the close of business on September 16, 2022. Eagle Materials operates over 70 facilities in the U.S., specializing in the manufacturing and distribution of Portland Cement, Gypsum Wallboard, Recycled Paperboard, and Concrete and Aggregates.
Eagle Materials reported record financial results for Q1 fiscal 2023, with revenue of $561.4 million, an 18% increase year-over-year. Net earnings rose to $105.0 million, reflecting a 10% growth, while earnings per share (EPS) hit a record $2.75, up 22%. Adjusted EPS advanced 25% to $2.82, and Adjusted EBITDA reached $184.1 million, a 13% increase. The company repurchased approximately 884,000 shares for $110 million.
CEO Michael Haack noted strong demand in the heavy materials sector and expected continued growth due to federal infrastructure investments.
Eagle Materials Inc. (NYSE: EXP) has announced updated details for its first quarter fiscal 2023 earnings conference call scheduled for July 28, 2022, at 8:30 am Eastern Time. Interested parties can access the call via webcast, and slides will be available beforehand. Domestic dial-in is 833-630-0590, while international callers can reach 412-317-1829. A recording will be available until August 5, 2022. Eagle Materials operates more than 70 facilities across the US, producing Portland cement, gypsum wallboard, and concrete aggregates.
Eagle Materials Inc. (NYSE: EXP) will announce its financial results for the first quarter of fiscal year 2023 on July 28, 2022, prior to market opening. The company will host an investor conference call on the same day at 8:30 AM ET. Interested participants can join the call via phone or through the company's website, where a webcast archive will also be accessible. Eagle Materials produces Portland Cement, Gypsum Wallboard, Recycled Paperboard, and Concrete and Aggregates from over 70 U.S. facilities, with headquarters in Dallas, Texas.
The NACD North Texas Chapter announced new officers and board members for the 2022-2023 term, effective July 1, 2022. Margot Carter, president of Living Mountain Capital, assumes the role of board chair, leading a team including Ray Hemmig as vice chair, Todd Murray as secretary, and Bill Buechele as treasurer. New board members include notable leaders such as Beth Garvey, CEO of BGSF, and Shane Goodwin, finance professor at Southern Methodist University. The board aims to enhance governance practices and elevate board performance in the Dallas-Fort Worth area.
The Board of Directors of Eagle Materials (NYSE: EXP) has declared a quarterly cash dividend of $0.25 per share. This dividend will be payable on July 15, 2022, to stockholders of record as of the close of business on June 16, 2022. Eagle Materials specializes in manufacturing and distributing Portland Cement, Gypsum Wallboard, Recycled Paperboard, and Concrete and Aggregates across more than 70 facilities in the US.
Eagle Materials Inc. reported record fiscal year 2022 results, achieving $1.9 billion in revenue, a 15% increase, and a record EPS of $9.14, up 14%. The Q4 revenue reached $413.1 million, rising 20%, with net earnings of $74.3 million. Strong financial performance was aided by a 270 bps gross margin expansion to 27.9%. The company repurchased nearly 4 million shares for $590 million and increased share repurchase authorization by 7.5 million shares. Fiscal 2022 saw significant growth in both Heavy and Light Materials sectors.
Eagle Materials Inc. (NYSE: EXP) will announce its financial results for Q4 and fiscal year 2022 on May 19, 2022, before the NYSE opens. The company will also hold an investor conference call on the same day at 8:30 AM ET. Interested participants can join by calling either (866) 370-6756 for US and Canada or (409) 350-3156 for international callers. The conference call details and an archived webcast will be available on Eagle Materials' website.
Eagle Materials specializes in manufacturing Portland Cement, Gypsum Wallboard, and more from over 70 facilities across the US.
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