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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.
Eagle Materials reported a record revenue of $510 million for Q2 fiscal 2022, up 14% year-over-year, with net earnings per share at $2.46 (+6%) and adjusted EPS of $2.73 (+26%). The gross profit margin increased by 310 basis points to 30.5%. The company issued $750 million of senior notes at 2.50% interest, redeeming $350 million of higher-interest notes. Segment revenue growth included 5% in Heavy Materials and 28% in Light Materials, bolstered by improved sales prices. Shareholder returns approached $200 million.
Eagle Materials Inc. (NYSE: EXP) will announce its financial results for Q2 fiscal 2022, concluding on September 30, 2021, on October 28, 2021, before NYSE market opening. An investor conference call is scheduled for the same day at 8:30 AM ET. Participants can join by dialing (866) 370-6756 or (409) 350-3156 internationally, using conference ID 6359205. Eagle Materials, headquartered in Dallas, Texas, specializes in manufacturing and distributing Portland Cement, Gypsum Wallboard, Recycled Paperboard, and Concrete and Aggregates from over 70 facilities across the U.S.
Eagle Materials Inc. (NYSE: EXP) has announced a quarterly cash dividend of $0.25 per share, scheduled for payment on October 15, 2021. This dividend will be issued to stockholders of record as of the close of business on September 17, 2021. Eagle Materials operates more than 70 facilities across the US, specializing in the manufacturing and distribution of Portland Cement, Gypsum Wallboard, and Concrete products.
Eagle Materials reported a record revenue of $476 million for the first quarter of fiscal 2022, marking an 11% increase compared to the prior year. However, net earnings per diluted share declined by 3% to $2.25, primarily due to a previous $52 million gain on asset sales. The company repurchased approximately 426,000 shares during the quarter. The Heavy Materials segment saw a 3% revenue increase to $315 million, while Light Materials revenue rose 25% to $191 million, benefiting from strong demand and pricing.
Eagle Materials Inc. (NYSE: EXP) will report its financial results for Q1 FY2022, ending June 30, 2021, on July 28, 2021, before NYSE opening. An investor conference call will follow at 8:30 AM ET. Participants can join by dialing (866) 370-6756 for US & Canada or (409) 350-3156 for international callers, using conference ID 6818288. The call will also be accessible on Eagle Materials' website, where an archived webcast will be available. Eagle Materials operates over 70 facilities across the US, focusing on manufacturing and distributing construction materials.
Eagle Materials reported record financial results for fiscal year 2021, with revenues reaching $1.6 billion, up 16%. Net earnings soared 379% to $339 million, while diluted EPS from continuing operations increased 46% to $7.99. The company benefited from a $52 million gain on asset sales. Fourth quarter revenues were $343 million, a 12% rise, though net earnings fell 9% to $66 million. The Board decided against separating the company, citing strength in its combined assets. A quarterly dividend of $0.25 per share was reinstated, marking a 150% increase.
Eagle Materials Inc. (NYSE: EXP) is set to unveil its financial results for the fourth quarter and fiscal year ending March 31, 2021, on May 19, 2021, before the NYSE opens. An investor conference call will occur the same day at 8:30 AM ET. Participants can join by calling (866) 370-6756 for US & Canada or (409) 350-3156 for International attendees, using conference ID 8877759. Eagle Materials specializes in manufacturing Portland Cement, Gypsum Wallboard, Recycled Gypsum Paperboard, and Concrete and Aggregates from over 70 facilities nationwide.
Eagle Materials reported record third quarter revenue of $404.7 million, marking an 18% increase year-over-year. Diluted earnings per share rose 87% to $1.94, benefiting from prior year asset impairment charges. Key highlights include a 9% rise in wallboard shipments and a remarkable 28% increase in cement shipments, bolstered by the Kosmos Cement acquisition. The Heavy Materials sector saw a 21% revenue boost, and operating cash flow improved significantly. Despite COVID-19 uncertainties, the company maintains strong financial health and plans a spin-off of its Heavy and Light Materials businesses.
Eagle Materials Inc. (NYSE: EXP) reported record revenue of $447.7 million for Q2 FY2021, up 12% year-over-year. Diluted EPS from continuing operations reached $2.16, an increase of 20%, bolstered by a $5.9 million non-recurring tax benefit. The Heavy Materials sector saw a 15% revenue increase to $324.4 million, while Cement sales volume hit a record 2.2 million tons, up 23%. The sale of the Oil and Gas Proppants business yielded a $9 million gain. The planned spin-off of Heavy and Light Materials remains on track despite COVID-19 uncertainties.
Eagle Materials Inc. (NYSE: EXP) is set to announce its financial results for the second quarter of fiscal 2021 on October 29, 2020, before NYSE market open. An investor conference call will follow at 8:30 AM ET. Participants can join via phone or listen through the company's website, where a webcast archive will also be available. Eagle Materials specializes in manufacturing and distributing Portland Cement, Gypsum Wallboard, and other construction materials from over 70 facilities across the U.S., headquartered in Dallas, Texas.
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