Welcome to our dedicated page for Eagle Matls news (Ticker: EXP), a resource for investors and traders seeking the latest updates and insights on Eagle Matls stock.
Introduction
Eagle Materials Inc (EXP) is a distinguished U.S. manufacturer and distributor of high-quality building materials that power a vast array of construction activities across the nation. Focused on producing essential products such as gypsum wallboard, portland cement, recycled paperboard, concrete, and aggregates, the company serves as a critical supplier for residential, commercial, industrial, and public infrastructure projects. By integrating specific industry keywords like construction, durability, and infrastructure, Eagle Materials Inc has established a formidable reputation in the building materials sector.
Business Segments and Operational Structure
The firm organizes its operations into two main sectors: Heavy Materials and Light Materials. The Heavy Materials sector focuses on products such as cement, concrete, and aggregates, which are pivotal in large-scale infrastructure development and industrial construction tasks. In contrast, the Light Materials sector specializes in gypsum wallboard and recycled paperboard, which are fundamental to interior construction, remodeling, and various building applications. This strategic segmentation allows Eagle Materials Inc to manage diverse product lines and align manufacturing processes closely with market demands.
Manufacturing Excellence and Distribution Capabilities
With a legacy that dates back to the 1960s, Eagle Materials Inc has honed a manufacturing process that emphasizes precision, quality, and efficiency. The company’s expansive production facilities are designed to optimize the manufacturing of building materials, ensuring that every product meets strict quality standards while supporting high-volume output. A robust distribution network enables the timely delivery of materials to multiple construction sites across the country, underscoring the company’s commitment to reliability and excellence. Strategic use of advanced production technologies and quality control techniques safeguards its operational consistency and reputation for excellence.
Market Position and Competitive Landscape
Eagle Materials Inc holds a significant position within the U.S. building materials industry, catering to an array of construction needs through its diversified portfolio. Its presence in both heavy and light materials markets provides a competitive edge by addressing a breadth of applications from structural foundations to interior finishes. The company’s operational model, coupled with its legacy of quality and reliability, positions it uniquely among competitors that often specialize in a narrower range of products. This diversification allows Eagle Materials Inc to mitigate risks associated with market fluctuations and maintain steady demand across various segments of the construction industry.
Product Portfolio and Industry Applications
The comprehensive product portfolio of Eagle Materials Inc is essential for modern construction practices. Its cement and concrete products form the backbone of structural development, while aggregates and recycled paperboard play critical roles in both new construction and repair works. Gypsum wallboard remains a favored choice for interior applications, recognized for its fire resistance, ease of installation, and cost-effectiveness. These products find application in multiple settings including commercial buildings, residential developments, and industrial facilities, demonstrating the company’s adaptability to diverse construction demands.
Expertise and Quality Assurance
The company's longstanding experience in the building materials industry is reflected in its rigorous quality assurance protocols and commitment to continuous improvement. Eagle Materials Inc employs industry-specific standards and employs high-caliber processes to ensure that each product not only meets but often exceeds the stringent requirements set by modern construction projects. This adherence to quality and innovation underscores the company’s depth of expertise and its ability to support the evolving demands of the construction sector.
Strategic Value Proposition
Eagle Materials Inc stands out due to its diversified product offerings and its systematic approach to serving the construction market. The integration of heavy and light materials within a single operational framework allows the company to effectively meet varied project requirements, from foundational support to finishing touches. Its consistent focus on quality, coupled with a broad distribution network, reinforces its strategic value and importance in the U.S. market. By aligning its operations with core industry needs, the company has effectively cemented its role as a reliable supplier within a dynamic construction landscape.
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.
FAQ
What is the current stock price of Eagle Matls (EXP)?
What is the market cap of Eagle Matls (EXP)?
What core products does Eagle Materials Inc produce?
How is the company organized in terms of its business segments?
What industries benefit from Eagle Materials Inc's products?
How does Eagle Materials Inc ensure product quality?
What differentiates Eagle Materials Inc from its competitors?
How vital is the company’s distribution network to its operations?
Does Eagle Materials Inc cater to both new construction and renovation projects?
What role does Eagle Materials Inc play in the U.S. infrastructure development?
