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Jun 30, 2021
Eagle Materials Q1 2022 Earnings Report
Eagle Materials reported record revenue and strong market demand across its business lines.
Key Takeaways
Eagle Materials reported record revenue of $476 million, up 11% year-over-year. Net earnings per diluted share were $2.25, a decrease of 3%. The company's Wallboard business benefited from strong residential construction, and the Cement business benefited from infrastructure spending.
Achieved record revenue of $476 million, an 11% increase year-over-year.
Net earnings per diluted share were $2.25, down 3% compared to the prior year.
Gross margin increased to 26.6%, a 260 basis point improvement.
Completed the issuance of $750 million of 10-year senior notes and restarted the share repurchase program.
Eagle Materials
Eagle Materials
Eagle Materials Revenue by Segment
Revenue by Segment
Cement Revenue
CapyFin.comConcrete & Aggregates Revenue
CapyFin.comGypsum Wallboard Revenue
CapyFin.comRecycled Paperboard Revenue
CapyFin.com Forward Guidance
Eagle Materials expects underlying market conditions to remain strong as the US economy recovers and is well-positioned to benefit from this growth.
Positive Outlook
- Underlying market conditions are expected to remain strong.
- The US economy is recovering.
- The company is well-positioned to benefit from growth.
- Completed the issuance of $750 million of 10-year senior notes.
- Share repurchase program restarted.
Revenue & Expenses
Visualization of income flow from segment revenue to net income