Eagle Materials Q1 2022 Earnings Report
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
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