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Jun 30, 2023
Eagle Materials Q1 2024 Earnings Report
Eagle Materials reported record first quarter results with EPS growth of 24%.
Key Takeaways
Eagle Materials Inc. reported record first quarter results for fiscal 2024. Revenue reached a record $601.5 million, up 7%, and net earnings were $120.8 million, a 15% increase. Net earnings per diluted share rose by 24% to $3.40, and adjusted EPS increased by 26% to $3.55.
Record Revenue of $601.5 million, up 7%
Record Net Earnings of $120.8 million, up 15%
Record Net Earnings per diluted share of $3.40, up 24%
Adjusted net earnings per share (Adjusted EPS) of $3.55, up 26%
Revenue by Segment
Forward Guidance
Looking ahead, Eagle Materials expects demand for cement to remain steady, driven by infrastructure and heavy industrial projects. Residential construction activity is expected to remain resilient.
Positive Outlook
- Demand for cement to remain steady driven by infrastructure and heavy industrial projects.
- Residential construction activity remains resilient as the market balances interest rate-related affordability challenges with chronic supply shortages and strong demand.
- Eagle’s balance sheet strength.
- Favorable geographic positioning of our operations.
- Consistent operational and strategic execution.
Challenges Ahead
- Cyclical and seasonal nature of the Company’s businesses
- Fluctuations in public infrastructure expenditures
- Adverse weather conditions
- Fluctuations in the cost of raw materials
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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