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Sep 30, 2020
Eagle Materials Q2 2021 Earnings Report
Eagle Materials reported record revenue and earnings for Q2 2021, driven by strong housing market rebound and robust cement demand.
Key Takeaways
Eagle Materials reported a record second quarter with revenue reaching $447.7 million, a 12% increase, and diluted earnings per share from continuing operations up 20% to $2.16. The company benefited from a strong housing market and cement demand, achieving record cement sales volume. They also completed the sale of their Oil and Gas Proppants business.
Record second quarter revenue of $447.7 million, up 12%.
Record second quarter diluted earnings per share from continuing operations of $2.16, up 20%.
Wallboard shipments were up 6%, and cement shipments reached a record 2.2 million tons.
The company sold its Oil and Gas Proppants business in September.
Revenue by Segment
Forward Guidance
The company did not provide specific forward guidance in this report. The report mentions the company is closely monitoring the disruptions caused by the COVID-19 pandemic and their possible impact on our business in current and future periods. We continue to enforce strict health and safety protocols to protect our employees, customers and business partners, and we will continue to manage our cash flow prudently and protect our balance sheet.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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