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Sep 30, 2021

Eagle Materials Q2 2022 Earnings Report

Eagle Materials achieved record revenue and earnings per share, with improved gross profit margins driven by strong market conditions and team execution.

Key Takeaways

Eagle Materials reported a strong second quarter with record revenue of $510 million, up 14%, and net earnings per share of $2.46, up 6%. Adjusted EPS was $2.73, a 26% increase. Gross profit margins improved to 30.5%. The company refinanced its capital structure and returned nearly $200 million to shareholders through dividends and share repurchases.

Record revenue of $510 million, up 14%.

Record net earnings per share of $2.46, up 6%.

Adjusted net earnings per share of $2.73, up 26%.

Gross profit margins improved 310 basis points to 30.5%.

Total Revenue
$510M
Previous year: $448M
+13.9%
EPS
$2.73
Previous year: $2.02
+35.1%
Cement Avg Net Price
$118
Previous year: $112
+5.5%
Gypsum Volume (MMSF)
736M
Previous year: 720M
+2.2%
Gypsum Avg Net Price
$191
Previous year: $143
+33.1%
Gross Profit
$155M
Previous year: $123M
+26.4%
Cash and Equivalents
$45.2M
Previous year: $201M
-77.5%
Free Cash Flow
$135M
Previous year: $248M
-45.4%
Total Assets
$2.62B
Previous year: $2.87B
-8.8%

Eagle Materials

Eagle Materials

Eagle Materials Revenue by Segment

Forward Guidance

We are well-positioned for a strong second half of fiscal 2022 and remain committed to delivering sustainable growth and superior shareholder value.

Revenue & Expenses

Visualization of income flow from segment revenue to net income