Eagle Materials Q2 2023 Earnings Report
Key Takeaways
Eagle Materials reported record second quarter results, with revenue of $605 million and EPS of $3.72. Price increases offset cost inflation, and construction activity remained healthy. The company invested in strategic growth and returned capital to shareholders.
Record Revenue of $605 million, up 19%.
Record Net Earnings of $139 million, up 36%, and Net Earnings per share of $3.72, up 51%.
Adjusted EBITDA of $227 million, up 21%.
Repurchased 840,000 shares of Eagle’s common stock for $101 million.
Eagle Materials
Eagle Materials
Eagle Materials Revenue by Segment
Forward Guidance
Despite actions taken by the federal reserve to increase interest rates and possible recessionary conditions, we believe we are well-positioned in our principal markets for the second half of fiscal 2023.
Revenue & Expenses
Visualization of income flow from segment revenue to net income