Loading...
•
Dec 31, 2019
Eagle Materials Q3 2020 Earnings Report
Eagle Materials' financial performance for Q3 2020, marked by a revenue increase and challenges from asset impairments, was announced.
Key Takeaways
Eagle Materials reported a 5% increase in revenue to $350.2 million for the third quarter of fiscal year 2020. However, the company experienced a net loss of $114.6 million, primarily due to asset impairments of $224.3 million related to the Oil and Gas Proppants business. Adjusted earnings per share were $1.51, up 22%.
Revenue increased by 5% to $350.2 million.
Net loss per diluted share was $2.77, a decrease of 323%.
Adjusted earnings per share increased by 22% to $1.51.
Cement sales volume increased by 7% to a record 1.4 million tons.
Revenue by Segment
Forward Guidance
The outlook for calendar year 2020 is positive.
Positive Outlook
- Demand for building materials and construction products will continue to be supported by several advantageous market dynamics.
- Ongoing growth in jobs.
- High consumer confidence.
- Low interest rates.
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
Loading earnings performance data...
Loading earnings reaction data...