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Dec 31, 2020

Eagle Materials Q3 2021 Earnings Report

Eagle Materials reported third quarter results with EPS of $1.94 on revenue of $405 million.

Key Takeaways

Eagle Materials reported a record third quarter revenue of $404.7 million, up 18%. Diluted earnings per share from continuing operations were $1.94, up 87%. The company's wallboard shipments were up 9%, a third quarter record for American Gypsum, and cement shipments were up 28%.

Record third quarter revenue of $404.7 million, up 18%.

Diluted earnings per share from continuing operations of $1.94, up 87%.

Wallboard shipments were up 9%, a third quarter record for American Gypsum.

Cement shipments were up 28%, reflecting the strong performance of the recently acquired Kosmos Cement Business and the strength of core markets.

Total Revenue
$405M
Previous year: $350M
+15.5%
EPS
$1.94
Previous year: $1.51
+28.5%
Cement Avg Net Price
$112
Previous year: $110
+1.7%
Gypsum Volume (MMSF)
727M
Previous year: 669M
+8.7%
Gypsum Avg Net Price
$148
Previous year: $146
+1.0%
Gross Profit
$113M
Previous year: $87.5M
+29.6%
Cash and Equivalents
$143M
Previous year: $126M
+13.1%
Free Cash Flow
$179M
Previous year: $112M
+59.8%
Total Assets
$2.73B
Previous year: $2.13B
+27.9%

Eagle Materials

Eagle Materials

Eagle Materials Revenue by Segment

Forward Guidance

The company continues to closely monitor the disruptions caused by the COVID-19 pandemic and their possible impact on our business in current and future periods. We also 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