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Dec 31, 2021
Eagle Materials Q3 2022 Earnings Report
Eagle Materials reported record EPS and increased revenue due to strength in construction activity and team execution amidst supply chain challenges.
Key Takeaways
Eagle Materials reported a 14% increase in revenue to $463 million and a 30% increase in diluted EPS to $2.53. The company repurchased 1.2 million shares of its common stock for $188 million, demonstrating a commitment to returning value to shareholders. Positive demand trends across the geographic footprint, driven by increased residential construction activity and expanded infrastructure investment, are expected to support growing construction activity and attractive pricing.
Revenue increased by 14% to $463 million.
Diluted EPS from continuing operations increased by 30% to a record $2.53.
1.2 million shares of Eagle's common stock were repurchased for $188 million.
The company achieved its best safety performance in its history during the first nine months of the fiscal year.
Eagle Materials
Eagle Materials
Eagle Materials Revenue by Segment
Revenue by Segment
Cement Revenue
CapyFin.comConcrete & Aggregates Revenue
CapyFin.comGypsum Wallboard Revenue
CapyFin.comRecycled Paperboard Revenue
CapyFin.com Forward Guidance
The company expects positive demand trends across its geographic footprint, driven by increased residential construction activity and expanded infrastructure investment. These trends should support growing construction activity and contribute to attractive pricing across the heavy and light materials businesses.
Positive Outlook
- Positive demand trends across the geographic footprint.
- Increased residential construction activity.
- Expanded infrastructure investment.
- Growing construction activity.
- Attractive pricing across heavy and light materials businesses.
Challenges Ahead
- Cyclical and seasonal nature of the businesses.
- Adverse weather conditions.
- Fluctuations in commodity prices.
- Availability of raw materials.
- Changes in energy costs.
Revenue & Expenses
Visualization of income flow from segment revenue to net income