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Dec 31, 2023
Eagle Materials Q3 2024 Earnings Report
Eagle Materials reported record third quarter results with a 16% EPS growth.
Key Takeaways
Eagle Materials Inc. reported record revenue of $558.8 million, a 9% increase year-over-year, and record net earnings of $129.1 million, up 10% compared to the prior year's fiscal third quarter. The company's net earnings per share increased by 16% to $3.72.
Record Revenue of $558.8 million, up 9%.
Record Net Earnings of $129.1 million, up 10%.
Net Earnings per share of $3.72, up 16%.
Adjusted EBITDA of $218.6 million, up 10%.
Revenue by Segment
Forward Guidance
Eagle Materials is well-positioned for long-term growth due to its heartland geographic footprint, population growth trends, housing production deficits, supply shortages, and infrastructure spending.
Positive Outlook
- Heartland geographic footprint remains well-positioned for long-term growth.
- Trends in population growth support long-term growth.
- Well-documented housing production deficits and supply shortages.
- Multi-year federal highway bill further enhanced by state-level infrastructure spending.
- Portfolio of businesses will continue to deliver leading financial results.
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
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