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Dec 31, 2024

Eagle Materials Q3 2025 Earnings Report

Reported third quarter results with revenue of $558.0 million and adjusted EPS of $3.59.

Key Takeaways

Eagle Materials reported third quarter fiscal 2025 results with revenue of $558.0 million, net earnings of $119.6 million, and adjusted EPS of $3.59. The company faced adverse weather conditions in the Midwest and Great Plains markets, but achieved higher sales volume in Gypsum Wallboard and Recycled Paperboard. Eagle Materials also announced the acquisition of Bullskin Stone and Lime, LLC, and returned $63 million of cash to shareholders through share repurchases and dividends.

Revenue reached $558.0 million.

Net earnings totaled $119.6 million.

Net earnings per share were $3.56.

Adjusted EPS was $3.59.

Total Revenue
$558M
Previous year: $559M
-0.1%
EPS
$3.59
Previous year: $3.72
-3.5%
Cement Avg Net Price
$157
Previous year: $151
+3.6%
Gypsum Volume (MMSF)
737M
Gypsum Avg Net Price
$236
Previous year: $228
+3.7%
Gross Profit
$178M
Previous year: $181M
-1.6%
Cash and Equivalents
$31.2M
Previous year: $48.9M
-36.3%
Free Cash Flow
$72.5M
Previous year: $165M
-56.1%
Total Assets
$3.04B
Previous year: $2.89B
+5.3%

Eagle Materials

Eagle Materials

Eagle Materials Revenue by Segment

Forward Guidance

While the path to lower interest rates and improved home-buying affordability is less certain today, we remain optimistic about our businesses and our ability to execute on the opportunities in front of us. Steady employment, housing supply that remains chronically short, and our cost-structure advantages continue to provide favorable conditions for our Gypsum Wallboard business in this dynamic environment. On the cement side, spending from the Infrastructure Investment and Jobs Act (IIJA) is still in the beginning phases, which should support multiple years of strong cement demand.

Positive Outlook

  • Steady employment
  • Housing supply remains chronically short
  • Cost-structure advantages
  • Infrastructure Investment and Jobs Act (IIJA) spending
  • Multiple years of strong cement demand

Challenges Ahead

  • Uncertain path to lower interest rates
  • Uncertain path to improved home-buying affordability
  • Ongoing adverse weather in Midwest and Great Plains markets
  • Excessive rainfall affected sales volume in Cement and Concrete and Aggregates businesses
  • Increase in Cement maintenance costs

Revenue & Expenses

Visualization of income flow from segment revenue to net income