Eagle Materials Q4 2022 Earnings Report
Key Takeaways
Eagle Materials reported record fiscal year 2022 and fiscal fourth quarter results. Record revenue of $1.9 billion, up 15%. Record EPS of $9.14, up 14%. The Board of Directors has authorized the repurchase of an additional 7.5 million shares of its common stock.
Record revenue of $413.1 million, up 20%
Net Earnings of $74.3 million, up 13%
Diluted earnings per share from continuing operations of $1.90, up 22%
Adjusted EBITDA from Continuing Operations of $132.2 million, up 7%
Eagle Materials
Eagle Materials
Eagle Materials Revenue by Segment
Forward Guidance
Eagle is well-positioned, both financially and geographically, to capitalize on the underlying demand fundamentals that are expected to support steady and sustainable construction activity growth over the near- and long-term.
Positive Outlook
- Infrastructure investment should increase in the latter part of our fiscal year, as federal funding from the recently enacted Infrastructure Investment and Jobs Act begins in earnest.
- Housing demand remains strong across our geographies, outpacing the supply of homes.
- Nonresidential construction activity is also picking up.
- Eagle remains dedicated to a disciplined capital allocation process to enhance shareholder value.
- Allocation priorities remain unchanged, including investing in growth opportunities, operating capital investments, and returning excess cash to shareholders.
Challenges Ahead
- Transportation disruptions
- Supply chain constraints
- Continuing to navigate the COVID-19 pandemic
- Increases in interest rates
- Adverse weather conditions
Revenue & Expenses
Visualization of income flow from segment revenue to net income