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Mar 31, 2023
Eagle Materials Q4 2023 Earnings Report
Eagle Materials reported record fourth quarter and fiscal year 2023 results, with revenue up 14% and EPS up 47%.
Key Takeaways
Eagle Materials Inc. reported record fourth-quarter revenue of $470.1 million, a 14% increase, and record EPS of $2.79, up 47%. The company's net earnings were $100.4 million, up 35%.
Record fourth quarter revenue of $470.1 million, up 14%.
Net earnings of $100.4 million, up 35%.
Record diluted earnings per share of $2.79, up 47%.
Adjusted EBITDA of $171.7 million, up 30%.
Revenue by Segment
Forward Guidance
The company anticipates continued attractive fundamentals in its markets, despite headwinds relating to higher interest rates and affordability constraints in single-family residential construction.
Positive Outlook
- Projected funding increases for infrastructure projects.
- Healthy demand for heavy industrial projects.
- Healthy demand for multi-family residential construction.
- Geographical footprint across the US heartland and fast-growing Sunbelt.
- Financial strength and flexibility.
Challenges Ahead
- Headwinds relating to higher interest rates.
- Affordability constraints in single-family residential construction.
- Cyclical and seasonal nature of the Company’s businesses
- Fluctuations in public infrastructure expenditures
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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