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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%.
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 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
- Adverse weather conditions
Revenue & Expenses
Visualization of income flow from segment revenue to net income