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Mar 31, 2024
Eagle Materials Q4 2024 Earnings Report
Eagle Materials reported a slight increase in revenue but a decrease in net earnings and diluted earnings per share for Q4 2024, while facing adverse weather conditions and increased maintenance costs.
Key Takeaways
Eagle Materials reported a 1% increase in revenue to $476.7 million for Q4 2024, but net earnings decreased by 23% to $77.1 million and diluted earnings per share decreased by 20% to $2.24. The results were affected by adverse weather conditions and increased maintenance costs, particularly in the Cement and Concrete and Aggregates segments.
Revenue increased by 1% to $476.7 million.
Net earnings decreased by 23% to $77.1 million.
Diluted earnings per share decreased by 20% to $2.24.
Cement and Concrete and Aggregates results were affected by adverse weather conditions and increased maintenance costs.
Revenue by Segment
Forward Guidance
Eagle Materials anticipates solid underlying fundamentals in its markets during fiscal 2025, supported by large-scale infrastructure spending, domestic manufacturing projects, and increased residential construction activity.
Positive Outlook
- Large-scale infrastructure spending should support strong demand for cement.
- Domestic manufacturing projects should support strong demand for cement.
- Increased residential construction activity is anticipated as mortgage rates stabilize.
- The well-documented housing supply shortage continues.
- Geographical footprint across the U.S. heartland and fast-growing Sun Belt region positions the company to capitalize on market dynamics.
Challenges Ahead
- Cement results were affected by increased maintenance costs in Q4.
- Adverse weather conditions affected Cement and Concrete and Aggregates results in Q4.
- Potential risks associated with economic conditions, including inflation and recessionary conditions.
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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