Earnings ·
Eagle Materials Inc. reported financial results for the first quarter of fiscal 2027 ended June 30, 2026
EXPEagle Materials Inc
Eagle Materials Inc. reported financial results for the first quarter of fiscal 2027 ended June 30, 2026. The company achieved record revenue of $651.0 million, a 3% increase year-over-year, driven by an 8% rise in cement sales volume to a record 2.1 million tons. Net earnings declined 17% to $102.1 million, or $3.29 per diluted share, down from $123.4 million and $3.76 per share in the prior year period. Adjusted EBITDA fell 11% to $190.5 million due to higher operating costs, including a $6 million impact from an equipment failure at the Mountain Cement facility and elevated diesel prices. Cash flow from operations increased 13% to $154 million. The company repurchased approximately $84 million of common stock during the quarter and ended with net debt of $1.5 billion and a net leverage ratio of 2.1x. Eagle Materials Inc. is a leading U.S. manufacturer of heavy construction products, primarily Portland Cement and Gypsum Wallboard.