Earnings ·
Eagle Materials reports Q2 net earnings of $111.5 million on record revenue of $652.7 million
EXPEagle Materials Inc
Eagle Materials Inc. reported second-quarter fiscal 2027 results ending September 30, 2026, with record revenue of $652.7 million and net earnings of $111.5 million, or $3.63 per diluted share. Adjusted EBITDA came in at $202.7 million. The company repurchased approximately $62 million worth of common stock during the quarter, bringing year-to-date buybacks to $146.0 million. Heavy Materials revenue rose 2% to $477.8 million despite a 12% decline in operating earnings due to higher diesel and labor costs. Light Materials revenue increased 2% to $216.4 million, though operating earnings fell 13%. The company ended the quarter with net debt of $1.5 billion and a leverage ratio of 2.1x. Eagle Materials Inc. is a leading U.S. manufacturer of heavy construction products like cement and light building materials such as gypsum wallboard.