Eagle Materials Inc

EXP

Equity

ISIN US26969P1084 / Valor 1757471

New York Stock Exchange, Inc (2024-12-26)

USD 251.92+0.68%

Eagle Materials Inc
UMushroom community rating:

0.00 0 votes No rating yet

NegativeNeutralPositive

About company

Eagle Materials Inc. is a prominent US manufacturer of essential construction materials utilized in various sectors including residential, commercial, industrial, infrastructure, and energy applications. The company's products play a crucial role in the development and maintenance of buildings, roads, bridges, and other structures across the country. With a focus on quality and innovation, Eagle Materials Inc. has established itself as a key player in the construction materials industry, providing reliable and durable products to meet the needs of its customers.

Summarized from source with an LLMView SourceSector: Industrials

Record Annual Revenue

Eagle Materials Inc. reported record revenue of $2.3 billion for the fiscal year 2024, marking a 5% increase compared to the previous year. This achievement underscores the company's strong market position and effective growth strategies.

Net Earnings and EPS

For fiscal year 2024, Eagle Materials Inc. achieved record net earnings of $477.6 million, reflecting a 3% increase. The company also reported a record diluted earnings per share (EPS) of $13.61, up 9% from the prior year, highlighting improved profitability.

Fourth Quarter Performance

In the fourth quarter of fiscal 2024, Eagle Materials Inc. generated revenue of $476.7 million, a 1% increase. However, net earnings for the quarter were $77.1 million, down 23%, with diluted EPS decreasing by 20% to $2.24, primarily due to adverse weather conditions and increased maintenance costs.

Share Repurchase Program

During fiscal year 2024, Eagle Materials Inc. repurchased 1.9 million shares of its common stock for $343 million. In the fourth quarter alone, the company repurchased 388,534 shares for $94 million, demonstrating its commitment to returning value to shareholders.

Outlook and Strategic Initiatives

Eagle Materials Inc. remains optimistic about fiscal 2025, expecting strong demand driven by infrastructure spending and residential construction. The company is also investing in growth initiatives, including a new slag-cement facility in Houston and the modernization of its Mountain Cement facility, to enhance its market position and operational efficiency.

Summarized from source with an LLMView Source

Key figures

22.8%1Y

54.0%3Y

176%5Y

Performance

31.2%1Y

31.7%3Y

40.3%5Y

Volatility