Eagle Materials Reports Second Quarter Results
Key Highlights
- ➤Revenue $652.7 million, a quarterly record, increased 2% year over year
- ➤Net earnings $111.5 million; diluted EPS $3.63
- ➤Heavy Materials operating earnings declined 12% to $113.0 million
- ➤Light Materials operating earnings declined 13% to $68.3 million
- ➤Eagle repurchased 304,881 shares for approximately $62 million
Expert Statements
Michael Haack, President and Chief Executive Officer of Eagle Materials
“Eagle’s businesses continued to perform well during the quarter despite a challenging operating environment characterized by elevated diesel fuel prices and higher interest rates driven by ongoing macroeconomic and geopolitical uncertainty.”
Michael Haack, President and Chief Executive Officer of Eagle Materials
“While spending on public infrastructure and large private non-residential construction projects continued to support demand for our Heavy Materials products, elevated interest rates placed additional pressure on an already challenging residential construction market.”
Michael Haack, President and Chief Executive Officer of Eagle Materials
“At the same time, higher diesel fuel prices increased transportation costs across all our business lines.”
Michael Haack, President and Chief Executive Officer of Eagle Materials
“Against this backdrop, our teams remained focused on employee safety, operational execution, serving our customers, and disciplined capital allocation.”
Michael Haack, President and Chief Executive Officer of Eagle Materials
“During the first half of our fiscal year, we continued to invest in our businesses while returning capital to shareholders.”
Michael Haack, President and Chief Executive Officer of Eagle Materials
“We ended the quarter with debt of $1.8 billion, net debt of $1.5 billion, and a net leverage ratio (net debt to Adjusted EBITDA) of 2.1x, providing substantial financial flexibility to support our disciplined capital allocation strategy.”
Michael Haack, President and Chief Executive Officer of Eagle Materials
“While higher interest rates, broader economic uncertainty, and evolving geopolitical conditions may continue to affect construction activity in the near term, we remain focused on the factors within our control.”
Michael Haack, President and Chief Executive Officer of Eagle Materials
“Our businesses are operating well, and our favorable market positions, low-cost operations, financial flexibility, and continued disciplined investments in our people and operations position Eagle to navigate changing market conditions and create value for shareholders over the long term.”
Eagle Materials Inc. (NYSE: EXP) today reported financial results for the second quarter of fiscal 2027 ended September 30, 2026. Notable items for the quarter are highlighted below (unless otherwise noted, all comparisons are with the prior year’s fiscal second quarter):
* Adjusted EBITDA is a non-GAAP financial measure calculated by excluding non-routine items and certain non-cash expenses in the manner described in Attachment 6
Get started
Create a free account to read the full story.