Exhibit 99.1 | --- | --- | --- | |-------|-------|----------------------------------------| | | | | | | | Contact at 214-432-2000 | | | | Michael R. Haack | | | | President and CEO | | | | D. Craig Kesler | | | | Executive Vice President & CFO | | | | Alex Haddock | | LOGO | | Senior Vice President | News For Immediate Release EAGLE MATERIALS REPORTS SECOND QUARTER RESULTS DALLAS, TX (October 29, 2024) Eagle Materials Inc. (NYSE: EXP) today reported financial results for the second quarter of fiscal 2025 en ...

Uncertainties in the macroeconomic landscape, weather-related issues, and increased labor costs pose challenges for the Zacks Building Products - Concrete & Aggregates industry. Nonetheless, an uptick in spending on infrastructure and public construction is set to continue driving growth in the industry. The industry is also poised to benefit from improvements in the single-family residential construction market and advantageous pricing dynamics amid difficult conditions. Companies like Vulcan Materials Com ...

EAGLE MATERIALS INC. AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF EARNINGS (unaudited) See Notes to Unaudited Consolidated Financial Statements. | --- | --- | --- | --- | --- | |----------------------------------------------------|--------------|------------------------------------------------------------------------------|---------------------|---------------------------------------------------------| | Revenue | (dollars \n$ | For the Three Months \n2024 \n in thousands, except \n608,689 | Ended \nshare \n ...

Financial Data and Key Metrics Changes - The company reported record revenue of $609 million, representing a 1% increase compared to the previous year [11][36] - Earnings per share reached a record $3.94, marking a 16% increase from the prior year, driven by higher earnings and a reduction in fully diluted shares due to the share buyback program [11][37] - Operating cash flow decreased by 6% to $133 million, reflecting improved earnings offset by increased working capital [23] Business Line Data and Key Metrics Changes - In the Heavy Materials sector, revenue increased by 1%, primarily due to higher cement sales prices [37] - The Light Materials sector saw a 2% increase in revenue, attributed to higher wallboard sales prices and record recycled paperboard sales volume [22] - Operating earnings in the Light Materials sector increased by 5% to $102 million, reflecting higher net sales prices and lower input costs [22] Market Data and Key Metrics Changes - The company noted that weather impacted construction projects across all regions, delaying construction fees to varying degrees [2] - The demand for cement remains strong, supported by years of public infrastructure spending driven by the IIJA bill [30] - The existing housing stock in the US continues to age, contributing to a favorable long-term demand profile for the wallboard business [17] Company Strategy and Development Direction - The company is committed to strengthening its core businesses through both organic investments and M&A opportunities [3] - There is a focus on sustainability, with efforts to transition to Portland Limestone Cement and other blended products to reduce CO2 intensity [29] - The company plans to expand and upgrade its Mountain Cement facility to enhance efficiency and maintain its low-cost producer position [14] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in maintaining superior margin performance despite uncertainties in the market [5] - The outlook for the wallboard business is less predictable, depending on economic conditions and policy responses [32] - The company anticipates a busy second half of the year, with strong demand visibility for cement driven by infrastructure projects [78] Other Important Information - The company has a healthy balance sheet, with a net debt-to-cap ratio of 44% and a net debt-to-EBITDA leverage ratio of 1.3 times [38] - Capital spending decreased to $33 million, with share repurchases totaling 348,000 shares for $85.5 million [23] Q&A Session Summary Question: What are the impacts of rising inventory levels on builder customers? - Management indicated that wallboard is a perishable product, and inventory levels are not significantly concerning, although weather has caused some delays in South Texas [44] Question: Can you provide an update on hedging efforts with natural gas? - The company is approximately 40% hedged for the remainder of fiscal 2025, benefiting from lower gas prices [40] Question: What is the outlook for cement pricing in the second half of the year? - Management expects limited second-round price increases due to the delayed start of the construction season, but pricing remains stable [66] Question: How is the company managing costs in light of weather impacts? - The company successfully managed costs during the quarter despite challenging weather conditions, and expects to continue this trend [57] Question: What is the expected impact of weather on cement volumes? - Weather has delayed projects, but management believes there will be opportunities to make up for lost volumes in the second half of the year [83]

For the quarter ended June 2024, Eagle Materials (EXP) reported revenue of $608.69 million, up 1.2% over the same period last year. EPS came in at $3.94, compared to $3.55 in the year-ago quarter. The reported revenue represents a surprise of -0.09% over the Zacks Consensus Estimate of $609.21 million. With the consensus EPS estimate being $3.57, the EPS surprise was +10.36%. While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Stre ...

First Quarter Fiscal 2025 Earnings Release and Conference Call 2 Continued disciplined execution on strategic initiatives — Maintained industry-leading safety record — Initiated construction on Laramie, WY cement plant modernization and expansion July 30, 2024 Forward-Looking Statements. This presentation contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934 and the Private Securities Litigation Reform Act of 1 ...

Eagle Materials (EXP) came out with quarterly earnings of $3.94 per share, beating the Zacks Consensus Estimate of $3.57 per share. This compares to earnings of $3.55 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 10.36%. A quarter ago, it was expected that this maker of gypsum wallboard and cement would post earnings of $2.72 per share when it actually produced earnings of $2.24, delivering a surprise of -17.65%. Over the l ...

EXHIBIT 99.1 EAGLE MATERIALS REPORTS RECORD FIRST QUARTER RESULTS WITH 16% EPS GROWTH Contact at 214-432-2000 Michael R. Haack President & CEO D. Craig Kesler Executive Vice President & CFO Alex Haddock Senior Vice President News For Immediate Release DALLAS, TX (July 30, 2024) Eagle Materials Inc. (NYSE: EXP) today reported financial results for the first quarter of fiscal 2025 ended June 30, 2024. Notable items for the quarter are highlighted below. (Unless otherwise noted, all comparisons are with the pr ...

Eagle Materials (EXP) is expected to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended June 2024. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price. The earnings report, which is expected to be released on July 30, 2024, might help the stock move higher if these key numbers are better than e ...

The best way to invest is to pursue rigorous personal research and find quality ideas. However, it's equally important to look at what some of the big investors are doing. Some of the best investing ideas might come from following the portfolio of legendary investors. Before taking a big plunge, these investors have pursued ample due diligence. With this overview, the focus of this column is on Seth Klarman value stocks to buy. For Q1 2024, Alphabet reported revenue growth of 15% on a year-on-year basis to ...