Eagle Materials Inc. (NYSE:EXP) Q4 2024 Earnings Call Transcript May 21, 2024 8:30 AM ET Company Participants Michael Haack - President and CEO Craig Kesler - CFO Conference Call Participants Trey Grooms - Stephens Stanley Elliott - Stifel Brent Thielman - D.A. Davidson Anthony Pettinari - Citi Jerry Revich - Goldman Sachs Adam Thalhimer - Thompson Davis Phil Ng - Jefferies Operator Good day, everyone, and welcome to Eagle Materials Fourth Quarter and Fiscal 2024 Earnings Conference Call. This call is being ...

MAY 21, 2024 Forward-Looking Statements winter storms, tornados and hurricanes) and their effects on our facilities, operations and contractual arrangements with third parties; competition; cyber-attacks or data security breaches; increases in capacity in the gypsum wallboard and cement industries; changes in the demand for residential housing construction or commercial construction or construction projects undertaken by state or local governments; the availability of acquisitions or other growth opportunit ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ANNUAL REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the Fiscal Year Ended March 31, 2024 Commission File No. 1-12984 EAGLE MATERIALS INC. (Exact name of registrant as specified in its charter) Delaware (State of Incorporation) 75-2520779 (I.R.S. Employer Identification No.) 5960 Berkshire Lane, Suite 900, Dallas, Texas 75225 (Address of principal executive offices) (214) 432-2000 (Registran ...

EXP expects solid fundamentals in fiscal 2025 markets. Large-scale infrastructure spending and domestic manufacturing projects should boost cement demand. Stabilizing mortgage rates and a housing supply shortage are anticipated to increase residential construction activity. EXP is well-positioned to capitalize on these trends due to its geographical footprint across the U.S. heartland and the Sun Belt. Inside the Headlines Eagle Materials reported earnings of $2.24 per share, missing the Zacks Consensus Est ...

Key Points Shares of Eagle Materials Inc. NYSE: EXP are trading lower by more than 7% on Tuesday's morning trading session; the reaction resulted from the company's first quarter 2024 release, which left some investors scratching their heads, to say the least. It's not often that markets get this disconnected from the fundamentals of a business, and this selloff could be more profit-taking rather than bailing out of the stock. As investors will find out by digging into the financial results in just a bit, t ...

Eagle Materials (EXP) reported $476.71 million in revenue for the quarter ended March 2024, representing a year-over-year increase of 1.4%. EPS of $2.24 for the same period compares to $2.79 a year ago. Shares of Eagle Materials have returned +4.9% over the past month versus the Zacks S&P 500 composite's +7.1% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term. Average Net Sales Price - Gypsum Wallboard: $232.62 versus $2 ...

Eagle Materials (EXP) came out with quarterly earnings of $2.24 per share, missing the Zacks Consensus Estimate of $2.72 per share. This compares to earnings of $2.79 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of -17.65%. A quarter ago, it was expected that this maker of gypsum wallboard and cement would post earnings of $3.56 per share when it actually produced earnings of $3.72, delivering a surprise of 4.49%. Over the la ...

EXHIBIT 99.1 Contact at 214-432-2000 Michael R. Haack President and CEO D. Craig Kesler Executive Vice President and CFO Alex Haddock Vice President, Investor Relations News For Immediate Release EAGLE MATERIALS ANNOUNCES FOURTH QUARTER AND FISCAL YEAR 2024 RESULTS Achieved Record Annual Revenue and Profitability Announced Heavy Materials Organic Growth Initiatives Well-Positioned Capital Structure Supports Growth and Disciplined Capital Allocation DALLAS, TX (May 21, 2024) Eagle Materials Inc. (NYSE: EXP) ...

Eagle Materials Inc. (EXP) has announced an ambitious plan to modernize and expand its Laramie, WY cement plant, enhancing its production capacity and operational efficiency. This initiative includes upgrading the existing plant and establishing an additional cement distribution facility in Northern Colorado. The modernized facility will serve several markets, including Northern Colorado, Nebraska, Utah, and Wyoming. Boosting Capacity and Efficiency The modernization project is set to increase the plant's a ...

The upcoming report from Eagle Materials (EXP) is expected to reveal quarterly earnings of $2.72 per share, indicating a decline of 2.5% compared to the year-ago period. Analysts forecast revenues of $478.6 million, representing an increase of 1.8% year over year. Analysts forecast 'Revenue- Heavy Materials- Cement (Wholly Owned)' to reach $183.25 million. The estimate indicates a year-over-year change of +6.1%. Based on the collective assessment of analysts, 'Total Revenue- Heavy Materials' should arrive a ...