Eagle Materials Q3 Earnings & Revenues Miss, Adjusted EBITDA Down

Core Insights - Eagle Materials Inc. reported disappointing third-quarter fiscal 2025 results, with adjusted earnings and revenues missing estimates and declining year over year [1][4]. Financial Performance - Adjusted earnings per share were $3.59, missing the Zacks Consensus Estimate of $4.00 by 10.3%, down from $3.72 in the same quarter last year [4]. - Total revenues were $558 million, lagging behind the consensus mark of $580 million by 3.8% and showing a slight decline of 0.1% year over year [4]. - Gross profit decreased to $177.8 million from $180.6 million in the previous year, primarily due to higher operating costs and lower sales volume, although partially offset by higher gross sales prices [5]. - Adjusted EBITDA was $208.8 million, down from $218.6 million reported a year ago [5]. Segment Performance - Heavy Materials segment revenues declined by 4% year over year to $351.8 million, with operating earnings down 20% to $85.4 million [6]. - Light Materials segment revenues increased to $241.7 million from $226.9 million year over year, with operating earnings rising to $97.4 million from $82.6 million [7]. Balance Sheet and Shareholder Actions - As of December 31, 2024, cash and cash equivalents were $31.2 million, down from $34.9 million at the end of fiscal 2024, while long-term debt increased to $85.6 million from $71 million [8]. - The company repurchased approximately 195,000 shares for a total of $55 million during the quarter [8].