Core Insights - Eagle Materials reported revenue of $470.18 million for the quarter ended March 2025, reflecting a year-over-year decline of 1.4% and an EPS of $2.08, down from $2.24 a year ago [1] - The reported revenue fell short of the Zacks Consensus Estimate of $477.78 million, resulting in a surprise of -1.59%, while the EPS also missed the consensus estimate of $2.34 by -11.11% [1] Financial Performance Metrics - Average Net Sales Price for Gypsum Wallboard was $231.54, below the $240.74 estimate, while Cement's average net sales price was $157.62, slightly above the $157.28 estimate [4] - Revenue from Heavy Materials - Concrete & Aggregates was $54.35 million, exceeding the $52.27 million estimate, marking an 11.6% year-over-year increase [4] - Revenue from Heavy Materials - Cement (Wholly Owned) was $180.59 million, below the $185.88 million estimate, representing a -4.7% change year-over-year [4] - Total Revenue from Heavy Materials was $234.94 million, slightly below the $238.25 million estimate, indicating a -1.3% year-over-year change [4] - Revenue from Light Materials - Gypsum Paperboard was $31.03 million, surpassing the $28.05 million estimate, reflecting a +9.4% year-over-year change [4] - Revenue from Light Materials - Gypsum Wallboard was $204.21 million, below the $198.60 million estimate, showing a -2.9% year-over-year change [4] - Total Revenue from Light Materials was $235.24 million, below the $238.70 million estimate, indicating a -1.4% year-over-year change [4] Segment Operating Earnings - Segment Operating Earnings for Light Materials - Recycled Paperboard was $10.49 million, exceeding the $9.20 million estimate [4] - Segment Operating Earnings for Light Materials - Gypsum Wallboard was $80.25 million, slightly below the $81.51 million estimate [4] - Segment Operating Earnings for Light Materials totaled $90.75 million, below the $93.69 million estimate [4] - Segment Operating Earnings for Heavy Materials - Concrete and Aggregates was -$9.35 million, significantly worse than the -$0.47 million estimate [4] Stock Performance - Shares of Eagle Materials have returned +15.8% over the past month, outperforming the Zacks S&P 500 composite's +13.1% change [3] - The stock currently holds a Zacks Rank 4 (Sell), indicating potential underperformance relative to the broader market in the near term [3]

Financial Performance - Fiscal Year 2025 saw record revenue of $2.3 billion[4] - Record diluted EPS of $13.77 was achieved in Fiscal Year 2025[4] - The company returned $332 million to shareholders[4] - Fiscal Q4 2025 revenue was $470 million compared to $477 million in Fiscal Q4 2024[8] - Fiscal Year 2025 revenue was $2.261 billion compared to $2.259 billion in Fiscal Year 2024[8] - Fiscal Q4 2025 Diluted EPS was $2.00 compared to $2.24 in Fiscal Q4 2024[12] - Fiscal Year 2025 Diluted EPS was $13.77 compared to $13.61 in Fiscal Year 2024, up 1%[12] Business Segments - Cement sales volume decreased by 5%, but net sales prices increased by 4% in Fiscal Year 2025[15] - Cement revenue was $1.439 billion in FY2025 compared to $1.466 billion in FY2024[15] - Cement operating earnings were $311 million in FY2025 compared to $351 million in FY2024[15] - Wallboard net sales prices were up 1%, and record Recycled Paperboard sales volume was up 5% in Fiscal Year 2025[19] - Light Materials revenue was $969 million in FY2025 compared to $941 million in FY2024[18] - Light Materials operating earnings were $389 million in FY2025 compared to $366 million in FY2024[18] Strategic Initiatives - The company acquired two aggregates businesses, leading to a 50% increase in annual aggregates production capacity[5]

Retail Sales Overview - U.S. retail sales increased by 0.1% in April following a revised 1.7% increase in March, contrary to economists' expectations of no change [1] - The March increase was influenced by consumers making purchases in anticipation of tariff announcements [1] Sector Performance - The largest increases in April were in food services and drinking places (1.2%), building material and garden equipment supplies (0.8%), furniture (0.3%), and electronics and appliances stores (0.3%) [2] - Sales excluding food services, auto dealers, building materials stores, and gasoline stations decreased by 0.2%, below the revised 0.5% gain in March and forecasts of a 0.3% rise [2] Winning Areas Food Services and Drinking Places - Sales in this sector rose by 1.2% sequentially in April and 7.8% year over year [4] - AdvisorShares Restaurant ETF (EATZ) focuses on companies deriving at least 50% of their revenue from the restaurant business [4] - BJ's Restaurants (BJRI) operates high-end casual dining restaurants and has a Zacks Rank 1 (Strong Buy) [5] Building Material & Garden Equipment & Supplies Dealers - This segment experienced a 0.8% sequential sales gain and a 3.2% year-over-year increase [6] - Broad-based retail ETFs like Consumer Discretionary Select Sector SPDR ETF (XLY) and VanEck Retail ETF (RTH) are relevant for this sector [6] - Vulcan Materials (VMC) is the largest supplier of construction aggregates in the U.S. and has a Zacks Rank 2 (Buy) [7] Electronics & Appliance Stores - Sales in this category increased by 0.3% sequentially in April and 0.1% year over year [8] - The rise in electronics sales is expected to benefit semiconductor funds and stocks [8] - VanEck Vectors Semiconductor ETF (SMH) tracks companies involved in semiconductor production and charges 35 bps in fees [8] - Universal Electronics (UEIC) is a leader in universal control and sensing technologies for smart homes and has a Zacks Rank 3 [9]

Core Viewpoint - Analysts forecast that Eagle Materials (EXP) will report quarterly earnings of $2.34 per share, reflecting a year-over-year increase of 4.5%, with revenues expected to reach $477.78 million, a slight increase of 0.2% compared to the previous year [1]. Earnings Estimates - Over the past 30 days, the consensus EPS estimate has been adjusted downward by 3.3%, indicating a reassessment by analysts [2]. - Revisions to earnings estimates are crucial for predicting investor actions, as empirical research shows a strong correlation between earnings estimate trends and short-term stock performance [3]. Revenue Estimates - The consensus estimate for 'Revenue- Heavy Materials- Concrete & Aggregates' is $52.27 million, indicating a year-over-year change of +7.3% [5]. - 'Revenue- Gypsum Wallboard' is expected to be $207.84 million, suggesting a decline of -1.1% year over year [5]. - 'Revenue- Heavy Materials- Cement (Wholly Owned)' is projected to reach $185.88 million, reflecting a decrease of -1.9% from the previous year [5]. - Total Revenue for Heavy Materials is forecasted at $238.25 million, with a year-over-year change of +0.1% [6]. - 'Revenue- Light Materials- Gypsum Wallboard' is expected to be $198.60 million, indicating a decline of -5.5% year over year [6]. - Total Revenue for Light Materials is estimated at $238.70 million, suggesting no change year over year [7]. Pricing and Earnings Metrics - The Average Net Sales Price for Gypsum Wallboard is projected to be $240.74, compared to $232.62 from the previous year [7]. - The Average Net Sales Price for Cement is expected to reach $157.28, up from $154.59 in the same quarter last year [8]. - Segment Operating Earnings for Light Materials- Gypsum Wallboard is estimated at $81.51 million, down from $82.91 million year over year [9]. - Segment Operating Earnings for Light Materials is projected at $93.69 million, compared to $92.21 million from the previous year [9]. Stock Performance - Shares of Eagle Materials have increased by +8.3% over the past month, compared to a +9% increase in the Zacks S&P 500 composite [9]. - With a Zacks Rank 4 (Sell), Eagle Materials is expected to underperform the overall market in the near future [10].

Company Overview - TopBuild Corp. (NYSE: BLD) is a leading installer and specialty distributor of insulation and building material products, serving the construction industry across residential, commercial, and industrial markets [1] Business Segments - The company operates through two primary segments: Installation and Distribution, which allows it to maintain a nationwide footprint [1]

Core Viewpoint - The market anticipates Eagle Materials (EXP) will report a year-over-year increase in earnings driven by higher revenues for the quarter ending March 2025, with actual results being crucial for stock price movement [1][2]. Earnings Expectations - Eagle Materials is expected to report quarterly earnings of $2.34 per share, reflecting a year-over-year increase of 4.5%, with revenues projected at $477.78 million, a slight increase of 0.2% from the previous year [3]. Estimate Revisions - The consensus EPS estimate has been revised down by 3.3% over the last 30 days, indicating a collective reassessment by analysts regarding the company's earnings outlook [4]. Earnings Surprise Prediction - The Zacks Earnings ESP model indicates that the Most Accurate Estimate for Eagle Materials is lower than the Zacks Consensus Estimate, resulting in an Earnings ESP of -3.98%, suggesting a bearish sentiment among analysts [10][11]. Historical Performance - In the last reported quarter, Eagle Materials was expected to post earnings of $4 per share but only achieved $3.59, resulting in a surprise of -10.25%. Over the last four quarters, the company has only beaten consensus EPS estimates once [12][13]. Conclusion - Eagle Materials does not appear to be a strong candidate for an earnings beat, and investors should consider other factors when making decisions regarding the stock ahead of its earnings release [16].

Core Viewpoint - The article provides an update on Builders FirstSource (NYSE: BLDR) and emphasizes a fundamentals-based approach to value investing, highlighting the importance of long-term durability and robust balance sheets over low multiples [1]. Group 1: Investment Philosophy - The company disagrees with the notion that low multiple stocks are inherently cheap, advocating for a focus on companies with steady long-term growth and no cyclicality [1]. - There is an acknowledgment of the risks involved in investing in successful companies, particularly the potential to overpay, which underscores the significance of valuation [1]. - The article suggests that in certain situations, the potential for growth may outweigh immediate price concerns, indicating a broader perspective on investment timing [1].

Financial Data and Key Metrics Changes - The meeting confirmed that the appointment of Deloitte and Touche as the independent registered public accounting firm for 2025 has been ratified [11] - The compensation of named executive officers has been approved on an advisory basis [11] Business Line Data and Key Metrics Changes - No specific data or metrics related to individual business lines were provided in the meeting [12] Market Data and Key Metrics Changes - No specific market data or metrics were discussed during the meeting [12] Company Strategy and Development Direction and Industry Competition - The company continues to focus on maintaining strong governance and transparency through the election of directors and the approval of compensation policies [8][11] Management's Comments on Operating Environment and Future Outlook - Management expressed gratitude for stockholder support and emphasized the importance of ongoing engagement with stockholders [11] Other Important Information - The meeting was conducted digitally, allowing stockholders to participate via a web portal [3][4] - A quorum was confirmed with holders of 69,642,741 shares of common stock entitled to vote [6] Q&A Session All Questions and Answers Question: What is the status of the independent registered public accounting firm? - The appointment of Deloitte and Touche has been ratified for 2025 [11] Question: How was the compensation of named executive officers determined? - The Compensation Committee is responsible for determining compensation policies, and the advisory vote on compensation was approved [11]

Core Insights - James Hardie Building Products Inc. has entered into a three-year exclusive agreement with McKinley Homes to supply Hardie® siding and trim for all new residential developments across several states in the Southeastern United States [1][5] - This collaboration emphasizes both companies' commitment to quality, innovation, and the delivery of high-quality homes with lasting curb appeal [2][4] Company Overview - James Hardie is recognized as the 1 brand of siding in North America, specializing in fiber cement siding and exterior solutions [1][8] - The company operates with a diverse workforce of over 3,700 employees in North America and is committed to an inclusive company culture and Zero Harm [8] Product Features - Hardie® siding products are non-combustible, pest-resistant, and designed to withstand damage from water and extreme weather conditions [4][7] - The product range offers a variety of colors and styles, providing homeowners with both timeless and contemporary design options [4] McKinley Homes Overview - McKinley Homes, based in Atlanta, GA, specializes in real estate development and vertical construction, with over 45 years of combined experience in completing more than 20,000 lots/homes [10] - The company currently owns over 6,000 lots and is positioned for continued growth throughout the United States [10]

Core Viewpoint - Boise Cascade Company (BCC) reported mixed first-quarter 2025 results, with earnings missing estimates while sales exceeded expectations, reflecting a decline in both metrics year-over-year due to lower selling prices and sales volumes, alongside operational challenges [1][3]. Financial Performance - Adjusted earnings per share (EPS) for Q1 2025 were $1.06, missing the Zacks Consensus Estimate of $1.36 by 22.1%, and down from $2.61 in the same quarter last year [3]. - Quarterly sales reached $1.54 billion, surpassing the consensus mark of $1.45 billion by 5.7%, but decreased by 7% year-over-year [3]. - Adjusted EBITDA was $91.6 million, a significant decline of 46% from the prior-year quarter [3]. Segment Analysis - **Wood Products**: Sales totaled $415.8 million, down 11% year-over-year due to lower engineered wood products and sales prices. Adjusted EBITDA fell to $40.2 million, down 11% from $95.6 million a year ago [4]. - **Building Materials Distribution (BMD)**: Sales decreased by 7% year-over-year to $1.41 billion, attributed to lower plywood sales prices and reduced sales volumes. Adjusted EBITDA dropped 25% year-over-year to $62.8 million [5]. Liquidity and Debt - As of March 31, 2025, total liquidity was $957.5 million, down from $1.109 billion at the end of 2024, with cash and cash equivalents at $561.8 million [6]. - Net long-term debt slightly increased to $446.4 million from $446.2 million at the end of 2024 [6]. Share Repurchase Activity - In Q1 2025, the company repurchased 482,700 shares for a total value of $53.9 million, followed by an additional repurchase of 179,445 shares for approximately $17 million in April 2025 [7][8]. Market Outlook - The company plans to remain flexible in response to evolving market conditions in the second quarter, supported by a strong balance sheet for continued investments in residential construction trends [2].