On demand trends, Haack told analysts the strength was “pretty broad-based” across Eagle’s markets, supported by infrastructure spending and growth in key non-residential end markets such as data centers. He cautioned, however, that it is difficult to establish a trend early in the year given winter weather. Still, management expressed optimism entering calendar 2026.Kesler said the heavy materials sector—which includes cement, concrete, and aggregates—delivered an 11% revenue increase in the quarter, drive ...

For the quarter ended December 2025, Eagle Materials (EXP) reported revenue of $555.96 million, down 0.4% over the same period last year. EPS came in at $3.22, compared to $3.59 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $553.98 million, representing a surprise of +0.36%. The company delivered an EPS surprise of -2.92%, with the consensus EPS estimate being $3.32.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wal ...

January 29, 2026 Third Quarter Fiscal 2026 Earnings Release and Conference Call Forward-Looking Statements 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 1995. Forward-looking statements may be identified by the context of the statements and generally arise when the Company is discussing its beliefs, estimat ...

Core Insights - Eagle Materials Inc. reported strong financial results for the third quarter of fiscal 2026, with revenue of $556 million, adjusted EBITDA of $190.1 million, and earnings per share (EPS) of $3.22, despite challenges in the residential construction market [1][2]. Financial Performance - Revenue for the third quarter increased by 11% in the Heavy Materials sector to $390.2 million, driven by higher sales volumes of Cement and Aggregates [1]. - Cement sales volume rose by 9% to 1.9 million tons, while organic Aggregates sales volume surged by 34% [1][2]. - Light Materials sector revenue decreased by 16% to $203.5 million, attributed to lower sales volumes and prices of Gypsum Wallboard and Recycled Paperboard [1][2]. Capital Structure and Shareholder Returns - The company issued $750 million in 10-year senior notes at a 5.00% interest rate, enhancing liquidity and extending debt maturity [1]. - Nearly $150 million was returned to shareholders through dividends and share repurchases, with approximately 648,000 shares repurchased [1][2]. Operational Efficiency and Investments - Eagle Materials is investing in modernizing its Cement and Gypsum Wallboard plants to improve operational efficiency and lower costs [1]. - The company reported a net leverage ratio of 1.8x, indicating substantial financial flexibility for future growth [1][2]. Segment Analysis - Heavy Materials segment operating earnings increased by 9% to $92.7 million, reflecting strong demand for Cement and Aggregates [1]. - Light Materials segment operating earnings decreased by 25% to $72.6 million due to lower sales volumes and pricing pressures [1][2]. Market Position - The company maintains a strong market position supported by federal, state, and local spending on public infrastructure projects, which has bolstered demand for its Heavy construction products [1][2].

In its upcoming report, Eagle Materials (EXP) is predicted by Wall Street analysts to post quarterly earnings of $3.39 per share, reflecting a decline of 5.6% compared to the same period last year. Revenues are forecasted to be $556.73 million, representing a year-over-year decrease of 0.2%.The consensus EPS estimate for the quarter has undergone a downward revision of 3.5% in the past 30 days, bringing it to its present level. This represents how the covering analysts, as a whole, have reassessed their ini ...

Company Overview - Eagle Materials is a leading U.S. supplier of essential construction materials, with a diversified portfolio that includes cement, aggregates, wallboard, and recycled paperboard [4] - The company serves a broad base of customers in residential, commercial, and public infrastructure markets, leveraging vertical integration and regional scale [5] Financial Performance - As of November 14, 2025, Eagle Materials has a market capitalization of $6.63 billion, revenue of $2.30 billion, and net income of $446.80 million [3] - The stock price on November 14, 2025, was $202.06, reflecting a 33.6% decline over the past year, underperforming the S&P 500 by 46.7 percentage points [2][6] Recent Developments - L1 Capital International sold its entire $19.1 million stake in Eagle Materials, which constituted 4.7% of its 13F assets at the end of the second quarter [1][2] - The company missed earnings estimates for the second quarter of FY 2026, with wallboard volumes declining 5% in the first half due to softening demand from the residential construction sector [9] Market Trends - The U.S. housing market has softened since 2024, leading to a revenue growth decline from mid-teens in FY 2023 to zero growth in FY 2025 [7] - Elevated mortgage interest rates continue to raise concerns about housing affordability, impacting residential construction activity [9] Growth Opportunities - Despite challenges in the residential segment, Eagle's non-residential segments have shown solid growth, supported by government infrastructure projects and increased private spending [10] - The stock is currently trading at 16.3 times its trailing 12-month earnings and a price-to-sales ratio of 3.2, indicating it remains within its five-year ranges and may present a hidden gem for long-term investors [10][11]

Core Thesis - Eagle Materials Inc. is positioned to weather downturns in the housing market due to its diversified operations and strong financial discipline, despite current challenges in the gypsum wallboard segment [3][4][5] Company Overview - Eagle Materials Inc. manufactures and sells heavy construction products and light building materials in the United States, with a focus on cement and aggregates [2] - As of November 28th, the company's share price was $223.72, with trailing and forward P/E ratios of 16.49 and 14.08 respectively [1] Market Conditions - The company is facing a challenging housing backdrop, with weak homebuilding activity impacting its gypsum wallboard segment, while cement and aggregates operations are experiencing steady growth [2] - Cement volumes increased by 8%, and a recent acquisition in aggregates contributed to quarter-over-quarter gains, although these were not sufficient to offset declines in wallboard volumes and pricing [2] Financial Resilience - Despite cyclical pressures, Eagle Materials continues to generate solid cash flow, allowing for buybacks, dividends, and strategic reinvestment [3] - The company benefits from ownership of its own gypsum and limestone reserves, providing a structural cost advantage [3] Strategic Opportunities - The current downturn allows management to deploy capital more efficiently as competitors weaken, positioning the company for stronger long-term performance [4] - Maintenance and facility upgrades are expected to enhance Eagle's competitive edge when the housing market rebounds [4] Historical Context - A previous bullish thesis highlighted the company's localized market dominance and vertical integration, although the stock price has depreciated approximately 6.75% since then due to ongoing housing weakness [5] - The investment thesis remains valid as Eagle is structurally advantaged, with emphasis on cyclical pressures and capital deployment opportunities [5]

Core Insights - Saint-Gobain Canada has completed its expansion and sustainable upgrade project at the CertainTeed Gypsum plant in Sainte-Catherine, Quebec, making it North America's first zero-carbon gypsum wallboard plant and the largest globally [1] Company Developments - The project was first announced in 2022 and involved significant electrification upgrades [1] - The plant is now solely powered by renewable electricity, highlighting the company's commitment to sustainability [1]

Core Insights - Eagle Materials reported revenue of $634.69 million for the quarter ended June 2025, marking a year-over-year increase of 4.3% and a surprise of +4.64% over the Zacks Consensus Estimate of $606.57 million [1] - The company's EPS for the same period was $3.76, compared to $3.94 a year ago, with an EPS surprise of +0.8% against the consensus estimate of $3.73 [1] Financial Performance Metrics - Average Net Sales Price for Gypsum Wallboard was $232.40, below the estimated $238.22 [4] - Average Net Sales Price for Cement was $156.72, also below the estimated $159.24 [4] - Revenue from Heavy Materials - Concrete & Aggregates was $73.72 million, exceeding the average estimate of $67.04 million, representing a year-over-year change of +20.8% [4] - Revenue from Light Materials - Gypsum Paperboard was $29.13 million, slightly below the estimated $29.51 million, reflecting a -3.7% change year-over-year [4] - Total Revenue from Heavy Materials was $384.04 million, surpassing the estimated $366.11 million, with a year-over-year increase of +6.5% [4] - Revenue from Heavy Materials - Cement (Wholly Owned) was $310.33 million, exceeding the estimate of $298.09 million, with a year-over-year increase of +3.6% [4] - Revenue from Light Materials - Gypsum Wallboard was $221.52 million, above the estimated $207.66 million, showing a year-over-year change of +1.7% [4] - Total Revenue from Light Materials was $250.65 million, exceeding the estimated $237.17 million, with a year-over-year increase of +1% [4] Segment Operating Earnings - Segment Operating Earnings for Light Materials - Recycled Paperboard was $9.5 million, above the estimated $9.19 million [4] - Segment Operating Earnings for Light Materials - Gypsum Wallboard was $92.64 million, compared to the average estimate of $87.16 million [4] - Total Segment Operating Earnings for Light Materials was $102.14 million, exceeding the average estimate of $96.35 million [4] - Segment Operating Earnings for Heavy Materials - Cement (Wholly Owned) was $77.28 million, below the average estimate of $80.69 million [4] Stock Performance - Shares of Eagle Materials have returned +9.3% over the past month, outperforming the Zacks S&P 500 composite's +3.6% change [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating potential performance in line with the broader market in the near term [3]

Core Viewpoint - Eagle Materials (EXP) is expected to report quarterly earnings of $3.76 per share, a decline of 4.6% year-over-year, with revenues projected at $617.71 million, reflecting a 1.5% increase compared to the previous year [1] Earnings Projections - Analysts have maintained the consensus EPS estimate for the quarter over the last 30 days, indicating stability in earnings projections [1][2] - Changes in earnings projections are crucial for predicting investor reactions to the stock [2] Revenue Estimates - Revenue from Gypsum Wallboard is estimated at $208.05 million, showing a year-over-year decline of 4.5% [4] - Revenue from Heavy Materials - Concrete & Aggregates is projected to reach $67.04 million, indicating a year-over-year increase of 9.8% [4] - Total Revenue from Light Materials is expected to be $237.17 million, reflecting a decline of 4.4% year-over-year [4] - Total Revenue from Heavy Materials is forecasted at $366.11 million, representing a 1.5% increase from the previous year [5] - Revenue from Light Materials - Gypsum Paperboard is projected at $29.51 million, indicating a year-over-year decline of 2.5% [5] - Revenue from Light Materials - Gypsum Wallboard is expected to be $207.66 million, reflecting a 4.7% decline year-over-year [5] - Revenue from Heavy Materials - Cement (Wholly Owned) is estimated at $298.09 million, showing a slight decline of 0.5% year-over-year [6] Pricing and Earnings Metrics - The Average Net Sales Price for Gypsum Wallboard is projected at $238.22, down from $239.43 in the same quarter last year [6] - The Average Net Sales Price for Cement is expected to be $159.24, up from $156.10 in the same quarter last year [7] - Segment Operating Earnings for Light Materials - Recycled Paperboard is projected at $9.19 million, compared to $8.50 million in the same quarter last year [7] - Segment Operating Earnings for Light Materials - Gypsum Wallboard is expected to be $87.16 million, down from $93.98 million year-over-year [8] - The consensus estimate for Segment Operating Earnings for Light Materials stands at $96.35 million, compared to $102.48 million in the previous year [8] Stock Performance - Over the past month, Eagle Materials shares have increased by 10.5%, outperforming the Zacks S&P 500 composite's increase of 4.9% [8]