EXP earnings analysis
What we found in EXP's 10-K: the parts that mattered, the offsets in the same document, and what the company said about what comes next.
Our reading of the filing · Free to read, no account needed
Eagle Materials reported a strong financial performance for FY2026 with record annual revenue of $2.3 billion, representing a 2% year-over-year increase. Net earnings were $423.8 million, which reflects a 9% decline from the previous year, highlighting operational challenges amid external economic factors. The company continues to invest significantly in capital expenditures aimed at expanding and modernizing existing facilities, underscoring its strategic commitment to enhance operational efficiency and product offerings.
The parts that mattered.
Pulled out of the filing itself, with the figures the company reported.
- Record Annual Revenue
- In FY2026, Eagle Materials achieved record revenue of $2.3 billion, up 2% from the previous year.
- Strong Q4 EPS Surprise
- Eagle reported Q4 FY2026 EPS of $1.91, beating estimates of $1.53 by 24.84%.
- Strategic Investments
- The company plans capital expenditures between $490M and $525M for FY2027 to enhance facilities.
- Stable Demand Projections
- Management anticipates steady demand for cement, supported by federal infrastructure funding.
- Share Buyback Program
- The company repurchased 1,739,625 shares at an average price of $219.48 in FY2026.
- Improved Cash Flow
- Net cash provided by operating activities increased to $614.2 million in FY2026.
And the other side of it.
The offsets in the same document — the things a summary that only listed the good news would have left out.
- Decline in Net Earnings
- Net earnings dipped 9% in FY2026 to $423.8 million, down from $463.4 million in FY2025.
- Operating Margin Pressures
- Operating margin fell to 28.3% in FY2026, down from 29.8% in FY2025 due to rising costs.
- Geopolitical and Economic Uncertainties
- Ongoing geopolitical tensions and inflation are anticipated to impact construction demand.
What they reported.
What the company itself reported, taken out of the document.
- Earnings per share
- $13.16
- Gross margin
- 28.3%
- Operating margin
- 22.85%
- Segment
- Cement
- Segment
- Concrete and Aggregates
- Segment
- Gypsum Wallboard
- Segment
- Recycled Paperboard
What they said about what is next.
Management indicated capital expenditures for FY2027 are expected to be between $490 million and $525 million, with no specific numeric revenue or EPS guidance provided.
The filing reads about the same as the one before it.
What came before.
- 10-Q · October 29, 2024
- Eagle Materials reported quarterly revenue of $623,619,000 (vs $622,236,000 a year ago) with diluted EPS of $4.26 (unchanged from prior-year quarter). Gross profit declined to $203,844,000 and net earnings decreased to…
- 10-K · May 22, 2024
- Eagle Materials reported a strong fiscal 2024 with record revenue of $2.3 billion (up 5%) and diluted EPS of $13.61 (up 9%), driven by both Cement and Gypsum Wallboard strength. Management is executing an acquisitive…
- 10-Q · October 26, 2023
- Eagle Materials reported Q1 (three months ended Sept 30, 2023) revenue of $622,236,000 (up $17,168,000 or 2.8% vs. $605,068,000 a year ago) and diluted EPS of $4.26 (up $0.54 or 14.5% vs. $3.72). Gross profit increased…
- 10-Q · July 27, 2023
- Eagle Materials reported Q1 revenue of $601,521,000, up $40,134,000 (7.2%) year-over-year, with gross profit improving to $175,995,000 and diluted EPS rising to $3.40 from $2.75. Operating cash flow was strong at…
This is our reading of a public filing, not the filing. Read the original on SEC.gov · Educational only. Nothing here is investment advice.
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