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…
Earnings analysis · 10-K
EXP earnings analysis
Filed May 19, 2026 · Our reading of the company's report
The latest report
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…
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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.
Gross and operating margin
How much of each revenue dollar the business keeps.
One point per quarterly or annual filing. Both margins are shares of that report's revenue.
From revenue to operating profit
Where each $100 of revenue went in this report.
Cost of sales, operating expenses, and what remained. Figures are rounded to whole dollars.
How we read each report
Our analysis across the last few reports.
Our model's reading of each filing, not the share price or the market's reaction. Annual and quarterly reports each occupy one position.
Reported figures
- Earnings per share
- $13.16
- Segment
- Cement
- Segment
- Concrete and Aggregates
- Segment
- Gypsum Wallboard
- Segment
- Recycled Paperboard
What stood out
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Record Annual Revenue
In FY2026, Eagle Materials achieved record revenue of $2.3 billion, up 2% from the previous year.
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Strong Q4 EPS Surprise
Eagle reported Q4 FY2026 EPS of $1.91, beating estimates of $1.53 by 24.84%.
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Strategic Investments
The company plans capital expenditures between $490M and $525M for FY2027 to enhance facilities.
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Stable Demand Projections
Management anticipates steady demand for cement, supported by federal infrastructure funding.
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Share Buyback Program
The company repurchased 1,739,625 shares at an average price of $219.48 in FY2026.
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Improved Cash Flow
Net cash provided by operating activities increased to $614.2 million in FY2026.
What to watch
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Decline in Net Earnings
Net earnings dipped 9% in FY2026 to $423.8 million, down from $463.4 million in FY2025.
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Operating Margin Pressures
Operating margin fell to 28.3% in FY2026, down from 29.8% in FY2025 due to rising costs.
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Geopolitical and Economic Uncertainties
Ongoing geopolitical tensions and inflation are anticipated to impact construction demand.
Management's outlook
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.
Earlier filings 4
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 itself. Analysis can contain errors; check the source document for full context.