Eagle Materials Inc.

Eagle Materials Inc. Earnings Recaps

EXP Materials 2 recaps
Q4 2026 May 20, 2026

Eagle Materials’ shares edged up modestly by 1.8%, reflecting a mixed quarter with record revenue growth driven by heavy materials, but offset by continued softness and margin pressure in Wallboard. The market remains cautious given the ongoing challenges in Wallboard sales volume and price declines.

Key takeaways
  • Fiscal year revenue hit a record $2.3 billion, up 2%, fueled by an 8% rise in cement volume and a 19% increase in concrete and aggregates revenue.
  • Annual EPS declined 4% to $13.16, weighed down by lower Wallboard sales volume and prices despite a 5% share count reduction from buybacks.
  • Aggregate sales volume surged 70% year-over-year to a record 6.6 million tons, boosted by two recent acquisitions.
  • Wallboard segment experienced volume and price pressures that dampened overall profitability though price stability was noted in the face of industry-wide raw material challenges.
  • Continued investments in modernization of cement and Wallboard plants aim to reduce costs and expand capacity, with new facilities expected online in late 2026 and 2027.
Full recap
Q3 2026 Jan 30, 2026

Eagle Materials reported solid performance in Q3 FY2026, generating $556 million in revenue and earnings per share of $3.22, despite challenges in the wallboard market.

Key takeaways
  • Revenue declined slightly year-over-year due to lower wallboard and paperboard sales, offset by increased cement sales and contributions from acquired Aggregates operations.
  • Earnings per share decreased by 10% from the prior year, primarily attributed to reduced net earnings linked to wallboard sales declines.
  • The company is actively modernizing its Cement and Wallboard facilities, which is expected to enhance operational efficiency and lower costs, with commissioning slated for late 2026 and 2027, respectively.
  • A focus on sustainability has led to initiatives that convert waste into revenue streams, supporting Eagle's position as a low-cost producer.
  • Nearly $150 million was returned to shareholders during the quarter, emphasizing the company’s commitment to maintaining a robust financial position while investing in growth.
Full recap