Eagle Materials Inc. (NYSE: EXP) has released its financial results for the third quarter of fiscal 2025 ended December 31, 2024. Here are the key highlights of the quarter:
- Revenue stood at $558.0 million, reflecting a change compared to the prior year's fiscal third quarter.
- Net earnings amounted to $119.6 million, showcasing a shift from the previous year.
- Net earnings per share were reported at $3.56.
- Adjusted net earnings per share (adjusted EPS) came in at $3.59, demonstrating a variance from the prior year's figures.
- Adjusted EBITDA was $208.8 million, indicating a change from the same period in the previous year.
- The company repurchased approximately 195,000 shares of Eagle’s common stock for $55 million during the quarter.
In the heavy materials sector, which includes cement, concrete, and aggregates, revenue decreased by 4% to $351.8 million. Operating earnings in this segment also experienced a 20% decline, amounting to $85.4 million.
Cement revenue, including joint venture and intersegment revenue, decreased by 4% to $295.4 million, with operating earnings down 18% to $86.8 million. Cement sales volume decreased by 7% to 1.7 million tons, with the average net sales price per ton up by 4% to $156.82.
In the light materials sector, which encompasses gypsum wallboard and recycled paperboard, revenue increased by 6% to $241.7 million. Operating earnings in this segment were reported at $97.4 million, marking an 18% increase from the prior year.
The company also noted that corporate general and administrative expenses increased by approximately 47% compared with the prior year, primarily due to increases in information technology spending and costs associated with business development and transaction-related activities.
Eagle Materials Inc. remains optimistic about its businesses and its ability to execute opportunities despite challenges posed by adverse weather conditions. The company's consistent, disciplined operational and strategic approach is expected to position it to continue performing well through economic cycles and deliver long-term value.
As a leading U.S. manufacturer of heavy construction products and light building materials, Eagle Materials Inc. operates through a network of more than 70 facilities spanning 21 states and is headquartered in Dallas, Texas.
For more detailed financial information and insights, please refer to the company's official reports and statements.
This article is intended for informational purposes only and should not be considered as investment advice. As a result of these announcements, the company's shares have moved -0.3% on the market, and are now trading at a price of $257.65. Check out the company's full 8-K submission here.
