Eagle Materials Inc. has reported its financial results for fiscal year 2025 and the fiscal fourth quarter ending March 31, 2025. The company achieved record annual revenue of $2.3 billion, representing a slight increase from the prior year. Net earnings for the year were $463.4 million, a 3% decrease, while record net earnings per diluted share were $13.77, up 1% from the previous year.
Adjusted net earnings per diluted share (adjusted EPS), a non-GAAP financial measure, were reported at $13.94, representing a 2% increase from the prior year. Adjusted EBITDA, another non-GAAP financial measure, was $816.7 million, down 2% from the previous year.
In the fourth quarter of fiscal 2025, the company reported revenue of $470.2 million, reflecting a 1% decrease. Net earnings for the quarter were $66.5 million, down 14%, with net earnings per diluted share at $2.00, down 11%. Adjusted net earnings per diluted share for the quarter were $2.08, down 7%, and adjusted EBITDA was $141.2 million, down 9%.
During the fiscal year, Eagle Materials repurchased 1.2 million shares of its common stock for $298 million and approximately 418,000 shares for $97 million in the fourth quarter.
The company's president and CEO, Michael Haack, expressed satisfaction with the annual results, highlighting the achievement of record revenue and gross profit margin of 29.8%. He also emphasized the progress made in growth initiatives and employee health and safety milestones.
In terms of capital allocation priorities, Eagle Materials has maintained a disciplined approach, with investments of $388 million in acquisitions, $546 million in organic capital expenditures, and $1.8 billion in share repurchases and dividends over the past five fiscal years.
The company's heavy materials sector, encompassing cement, concrete, and aggregates, experienced a 2% decrease in revenue to $1.4 billion for fiscal 2025, with annual operating earnings declining by 11% to $310.7 million.
In the light materials sector, including gypsum wallboard and recycled paperboard, fiscal 2025 revenue increased by 3% to $969.2 million, driven by record recycled paperboard sales volume and higher gypsum wallboard and recycled paperboard net sales prices.
Eagle Materials Inc. is a leading U.S. manufacturer of heavy construction products and light building materials, operating through a network of more than 70 facilities across 21 states.
For further details, Eagle's senior management will conduct a conference call to discuss the financial results and forward-looking information. Following these announcements, the company's shares moved -7.89%, and are now trading at a price of $222.87. Check out the company's full 8-K submission here.
