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Eagle Materials Inc (EXP)
NYSE:EXP
Holding EXP?
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Earnings Data
Report Date
Jan 23, 2025TBA Not Confirmed
Period Ending
2025 (Q3)Consensus EPS Forecast
$3.96Last Year’s EPS
$3.85Same Quarter Last Year
Moderate Buy
Based on 5 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 29, 2024
|% Change Since: -14.02%
|Next Earnings Date:Jan 23, 2025
Earnings Call Sentiment|Neutral
The earnings call highlighted record revenue and strong cash flow, driven by strategic initiatives and environmental achievements. However, challenges in the Heavy Materials sector due to weather, project delays, and increased maintenance costs were significant concerns.Company Guidance
During Eagle Materials' second quarter fiscal 2025 earnings call, guidance focused on several key metrics and strategic initiatives. The company reported record revenue of $624 million, marking a significant increase driven by higher cement and wallboard sales prices, though offset by lower cement volumes. Cash flow from operations surged by 35%, highlighting robust financial management. Earnings per share held steady at $4.26, aided by a 5% reduction in diluted shares through a share buyback program. Noteworthy operational updates included commissioning the Texas Lehigh slag grinding facility, capable of producing over 500,000 tons of low-carbon intensity slag, and a 40% reduction in water usage at the Republic Paperboard facility. Eagle Materials also addressed challenges such as a 5% decline in heavy materials volume, largely due to demand reductions in Denver and a resolved work stoppage in Kansas City. Looking ahead, the company anticipates further maintenance costs in the upcoming quarter due to planned outages at Texas Lehigh and Tulsa Cement facilities. Despite industry forecasts predicting a decline in cement volumes, Eagle remains optimistic about demand recovery, buoyed by the $1 trillion Federal infrastructure bill and favorable construction trends, prompting a planned price increase for early January 2025.Record Revenue and Increased Cash Flow
In the fiscal second quarter of 2025, Eagle Materials achieved record revenue of $624 million and increased cash flow from operations by 35%.
Environmental and Sustainability Initiatives
Commissioning of the Texas Lehigh slag grinding facility in Houston and a 40% reduction in water usage at the Republic Paperboard facility were notable achievements in sustainability.
Wallboard Segment Performance
Revenue in the Light Materials sector increased by 5%, driven by higher Wallboard sales volume and a 1% increase in Wallboard sales prices.
Strong Financial Flexibility
Net debt-to-EBITDA leverage ratio was 1.2x, with substantial financial flexibility and a strong cash position of $94 million.
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EXP Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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EXP Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 29, 2024 | $288.78 | $282.66 | -2.12% |
| Jul 30, 2024 | $248.28 | $265.12 | +6.78% |
| May 21, 2024 | $256.22 | $241.58 | -5.71% |
| Jan 25, 2024 | $206.61 | $211.57 | +2.40% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Eagle Materials Inc (EXP) report earnings?
Eagle Materials Inc (EXP) is schdueled to report earning on Jan 23, 2025, TBA Not Confirmed.
What is Eagle Materials Inc (EXP) earnings time?
Eagle Materials Inc (EXP) earnings time is at Jan 23, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is EXP EPS forecast?
EXP EPS forecast for the fiscal quarter 2025 (Q3) is $3.96.
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