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EXP Eagle Materials News Story

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Building products firm Eagle Materials's Q1 revenue beats estimates

Overview

Eagle Materials fiscal Q1 revenue rises 4% to $634.7 mln, beating expectations

Net earnings for fiscal Q1 fall 8% to $123.4 mln

Co repurchased 358,000 shares for $79 mln

Outlook

Eagle Materials expects to benefit from U.S. infrastructure renovation needs

Company anticipates housing market recovery will improve its positioning

Eagle Materials investing in plant modernization for long-term growth

Result Drivers

MACROECONOMIC UNCERTAINTY - Co cites ongoing macroeconomic and policy uncertainty impacting results

ADVERSE WEATHER - Adverse weather conditions across markets affected performance

FACILITY INVESTMENTS - Investments in modernizing Mountain Cement and Duke Gypsum Wallboard plants aim to strengthen competitive position

Key Details

MetricBeat/MissActualConsensus Estimate
Q1 RevenueBeat$634.70 mln$609.70 mln (10 Analysts)
Q1 EPS$3.76
Q1 Net Earnings$123.40 mln
Q1 Adjusted EBITDA$215 mln
Analyst Coverage The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 2 "strong buy" or "buy", 8 "hold" and 1 "sell" or "strong sell" The average consensus recommendation for the construction materials peer group is "buy." Wall Street's median 12-month price target for Eagle Materials Inc is $243.00, about 9.1% above its July 28 closing price of $220.92 The stock recently traded at 15 times the next 12-month earnings vs. a P/E of 14 three months ago Press Release: ID:nBw3S4Gq3a (This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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