Eagle Materials Q1 revenue beats estimates on cement volume growth

Eagle Materials

29/07/2026 11:38

Overview
U.S. construction materials maker's fiscal Q1 revenue rose 3%, beating analyst expectations
Net earnings and adjusted EBITDA declined due to higher costs and equipment failure at Mountain Cement
Company repurchased 406,500 shares for about $84 mln in the quarter

Outlook
Company did not provide specific financial guidance for the current or future periods

Result Drivers
CEMENT VOLUME GROWTH - Cement sales volume increased 8%, driven by public construction and large private non-residential projects
EQUIPMENT FAILURE IMPACT - Unexpected equipment failure at Mountain Cement facility reduced earnings by about $6 mln
HIGHER DELIVERY COSTS - Delivery costs rose across Cement and Wallboard businesses, mainly due to elevated diesel prices

Company press release: ID:nBw1nhtVha

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Beat
$651 mln
$619.95 mln (10 Analysts)
Q1 EPS
 
$3.29
 
Q1 Net Earnings
 
$102.10 mln
 
Q1 Adjusted EBITDA
 
$190.50 mln
 

Analyst Coverage
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 2 "strong buy" or "buy", 9 "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 $232.00, about 4.5% above its July 28 closing price of $222.05
The stock recently traded at 16 times the next 12-month earnings vs. a P/E of 15 three months ago

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For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(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.)