Eagle Materials Q3 revenue slightly misses estimates

Eagle Materials

29/01/2026 11:41

Overview

Construction materials firm's fiscal Q3 revenue slightly missed analyst expectations

Adjusted EBITDA for fiscal Q3 was $190.1 mln

Company repurchased 648,000 shares for $142.6 mln

Outlook

Eagle Materials highlights strong demand for Heavy construction products due to infrastructure spending

Company is investing in modernizing facilities to improve efficiency and cost structure

Eagle Materials emphasizes financial flexibility with recent debt issuance and share repurchases

Result Drivers

HEAVY MATERIALS GROWTH - Revenue in Heavy Materials segment rose 11% due to higher cement and aggregates sales volume and contribution from a new aggregates business

LIGHT MATERIALS DECLINE - Revenue in Light Materials segment fell 16% due to lower sales volumes and prices in gypsum wallboard and recycled paperboard

FINANCIAL POSITION - Issued $750 mln in senior notes to extend debt maturity and increase liquidity, repaid bank credit facility

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
Slight Miss*
$556 mln
$557.28 mln (12 Analysts)
Q3 EPS
$3.22
Q3 Net Earnings
$102.90 mln
Q3 Adjusted EBITDA
$190.10 mln
Q3 Gross Margin
28.90%


*Applies to a deviation of less than 1%; not applicable for per-share numbers.

Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy", 10 "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 $233.50, about 7.1% above its January 28 closing price of $217.92

The stock recently traded at 16 times the next 12-month earnings vs. a P/E of 16 three months ago

Press Release: ID:nBwbkZRKPa

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.)