Eagle Materials Inc. reported first-quarter FY2027 results with revenue of $651M, up from $634.7M a year earlier, while net income fell to $102.1M and diluted EPS declined to $3.29 versus $3.76 in the prior‑year quarter.
Financial Highlights
- Revenue was $651.0M for Q1 FY2027, compared with $634.7M in the prior-year quarter; YoY change 3%.
- Net income was $102.1M for Q1 FY2027, compared with $123.4M in the prior-year quarter; YoY change (17%).
- Diluted EPS was $3.29 for Q1 FY2027, compared with $3.76 in the prior-year quarter; YoY change (13%).
Business Highlights
- Record quarterly revenue of $651.0M was driven by higher Heavy Materials volumes, while Light Materials declined.
- Cement volumes rose 8% to 2.145M tons, offsetting roughly 2% lower gypsum wallboard volumes that pressured sector mix.
- Lower wallboard prices and higher operating costs compressed gross margin to 25%, contributing to reduced earnings.
- Major capital projects are underway, including modernizations at Mountain Cement and the Duke wallboard plant, boosting capex.
- Energy costs remained stable, but freight and OCC input prices increased; pricing actions and geographic footprint helped mitigate exposure.
Original SEC Filing:
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