Eagle Materials Crushes Q1 Estimates with $3.29 EPS
EXP sits 29% above its 52-week low of $171.99 on elevated volume (2.2× avg).
Summary
Eagle Materials delivered Q1 EPS of $3.29, handily beating the consensus estimate. The company also reported Q1 revenue that beat estimates, driven by cement volume growth. This follows a strong Q4 beat in May, suggesting sustained momentum in its cement and wallboard businesses. The beat is material for a $6.9B market cap company and likely drives upward revisions to full-year estimates. With construction demand remaining robust, the focus shifts to management's commentary on pricing and volume trends on the earnings call.
Updates
· SEC 8-K — Q1 revenue was $651.0 million, up 3%; net earnings $102.1 million, down 17%; adjusted EBITDA $190.5 million, down 11%. Cement sales volume rose 8% to a record 2.1 million tons; wallboard volume fell 2% to 772 MMSF.
At the time of this announcement, EXP was trading at $222.05 on NYSE in the Real Estate & Construction sector, with a market capitalization of approximately $6.9B. The 52-week trading range was $171.99 to $245.53. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: Dow Jones Newswires.