Eagle Materials (NYSE: EXP) reported Q4 EPS of $0.87, $0.07 better than the analyst estimate of $0.80. Revenue for the quarter came in at $284.7 million versus the consensus estimate of $276 million.

• Revenue of $284.7 million, flat with prior year
• Net loss per diluted share of $2.82, down 471%
• Adjusted net earnings per share of $0.87
  • Adjusted earnings per share is a non-GAAP financial measure calculated by excluding non-routine items in the manner described in Attachment 6.
  • Total after-tax impact of non-routine items, consisting of costs related to an impairment in our Oil and Gas Proppants business, was $168.0 million, or $3.69 per diluted share. See Attachment 6.

Commenting on the financial results, Dave Powers, Chief Executive Officer, said, “In fiscal 2019, our businesses continued to generate strong earnings and cashflow, despite challenging weather trends that depressed sales opportunities throughout much of our fiscal year. Importantly, we continued to improve our already low-cost position throughout the year, making meaningful investments to further improve our operational efficiency, while continuing to repurchase shares in line with our capital allocation strategy. In fiscal 2019, we purchased more than 3.3 million shares, or 7% of our outstanding shares, and we returned nearly $300 million to shareholders, through a combination of share repurchases and dividends.”

Mr. Powers continued, “Looking ahead, a strong jobs market, coupled with real wage growth and low interest rates, bodes well for our key construction markets in calendar 2019. We are confident that we will continue to produce industry-leading margins and generate significant cash flow, and our ongoing strategic portfolio review will ensure that Eagle’s inherent value is appropriately reflected in the marketplace.”

For earnings history and earnings-related data on Eagle Materials (EXP) click here.