Eagle Materials (EXP) Misses Q2 EPS by 26c, Miss on Revenues

Eagle Materials (NYSE: EXP) reported Q2 EPS of $1.31, $0.26 worse than the analyst estimate of $1.57. Revenue for the quarter came in at $376.3 million versus the consensus estimate of $418.01 million.

Company Second Quarter Results

• Record revenues of $376.3 million, up 13%
• Earnings before income taxes of $92.3 million, up 3%
• Net Earnings per diluted share of $1.31, up 5%

Business Sales Volume Results Reflect Storm Interruption Effects

• Cement wholly-owned volumes were up 12%, including the Fairborn Business, while our Texas Lehigh cement joint venture volumes were down 6%; cement prices were up 7% overall
• Gypsum wallboard volumes and prices were essentially flat

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

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