Eagle Materials (EXP) Tops Q1 EPS by 7c

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Eagle Materials Reports First Quarter EPS up 24% on Record Revenues

July 25, 2016 6:00 AM EDT

DALLAS--(BUSINESS WIRE)-- Eagle Materials Inc. (NYSE: EXP) today reported financial results for the first quarter of fiscal 2017 ended June 30, 2016. Notable items for the quarter include (all comparisons, unless otherwise noted, are with the prior years first quarter):

Company First Quarter Results

Record revenues of $297.5 million, up 4% Earnings before interest and income taxes of $71.2 million, up 18% Net Earnings of $45.3 million, up 20% Net earnings per diluted share of $0.93, up 24%

Other Highlights

Eagle repurchased 525,000... More