--- title: "Eagle Materials | 8-K: FY2026 Revenue Beats Estimate at USD 2.309 B" type: "News" locale: "en" url: "https://longbridge.com/en/news/286897696.md" datetime: "2026-05-19T10:48:02.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/286897696.md) - [en](https://longbridge.com/en/news/286897696.md) - [zh-HK](https://longbridge.com/zh-HK/news/286897696.md) --- # Eagle Materials | 8-K: FY2026 Revenue Beats Estimate at USD 2.309 B Revenue: As of FY2026, the actual value is USD 2.309 B, beating the estimate of USD 2.281 B. EPS: As of FY2026, the actual value is USD 13.16, beating the estimate of USD 12.8143. EBIT: As of FY2026, the actual value is USD 588.46 M. ### Outlook/Guidance Eagle Materials Inc. is committed to maintaining performance despite near-term demand uncertainty due to geopolitical, trade, and fiscal-policy conditions . The company plans to commission a new kiln line at its Laramie, Wyoming Cement plant in late calendar 2026 and a new wallboard line at its Duke, Oklahoma Gypsum Wallboard plant in the second half of calendar 2027 . These investments are expected to increase plant capacity, reduce operating costs, and enhance production flexibility and reliability . ### Full Year Fiscal 2026 Highlights - Net Earnings: $423.8 million, down 9% . - Adjusted EBITDA: $774.5 million, down 5% . - Gross profit margin: 28.3% . - Operating cash flow: $614 million . - Cash returned to shareholders (through share repurchases and dividends): $414 million . - Debt: $1.8 billion . - Net debt: $1.5 billion . - Net leverage ratio (net debt to Adjusted EBITDA): 1.9x . - Corporate General and Administrative Expenses: Increased by approximately 21%, primarily due to $4.8 million in technology upgrades and $7.8 million of compensation-related costs . ### Fourth Quarter Fiscal 2026 Highlights - Net earnings: $60.2 million, down 10% . - Adjusted EBITDA: $136.1 million, down 4% . ### Segment Financial Results - Full Year Fiscal 2026 #### Heavy Materials - Operating earnings: $341.2 million, up 10% . - Cement operating earnings: $328.3 million, up 3% . - Concrete and Aggregates operating earnings: $12.9 million . #### Light Materials - Operating earnings: $331.4 million, a decrease of 15% . ### Segment Financial Results - Fourth Quarter Fiscal 2026 #### Heavy Materials - Cement operating earnings: $36.1 million, up 31% . - Concrete and Aggregates operating loss: -$2.6 million, compared to -$9.4 million in the prior-year fourth quarter . #### Light Materials - Operating earnings: $78.3 million, a decrease of 14% . ### Other Financial Metrics - Gross Profit: $652.543 million for the fiscal year ended March 31, 2026, compared to $673.137 million for the fiscal year ended March 31, 2025 . For the quarter ended March 31, 2026, gross profit was $106.326 million, compared to $104.612 million for the quarter ended March 31, 2025 . - Earnings Before Interest and Income Taxes: $588.458 million for the fiscal year ended March 31, 2026, compared to $632.011 million for the fiscal year ended March 31, 2025 . For the quarter ended March 31, 2026, earnings before interest and income taxes were $90.088 million, compared to $91.065 million for the quarter ended March 31, 2025 . - Interest Expense, net: -$46.482 million for the fiscal year ended March 31, 2026, compared to -$40.526 million for the fiscal year ended March 31, 2025 . For the quarter ended March 31, 2026, interest expense, net was -$11.692 million, compared to -$10.067 million for the quarter ended March 31, 2025 . - Income Tax Expense: -$118.167 million for the fiscal year ended March 31, 2026, compared to -$128.069 million for the fiscal year ended March 31, 2025 . For the quarter ended March 31, 2026, income tax expense was -$18.235 million, compared to -$14.518 million for the quarter ended March 31, 2025 . - EBITDA: $753.204 million for the fiscal year ended March 31, 2026, compared to $790.913 million for the fiscal year ended March 31, 2025 . For the quarter ended March 31, 2026, EBITDA was $130.591 million, compared to $133.306 million for the quarter ended March 31, 2025 . - Cash and Cash Equivalents: $297.920 million as of March 31, 2026, compared to $20.401 million as of March 31, 2025 . - Total Debt (excluding debt issuance costs): $1,781.250 million as of March 31, 2026, compared to $1,246.250 million as of March 31, 2025 . - Net Debt: $1,483.330 million as of March 31, 2026, compared to $1,225.849 million as of March 31, 2025 . - Net Debt to Adjusted EBITDA: 1.9x as of March 31, 2026, compared to 1.5x as of March 31, 2025 . - Depreciation, Depletion and Amortization (Total): $164.746 million for the fiscal year ended March 31, 2026, compared to $158.902 million for the fiscal year ended March 31, 2025 . For the quarter ended March 31, 2026, total DDA was $40.503 million, compared to $42.241 million for the quarter ended March 31, 2025 . ### Operational Metrics - Cement Sales Volume (Wholly Owned): 6,770 M Tons for FY26, up 9% from 6,237 M Tons in FY25 . 1,227 M Tons for Q4 FY26, up 14% from 1,081 M Tons in Q4 FY25 . - Cement Sales Volume (Joint Venture): 701 M Tons for FY26, up 4% from 675 M Tons in FY25 . 194 M Tons for Q4 FY26, up 23% from 158 M Tons in Q4 FY25 . - Total Cement Sales Volume: 7,471 M Tons for FY26, up 8% from 6,912 M Tons in FY25 . 1,421 M Tons for Q4 FY26, up 15% from 1,239 M Tons in Q4 FY25 . - Average annual net Cement sales price: $155.18 per ton, down 1% (FY26) . Average net Cement sales price: $153.99 per ton, down 2% (Q4 FY26) . - Concrete Sales Volume: 1,232 M Cubic Yards for FY26, unchanged from 1,235 M Cubic Yards in FY25 . 265 M Cubic Yards for Q4 FY26, up 8% from 246 M Cubic Yards in Q4 FY25 . - Aggregates Sales Volume (organic, excluding acquired businesses): Up 24% (FY26) . - Aggregates Sales Volume (Total): 6,567 M Tons for FY26, up 70% from 3,854 M Tons in FY25 . 1,239 M Tons for Q4 FY26, up 5% from 1,183 M Tons in Q4 FY25 . - Gypsum Wallboard annual sales volume: 2.8 billion square feet (BSF), down 7% (FY26) . Gypsum Wallboard sales volume: 690 million square feet (MMSF), down 4% (Q4 FY26) . - Average net sales price (Gypsum Wallboard): $226.08 per MSF, down 4% (FY26) . Average net sales price (Gypsum Wallboard): $213.27 per MSF, down 8% (Q4 FY26) . - Recycled Paperboard annual sales volume: 341,000 tons, down 3% (FY26) . Recycled Paperboard sales volume: 88,000 tons, up 5% (Q4 FY26) . - Average Recycled Paperboard net sales price: $587.33 per ton, down 1% (Q4 FY26) . ### Capital Allocation (Over past five fiscal years) - Acquisitions: $388.4 million . - Organic capital expenditures: $905.0 million . - Share repurchases and dividends: $2.2 billion . ### Related Stocks - [EXP.US](https://longbridge.com/en/quote/EXP.US.md) ## Related News & Research - [Eagle Materials Q4 revenue beats, helped by higher cement sales volume](https://longbridge.com/en/news/286896428.md) - [Eagle Materials Announces Fourth Quarter and Fiscal Year 2026 Results | EXP Stock News](https://longbridge.com/en/news/286894946.md) - [Eagle Materials Q4 2026 Earnings Call Transcript](https://longbridge.com/en/news/286922314.md) - [Eagle Materials Earnings Are Imminent; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call](https://longbridge.com/en/news/286770973.md) - [The Home Depot Announces First Quarter Fiscal 2026 Results; Reaffirms Fiscal 2026 Guidance | HD Stock News](https://longbridge.com/en/news/286890512.md)