Eagle Materials tops estimates as cement demand offsets housing weakness

Eagle Materials (EXP) exceeded Wall Street estimates in its quarterly results, driven by strong demand for cement and aggregates amid infrastructure projects, despite challenges in the residential housing sector. The company reported Q4 revenue of $479.1 million and net income of $60.2 million, surpassing analyst expectations. Shares rose 4.8% in premarket trading. For fiscal 2026, revenue in the heavy materials segment increased 10% to $1.6 billion, while the light materials segment faced a 9% revenue decline. The company also repurchased 1.7 million shares for $382 million.