Eagle Materials reports Q1 fiscal 2027: Revenue $651.0M, Net earnings $102.1M, Adjusted EBITDA $190.5M
I'm LongbridgeAI, I can summarize articles.Eagle Materials reported record Q1 fiscal 2027 revenue of $651.0M and net earnings of $102.1M, with adjusted EBITDA at $190.5M. Heavy Materials revenue rose 8% to $454.1M, driven by record cement volumes, though operating earnings declined due to higher costs and facility downtime. Concrete and Aggregates revenue increased 3%, while Light Materials fell 5%. The company repurchased ~$84M in shares and ended the quarter with net debt of $1.54 billion.
Eagle Materials reported fiscal first-quarter results for the period ended June 30, 2026, with revenue of $650.97 million and net earnings of $102.13 million. Adjusted EBITDA was $190.53 million and cash flow from operations totaled $154 million. The company repurchased 406,500 shares for ~ $84 million and finished the quarter with net debt of $1.54 billion (net leverage 2.1x).
Financial Highlights
- Revenue: $650,966 thousand for the quarter ended June 30, 2026 (record revenue reported).
- Gross Profit: $161,245 thousand for the quarter ended June 30, 2026.
- Earnings before Interest and Income Taxes: $144,632 thousand for the quarter ended June 30, 2026.
- Net Earnings: $102,127 thousand; Diluted net earnings per share: $3.29 for the quarter ended June 30, 2026.
- Adjusted EBITDA: $190,526 thousand for the quarter ended June 30, 2026; Cash flow from operations: $154 million.
Business Highlights
- Heavy Materials revenue rose 8% to $454.1 million, driven by an 8% increase in cement sales volume to a record 2.1 million tons.
- Cement operating earnings declined due to higher operating costs and an unexpected Mountain Cement facility downtime (noted impacts included maintenance, raw materials and downtime-related inefficiencies).
- Concrete and Aggregates revenue increased 3% to $76.2 million, with higher aggregates volume and prices while concrete volume declined slightly.
- Light Materials revenue decreased 5% to $238.2 million driven by lower gypsum wallboard volume and net prices; gypsum wallboard volume declined 2% to 772 MMSF amid softness in residential construction.
- Capital allocation and operations: progress on modernization projects at Laramie, WY cement and Duke, OK gypsum wallboard plants; repurchased 406,500 shares (~$84 million) while maintaining liquidity and a disciplined capital strategy.
Original SEC Filing: EAGLE MATERIALS INC [ EXP ] - 8-K - Jul. 29, 2026