Eagle Materials launches strategic review

Eagle Materials Inc, USA, has launched a strategic review of its portfolio of businesses, including heavy materials, light materials, and oil and gas proppants.

The review will be conducted by its Board of Directors and management team, with the support of independent financial advisors.

“As part of the portfolio review, the Company will carefully consider the full range of options focused on enhancing the value creation potential of Eagle, including separating the businesses and evaluating potential transactions, among other strategic and financial alternatives,” the company said in a statement.

The company is expecting fiscal fourth-quarter revenue of US$283m to US$285m and a net loss per share of US$2.84 to US$2.80