Cement News tagged under: Eagle Materials
Eagle Materials posts record results22 May 2024, Published under Cement NewsEagle Materials has reported record revenue of US$2.3bn in the FY23-24, ended 31 March 2024, marking a five per cent advance YoY. Net earnings over the year improved by three per cent to reach a record US$477.6m, while adjusted EBITDA was up seven per cent YoY to US$834.5m. In the 4QFY23-24, revenue advanced to US$476.7m, up one per cent on the same period a year earlier. Net earnings over the three-month period fell 23 per cent to US$77.1m, while adjusted EBITDA contracted 10 per cent... |
Eagle Materials expands Laramie plant21 May 2024, Published under Cement NewsEagle Materials has announced plans to modernise and expand its cement plant in Laramie, Wyoming, USA, and related distribution facilities, to serve the growing northern Colorado area, Nebraska, Utah and Wyoming. The upgraded plant and additional distribution facility in northern Colorado will feature state-of-the-art technology, designed to maximise operational efficiency and further strengthen Eagle’s low-cost producer position, according to the company. The expansion will increase t... |
Eagle Materials reports record revenue in 3QFY23-2401 February 2024, Published under Cement NewsUS-based Eagle Materials has reported record revenue of US$558.8m in the third quarter of FY23-24 (3QFY24), ended 31 December 2023, marking a nine per cent increase YoY. The results come despite “a backdrop of shifting, albeit constructive, market conditions as interest rates moved materially lower during the latter half of the quarter,” said Michael Haack, president, Eagle Materials. Adjusted EBITDA was up 10 per cent YoY to US$218.6m, while the company also reported record net earnings o... |
Eagle Materials Inc's heavy materials division achieves revenue of US$396m in 1QFY23-2404 August 2023, Published under Cement NewsEagle Materials Inc 's first quarter of FY23-24 ended 30 June 2023 saw revenue in the heavy materials sector joint venture (JV) and intersegment cement revenue reach US$396m, a 15 per cent improvement. Heavy Materials (cement, concrete and aggregates) operating earnings increased 19 per cent to US$81m primarily because of higher cement sales prices and sales volume partially offset by increased maintenance costs and the effects of an extended maintenance outage at the joint venture. ... |
Eagle Materials' cement revenue up 14% YoY in 4QFY2322 May 2023, Published under Cement NewsEagle Materials has posted record revenue of US$470.1m in the 4QFY23 (ended 31 March 2023), marking a 14 per cent increase YoY. Net earnings over the same period advanced by 35 per cent to US$100.4m, while adjusted EBITDA was up 30 per cent at US$171.7m. Cement revenue, including joint venture and intersegment revenue, in the quarter came in at US$213.8m, up 14 per cent YoY. Operating earnings for the cement business expanded by 59 per cent YoY to US$45.3m, driven by higher net sales p... |
Eagle Materials completes Martin Marietta cement acquisition05 May 2023, Published under Cement NewsEagle Materials has completed its acquisition of Martin Marietta ’s cement import and distribution business in northern California, which includes its cement terminal in Stockton. According to Eagle, the acquisition is consistent with the company’s strategic intentions to extend and strengthen its distribution reach across its heartland US cement manufacturing system. Commenting on the acquisition, Michael Haack, president and CEO of Eagle Materials, said, “Our Nevada Cement operation... |
Eagle Materials achieves record revenue27 January 2023, Published under Cement NewsEagle Materials has reported record revenue of US$511m in the third quarter of fiscal 2023 ended 31 December 2022, marking a YoY increase of 10 per cent. Record net earnings were also seen over the quarter, coming in at US$117m, up 14 per cent YoY, while net earnings per share (EPS) advanced by 26 per cent to US$3.20. Adjusted EBITDA saw growth of 14 per cent YoY to US$199m. Commenting on the results, Michael Haack, president and CEO of Eagle Materials, said, “We are pleased to announc... |
American Gypsum announces new president10 January 2023, Published under Cement NewsSteven L Wentzel has announced that he is retiring as president of American Gypsum Co LLC, an indirect wholly-owned subsidiary of Eagle Materials Inc , effective from 1 June 2023. Mr Wentzel has been with the company for 28 years and served as president for the last three. Succeeding him will be Eric M Cribbs, the company’s current executive vice president of concrete and aggregates, advanced cementitious materials, logistics, and procurement and materials, a role he has held since Janua... |
Eagle Materials posts 19% rise in revenue in 2QFY2328 October 2022, Published under Cement NewsEagle Materials has posted a 19 per cent YoY increase in revenue to a record US$605m in the second quarter of fiscal year 2023 ended 30 September. Record net earnings of US$139m were also seen over the same period, up 36 per cent YoY. Adjusted EBITDA advanced 21 per cent to US$227m. Commenting on the results, Michael Haack, president and CEO of Eagle Materials, said, “At this unique time in the US markets, we are pleased to report second quarter results that once again exceeded our exp... |
Eagle Materials sees record revenue29 July 2022, Published under Cement NewsEagle Materials has reported 18 per cent YoY growth in revenue to US$561.4m in the first quarter of fiscal 2023 ended 30 June 2022. This record result is being attributed to healthy construction activity in all markets and broad pricing gains across the company’s portfolio. Record net earnings were also seen, coming in up 10 per cent YoY at US$105m, while adjusted EBITDA over the same period advanced by 13 per cent to US$184.1m Revenue in the heavy materials sector, which includes cement,... |