Cement News tagged under: Eagle Materials
Eagle Materials helped by addition of oil & gas15 May 2015, Published under Cement NewsIncluding its share of the jointly-owned Texas Lehigh Cement, the turnover of Eagle Materials for the financial year to the end of March advanced by 18.1 per cent to US$1192.6m. Of this total turnover, cement represented 40.2 per cent, plasterboard accounted for 36.7 per cent, aggregates & concrete for 9.0 per cent, plasterboard liner for 7.3 per cent and oil & gas for 6.8 per cent. The trading profit rose by 34.6 per cent to US$302.30m, helped by the first significant contribution from oi... |
Eagle Materials net profit rises by 37.8%04 February 2015, Published under Cement NewsIncluding its share of the jointly-owned Texas Lehigh Cement, the turnover of Eagle Materials for the first nine months to 31 December, rose by 19.1 per cent to US$941.2m. The trading profit before corporate overheads increased by 33.7 per cent to US$246.9m, of which cement contributed 39.1 per cent. The trading profit improved by 32.5 per cent to US$220.3m. After a net interest charge 15.3 per cent lower at US$12.1, the pre-tax profit advanced by 37 per cent to US$208.2m and the net prof... |
Eagle Materials announces appointment of COO02 December 2014, Published under Cement NewsEagle Materials Inc has appointed Michael Haack as Chief Operating Officer (COO), reporting to Steve Rowley, president and CEO. “The COO position is a newly-created one in response to the company's significant growth and continued strategic expansion in construction and energy-related markets,” Eagle Materials said in a statement. Mr Haack joins Eagle from Halliburton Energy Services, where he enjoyed a 17-year career, most recently working with the management of Global Operations for Sp... |
Eagle Materials reports record 2Q volumes29 October 2014, Published under Cement NewsEagle Materials' first-half turnover to the end of September, including its share of the Texan cement joint venture with HeidelbergCement, increased by 15.2 per cent to US$616.78m. The trading profit advanced by 22.5 per cent to US$138.32m. After a net interest charge that was 18.4 per cent lower at US$7,95m, the pre-tax profit rose by 26.3 per cent to US$130.36m. The tax charge was 27.5 per cent higher, leaving the net attributable profit 25.7 per cent ahead at US$88.03m. Net debt decl... |
Eagle Materials appoints Beckwitt to Board of Directors24 September 2014, Published under Cement NewsEagle Materials announced that it has appointed Richard Beckwitt to its Board of Directors. Mr Beckwitt is President of Lennar Corporation, where he has worked for eight years. Prior to his work with Lennar, Mr Beckwitt held various executive officer positions at DR Horton, including President. "Rick brings a wealth of experience in the homebuilding business to the Eagle Board along with superb operational and financial talents," said Eagle's Chairman... |
Eagle advances cement volumes by 4%23 July 2014, Published under Cement NewsIn the first quarter of its financial year to 31 of March 2014, Eagle Materials' turnover, including its share of the Texas Lehigh cement joint venture, increased by 17 per cent to US$298.8m. The trading profit advanced by 21 per cent to US$59.8m and after an interest charge 18.2 per cent lower at US$4.1m, the pre-tax profit was up by 25.2 per cent to US$55.81m and the net attributable profit rose by 25.3 per cent to US$37.7m. Net debt at the end of June stood at US$490.7m, giving a gear... |
Eagle boosted by cement and plasterboard, USA15 May 2014, Published under Cement NewsIncluding its share of the jointly-owned Texas Lehigh Cement, the turnover of Eagle Materials for the financial year to the end of March advanced by 36.7 per cent to US$1009.8m. Of this total turnover, cement represented 42.5 per cent, plasterboard accounted for 38.3 per cent, aggregates and concrete for 11.4 per cent and plasterboard liner for 7.7 per cent. The trading profit rose by 64.5 per cent to US$223.27m, helped by strong advances in both cement and plasterboard as additional volu... |
Eagle Materials boosted by acquisition05 February 2014, Published under Cement NewsIncluding its share of the jointly-owned Texas Lehigh Cement, the turnover of Eagle Materials for the first nine months to 31 December 2013 rose by 37.2 per cent to US$757m. The trading profit before corporate overheads increased by 67.5 per cent to US$184.7m, of which cement contributed 41.9 per cent. The trading profit advanced by 96.8 per cent to US$166.3m. After a net interest charge 27.6 per cent higher at US$14.2, the pre-tax profit jumped by 107.3 per cent to US$152m and the net pr... |
Eagle's 1H benefits from Lafarge acquisition31 October 2013, Published under Cement NewsFirst-half turnover for Eagle Materials to the end of September, including its share of the Texan cement joint venture with HeidelbergCement, advanced by 46 per cent to US$535.47m. The trading profit, which virtually trebled in the comparative period last year, rose by a further 111.7 per cent to US$112.95m. After a net interest charge that rose by 33.3 per cent to US$9750m, reflecting acquisition from Lafarge of two integrated cement works and a number of downstream assets at the end of ... |
Acquisitions, improved markets drive Eagle's 1Q08 August 2013, Published under Cement NewsIn the first quarter of its financial year to 31 March 2013, Eagle Materials' turnover, including its share of the Texas Lehigh cement joint venture, rose by 43.7 per cent to US$255.4m as the company was boosted by acquisitions and improving markets. Trading profit more than doubled (+108.9 per cent) to US$49.47m and after an interest charge 31.6 per cent higher at US$4.96m, the pre-tax profit advanced by 123.5 per cent to US$44.51m and the net attributable profit emerged 115.4 per cent ... |