EAGLE MATERIALS (EXP) Company Report

Eagle Materials Inc. issued $750,000,000 aggregate principal amount of 5.000% Senior Notes due 2036.
The offering closed on November 13, 2025, generating net proceeds of approximately $734.9 million.
A portion of the net proceeds will be used to repay outstanding borrowings under the company's revolving credit facility, with the remainder allocated for general corporate purposes.
Interest on the notes will be paid semi-annually on March 15 and September 15 of each year, commencing March 15, 2026.

Nov 13, 2025, 9:15 PM

8-K

Eagle Materials Reports Record Q2 Fiscal 2026 Revenue and EPS, Outlines Capital Spending Plans

EXP

Earnings

Guidance Update

Share Buyback

Eagle Materials achieved record revenue of $639 million and an EPS of $4.23 for the second quarter of fiscal year 2026.
The company anticipates total capital spending for fiscal year 2026 to be in the range of $475 million to $500 million, primarily allocated to the modernization and expansion of its Laramie cement plant and Duke wallboard facility.
Heavy materials sector revenue increased 11%, driven by higher cement sales volume and contributions from recently acquired aggregates businesses, while light materials sector revenue decreased 13% due to lower wallboard sales volume.
During the quarter, Eagle Materials repurchased approximately 396,000 shares for $89 million and announced cement price increases effective January 1, 2026, across most markets.

Oct 30, 2025, 12:30 PM

Transcript

Eagle Materials Reports Q2 Fiscal Year 2026 Results

EXP

Earnings

New Projects/Investments

Share Buyback

Eagle Materials reported record revenue of $639 million and EPS of $4.23 for the second quarter of fiscal year 2026, with EPS down 1% from the prior year.
The Heavy Materials sector's revenue increased 11%, driven by higher cement sales volume and acquired aggregates businesses, including a 35% rise in organic aggregates sales volume. Cement price increases have been announced for January 1, 2026.
The company is undertaking significant modernization projects at its Laramie cement plant and Duke wallboard facility, with fiscal 2026 capital spending projected between $475 million and $500 million. Additionally, Eagle Materials repurchased approximately 396,000 shares for $89 million during the quarter.

Oct 30, 2025, 12:30 PM

Transcript

Eagle Materials Reports Q2 Fiscal 2026 Results, Advances Modernization Projects

EXP

Earnings

New Projects/Investments

Demand Weakening

Eagle Materials reported record revenue of $639 million and EPS of $4.23 for the second quarter of fiscal year 2026.
The Heavy Materials sector saw revenue increase 11%, driven by an 8% rise in Cement sales volume and 35% organic Aggregates volume growth, while the Light Materials sector's revenue decreased 13% due to lower Wallboard sales volume and 2% lower prices.
The company is progressing with its $430 million Laramie Cement plant modernization (expected completion by end of calendar 2026) and the Duke Wallboard plant upgrade (expected completion in the second half of calendar 2027), which are anticipated to reduce manufacturing costs by 25% and 20% respectively.
Capital spending for fiscal 2026 is projected to be between $475 million and $500 million, and the company repurchased approximately 396,000 shares for $89 million during the quarter.
The outlook for Cement and Aggregates volumes remains favorable with announced price increases for January 1st, 2026, while Wallboard demand is expected to face near-term headwinds.

Oct 30, 2025, 12:30 PM

Transcript

Eagle Materials Announces Q2 Fiscal Year 2026 Results

EXP

Earnings

Share Buyback

New Projects/Investments

EXP (Eagle Materials) reported record revenue of $639 million for Q2 Fiscal Year 2026, a 2% increase year-over-year, with diluted EPS of $4.23.
The company generated $205 million in operating cash flow and returned approximately $97 million to shareholders, including $89 million in share repurchases.
Heavy Materials revenue grew to $467 million, driven by an 8% increase in Cement sales volume and a 103% increase in Aggregate sales volume, while Light Materials revenue declined to $213 million due to a 14% decrease in Wallboard sales volume.
Significant progress was made on the Laramie, Wyoming cement plant modernization, which is expected to reduce operating costs by 25% and increase production by 400,000 tons upon completion in late calendar 2026.

Oct 30, 2025, 12:30 PM

Presentation

Eagle Materials Reports Second Quarter Fiscal 2026 Results

EXP

Earnings

Share Buyback

New Projects/Investments

Eagle Materials reported record revenue of $638.9 million and net earnings per diluted share of $4.23 for the second quarter of fiscal 2026, ended September 30, 2025.
The company repurchased 395,500 shares of its common stock for approximately $89 million during the quarter.
Heavy Materials sales volume increased, with Cement up 8% and organic Aggregates up 35%, while Gypsum Wallboard sales volume decreased 14%.
Eagle Materials ended the quarter with $1.3 billion in debt and a net leverage ratio of 1.6x, and continued investments in plant modernization and expansion.

Oct 30, 2025, 10:30 AM

Press Release

Earnings Transcripts

Quarterly earnings call transcripts for EAGLE MATERIALS.

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