Eagle Materials Q3 Earnings Beat Expectations Despite EPS Miss
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1d ago
0mins
Source: seekingalpha
- Revenue Performance: Eagle Materials reported Q3 revenue of $556 million, a slight decline of 0.4% year-over-year, yet it exceeded market expectations by $1.1 million, indicating resilience in a competitive market environment.
- Earnings Per Share: The GAAP EPS of $3.22 fell short of expectations by $0.18, reflecting the impact of cost pressures on profitability despite the revenue beat.
- Net Earnings and Adjusted EBITDA: Net earnings stood at $102.9 million with adjusted EBITDA at $190.1 million, demonstrating the company's efforts in cost control and operational efficiency, even amidst revenue challenges.
- Share Repurchase: The company repurchased approximately 648,000 shares of its common stock for $142.6 million, showcasing management's confidence in the long-term value of the company while potentially providing additional returns to shareholders.
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Analyst Views on EXP
Wall Street analysts forecast EXP stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for EXP is 231.29 USD with a low forecast of 210.00 USD and a high forecast of 251.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
7 Analyst Rating
1 Buy
6 Hold
0 Sell
Hold
Current: 211.970
Low
210.00
Averages
231.29
High
251.00
Current: 211.970
Low
210.00
Averages
231.29
High
251.00
About EXP
Eagle Materials Inc. is a manufacturer of heavy construction materials and light building materials in the United States. Its primary products are Portland Cement and Gypsum Wallboard, which are used in building, expanding and repairing roads, highways and residential, commercial and industrial structures. Its segments include Cement; Concrete and Aggregates segments; Gypsum Wallboard, and Recycled Paperboard. Its business is organized into two sectors: Heavy Materials, which includes the Cement and Concrete and Aggregates segments; and Light Materials, which includes the Gypsum Wallboard and Recycled Paperboard segments. It manufactures and sells its products through a network of approximately 70 facilities spanning 21 states. It operates approximately eight cement plants, two slag grinding facilities and 30 cement distribution terminals. It operates over 25 ready-mix concrete batch plants, seven aggregate processing plants, five gypsum wallboard plants and a recycled paperboard mill.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Eagle Materials Reports Strong Q3 2026 Earnings Amid Mixed Market Conditions
- Solid Financial Performance: Eagle Materials reported $556 million in revenue and $3.22 earnings per share for Q3 2026, reflecting resilience despite a slight decline from the previous year amid mixed construction conditions.
- Capital Expenditure Plans: Management expects total capital spending for fiscal 2026 to range between $430 million and $450 million, primarily for the modernization and expansion of the Laramie, Wyoming Cement plant and Duke, Oklahoma Wallboard plant, indicating a commitment to future growth.
- Waste-to-Revenue Strategy: CEO Haack emphasized several initiatives aimed at converting waste streams into revenue streams, further solidifying the company's position as a low-cost producer, which is expected to enhance overall profitability.
- Shareholder Returns: In Q3, Eagle Materials returned nearly $150 million to shareholders through dividends and share repurchases, buying back approximately 648,000 shares, demonstrating the company's commitment to shareholder value.
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Eagle Materials EXP Q3 2025 Earnings Transcript
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