DALLAS - Eagle Materials Inc. (NYSE: EXP) reported fourth quarter results that exceeded analyst expectations on Tuesday, with adjusted earnings per share of $1.91 beating the consensus estimate of $1.60 by $0.31.
Shares of the company rose 3.30% in pre-market trading following the results.
Revenue reached $479.1 million, surpassing the $452.66 million analyst estimate and rising 2% from the prior year quarter.
The company achieved record annual revenue of $2.3 billion for fiscal 2026, up 2% YoY. Fourth quarter net earnings totaled $60.2 million, or $1.91 per diluted share, compared with $66.5 million, or $2.00 per share, in the prior year period. Adjusted EBITDA for the quarter was $136.1 million, down 4% YoY.
The Heavy Materials segment drove performance, with cement revenue including joint venture operations increasing 15% to $245.7 million in the quarter.
Cement sales volume climbed 15% to 1.4 million tons, though average net cement prices declined 2% to $153.99 per ton. The Light Materials segment saw revenue decline 9% to $214.6 million, as gypsum wallboard sales volume decreased 4% and average prices fell 8%.
"Amid geopolitical uncertainty and ongoing fiscal and trade policy disruptions, our combined businesses delivered strong financial, operational, and strategic performance in fiscal 2026," said Michael Haack, President and CEO.
For fiscal 2026, the company generated operating cash flow of $614 million and returned $414 million to shareholders through share repurchases and dividends.
Eagle repurchased approximately 338,000 shares for $71.5 million during the fourth quarter. The company ended the year with net debt of $1.5 billion and a net leverage ratio of 1.9x.
