Eagle Materials Reports Record Revenue Amid Earnings Decline

Eagle Materials ( (EXP) ) has released its Q1 earnings. Here is a breakdown of the information Eagle Materials presented to its investors.

Eagle Materials Inc. is a prominent U.S. manufacturer specializing in heavy construction products and light building materials, including Portland Cement and Gypsum Wallboard, primarily serving the infrastructure and construction sectors across the nation. The company operates over 70 facilities in 21 states, with its headquarters located in Dallas, Texas.

In its first-quarter fiscal 2026 earnings report, Eagle Materials announced record revenue of $634.7 million, marking a 4% increase from the previous year. However, net earnings fell by 8% to $123.4 million, and earnings per diluted share decreased by 5% to $3.76. Despite these declines, the company maintained strong gross margins and continued strategic investments in its facilities.

Key highlights from the report include a 5% revenue increase in the Heavy Materials sector, driven by higher Cement sales volumes and contributions from newly acquired aggregates businesses. However, operating earnings in this sector decreased due to increased operating costs. In the Light Materials sector, revenue rose slightly by 1%, with higher Gypsum Wallboard sales volume offsetting a decline in sales prices. The company also repurchased 358,000 shares of common stock for $79 million, demonstrating a commitment to shareholder value.

Looking ahead, Eagle Materials remains optimistic about long-term growth opportunities, particularly in infrastructure renovation and expansion. The company is progressing with modernization projects at its Mountain Cement and Duke Gypsum Wallboard plants, positioning itself to capitalize on future market recoveries. With a strong balance sheet and disciplined capital allocation, Eagle Materials aims to continue delivering attractive shareholder returns.