Eagle Materials reports Q2 EPS $4.23, consensus $4.35

Reports Q2 revenue $638.9M, consensus $635.55M. Commenting on the second quarter results, Michael Haack, President and CEO, said, “Eagle’s portfolio of businesses continued to perform well during the quarter, generating record revenue of $639 million, EPS of $4.23 and gross margins of 31.3%. We repurchased 395,500 shares of our common stock for approximately $89 million and ended the quarter with debt of $1.3 billion and a net leverage ratio of 1.6x, giving us substantial financial flexibility that supports disciplined capital allocation and long-term growth.”