Eagle Materials Inc.
A maker of cement, concrete and aggregates, gypsum wallboard, and recycled paperboard for infrastructure and residential construction across the U.S. heartland. It began in 1963 as a building-materials arm of homebuilder Centex Corporation, then was spun off in 2004 and renamed Eagle Materials, with the name change pitched as the division "spreading its wings." Its brands include American Gypsum wallboard and Republic Paperboard.
10-Q · Quarter ended Jun 30, 2026 · SEC filing ↗
Costs rose faster than record and pushed quarterly profit down. Revenue rose 3% to $651.0M but fell 17% to $102.1M and fell 12.5% to $3.29 as Cement and Gypsum Wallboard operating earnings each declined on higher costs. The company posted its highest quarterly revenue while profit margins compressed under sustained cost pressure.
Record Q1 revenue of $651M (+3%) was offset by higher costs, driving a 17% decline in net earnings to $102M.
We are exposed to market risks related to fluctuations in interest rates on our Revolving Credit Facility and Term Loan. We have occasionally used derivative instruments, including interest rate swaps, in conjunction with our overall strategy to manage the debt outstanding that…
We are exposed to market risks related to fluctuations in interest rates on our Revolving Credit Facility and Term Loan. We have occasionally used derivative instruments, including interest rate swaps, in conjunction with our overall strategy to manage the debt outstanding that is subject to interest rate changes. We had a $750.0 million Revolving Credit Facility at June 30, 2026, under which borrowings bear interest at a variable rate. A hypothetical 100 basis point increase in interest rates on the $277.5 million of borrowings under the Term Loan at June 30, 2026, would increase interest expense by approximately $2.8 million on an annual basis. At present, we do not use derivative financial instruments. We are subject to commodity risk with respect to price changes principally in coal, coke, natural gas, and power. We attempt to limit our exposure to changes in commodity prices by entering into contracts or increasing our use of alternative fuels.
Read original filing text →In addition to the legal matters described in Part 1, Item 3 Legal Proceedings of our Form 10-K for the fiscal year ended March 31, 2026, from time to time, we have been and may in the future become involved in litigation or other legal proceedings in the ordinary course of our…
In addition to the legal matters described in Part 1, Item 3 Legal Proceedings of our Form 10-K for the fiscal year ended March 31, 2026, from time to time, we have been and may in the future become involved in litigation or other legal proceedings in the ordinary course of our business activities or in connection with transactions or activities we undertake, including claims related to worker safety, worker health, environmental matters, commercial contracts, product liability, personal injury, land use rights, taxes, and permits. While the outcome of these proceedings cannot be predicted with certainty, in the opinion of management (based on currently available facts), we do not believe that the ultimate outcome of any currently pending legal proceeding will have a material effect on our consolidated financial condition, results of operations, or liquidity. For additional information regarding claims and other contingent liabilities to which we may be subject, see Note (O) to the Unaudited Consolidated Financial Statements.
Read original filing text →There have been no material changes to the risk factors as disclosed in Part 1. Item 1A. Risk Factors in our Form 10-K for the fiscal year ended March 31, 2026, filed with the Securities and Exchange Commission on May 19, 2026.
There have been no material changes to the risk factors as disclosed in Part 1. Item 1A. Risk Factors in our Form 10-K for the fiscal year ended March 31, 2026, filed with the Securities and Exchange Commission on May 19, 2026.
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