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Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Eagle Materials's retained earnings for the quarter that ended in Dec. 2023 was $1,336 Mil.
Eagle Materials's quarterly retained earnings increased from Jun. 2023 ($1,242 Mil) to Sep. 2023 ($1,310 Mil) and increased from Sep. 2023 ($1,310 Mil) to Dec. 2023 ($1,336 Mil).
Eagle Materials's annual retained earnings declined from Mar. 2021 ($1,300 Mil) to Mar. 2022 ($1,136 Mil) but then increased from Mar. 2022 ($1,136 Mil) to Mar. 2023 ($1,189 Mil).
The historical data trend for Eagle Materials's Retained Earnings can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Eagle Materials Annual Data | |||||||||||||||||||||
Trend | Mar14 | Mar15 | Mar16 | Mar17 | Mar18 | Mar19 | Mar20 | Mar21 | Mar22 | Mar23 | |||||||||||
Retained Earnings | Get a 7-Day Free Trial | 1,212.35 | 960.07 | 1,299.51 | 1,136.34 | 1,188.88 |
Eagle Materials Quarterly Data | ||||||||||||||||||||
Mar19 | Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | |
Retained Earnings | Get a 7-Day Free Trial | 1,168.26 | 1,188.88 | 1,241.56 | 1,309.74 | 1,336.22 |
Retained Earnings is the accumulated portion of net income that is not distributed to shareholders. Because the net income was not distributed to shareholders, shareholders' equity is increased by the same amount.
Of course, if a company loses, it is called retained losses, or accumulated losses.
Eagle Materials (NYSE:EXP) Retained Earnings Explanation
Historically profitable companies sometimes have negative retained earnings. This is because they have cumulatively paid out more to shareholders than they reported in profits.
For example, in 2011, Microsoft had negative retained earnings. This does not mean the company lost more money than it made over the years. It just means it paid out more money than it earned.
If a company has negative retained earnings, investors should check the 10-year financial results. They should not assume that negative retained earnings prove a company has generally lost money in the past.
Of course, many companies with negative retained earnings have indeed lost money in the past.
Retained Earnings: Warren Buffett's Secret.
One of the most important indicators of durable competitive advantage. Net earnings can be paid out as dividends, used to buy back shares or retained for growth.
If the company loses more than it has accumulated, retained earnings is negative.
If a company isn't adding to its retained earnings, it isn't growing its net worth.
Rate of growth of retained earnings is good indicator whether it's benefiting from a competitive advantage.
Microsoft is negative because it chose to buyback stock and pay dividends.
The more earnings retained, the faster it grows and increases growth rate for future earnings.
Eric Cribbs | officer: Executive Vice President | 5960 BERKSHIRE LN, SUITE 800, DALLAS TX 75225 |
Matt Newby | officer: EVP & General Counsel | 5960 BERKSHIRE LN, SUITE 900, DALLAS TX 75225 |
Richard Ross Stewart | director | 2707 N LOOP WEST 9TH FL, HOUSTON TX 77008 |
Dale Craig Kesler | officer: EVP and CFO | 3811 TURTLE CREEK BLVD., SUITE 1100, DALLAS TX 75219 |
Michael Haack | director, officer: President & CEO | 3811 TURTLE CREEK BLVD., SUITE 1100, DALLAS TX 75219 |
Robert S Stewart | officer: EVP-Strategy & Corp. Develop. | C/O EAGLE MATERIALS INC., 3811 TURTLE CREEK BLVD SUITE 1100, DALLAS TX 75219 |
William R Devlin | officer: Vice President & Controller | C/O EAGLE MATERIALS INC., 3811 TURTLE CREEK BLVD SUITE 1100, DALLAS TX 75219 |
Tony Thompson | officer: Senior Vice President | 5960 BERKSHIRE LN, SUITE 800, DALLAS TX 75225 |
George John Damiris | director | 100 CRESCENT COURT, SUITE 1600, DALLAS TX 75201 |
David B Powers | officer: Executive Vice President | C/O EAGLE MATERIALS INC., 3811 TURTLE CREEK BLVD SUITE 1100, DALLAS TX 75201 |
Steven L Wentzel | officer: President (American Gypsum) | 5960 BERKSHIRE LN #800, DALLAS TX 75225 |
Bowman Ed H Jr | director | C/O F.Y.I. INC, 3232 MCKINNEY AVE STE 900, DALLAS TX 75204 |
James H Graass | officer: EVP & General Counsel | C/O EAGLE MATERIALS INC., 3811 TURTLE CREEK BLVD SUITE 1100, DALLAS TX 75219 |
Martin M Ellen | director | 5960 BERKSHIRE LN, SUITE 900, DALLAS TX 75225 |
Mauro Gregorio | director | 2211 H.H. DOW WAY, MIDLAND MI 48674 |
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