Q4 2024 Eagle Materials Inc Earnings Call Transcript
Key Points
- Eagle Materials Inc (EXP) reported record revenue of $2.3 billion and record diluted EPS of $13.61 for fiscal 2024.
- The company expanded gross margins by 50 basis points to 30.3% and generated operating cash flow of $564 million.
- Eagle Materials Inc (EXP) made significant progress in environmental stewardship, including a 23% reduction in water consumption and new disclosures in their sustainability report.
- The company announced two major growth investments: a new slag grinding facility in Texas and a $430 million project to modernize and expand the Mountain cement plant in Wyoming.
- Eagle Materials Inc (EXP) returned $343 million to shareholders through share repurchases and dividends, reducing the overall stock flow by nearly 30% over the last five years.
- The fourth quarter saw weaknesses in the heavy materials segment due to adverse weather and increased cement maintenance costs.
- Fourth quarter EPS was down 20%, largely due to the impact of weather conditions and increased maintenance costs in the cement business.
- The company faced operational disruptions from equipment failures and frozen feed systems during the fourth quarter.
- Wallboard sales volume declined, impacting the Light Materials sector's annual revenue and operating earnings.
- The company anticipates continued rain and weather-related delays in the early part of fiscal 2025, which may affect demand and project timelines.
Good day, everyone, and welcome to Eagle Materials' Fourth Quarter and Fiscal 2024 Earnings Conference Call. This call is being recorded. At this time, I'd like to turn the call over to Eagle's President and Chief Executive Officer, Mr. Michael Haack. Mr. Haack, please go ahead, sir.
Thank you, Jamie. Good morning. Welcome to Eagle Materials' Conference Call for our Fourth Quarter and Fiscal Year 2024. This is Michael Haack. Joining me today are Craig Kesler, our Chief Financial Officer; and Alex Haddock, Senior Vice President of Investor Relations, Strategy and Corporate Development. There will be a slide presentation made in connection with this call. To access it, please go to eaglematerials.com and click on the link to the webcast. While you're accessing the slides, please note that the first slide covers our cautionary disclosure, regarding forward-looking statements made during this call.
These statements are subject to risks and uncertainties that could cause results to
| Access to All Earning Calls and Stock Analysis | |
| 30-Year Financial on one screen | |
| All-in-one Stock Screener with unlimited filters | |
| Customizable Stock Dashboard | |
| Real Time Insider Trading Transactions | |
| 8,000+ Institutional investors’ 13F holdings | |
| Powerful Excel Add-in and Google sheets Add-on | |
| All data downloadable | |
| Quick customer support | |
| And much more... |
Trustpilot
We'd love to learn more about your experiences on GuruFocus.com and how we can improve!
Take Survey
