Eagle Materials Reports Record Second Quarter Results With 15% EPS Growth
We generated record revenue of $622 million and record EPS of $4.26, and we expanded gross margins by 150 bps to 33.6%.
- We generated record revenue of $622 million and record EPS of $4.26, and we expanded gross margins by 150 bps to 33.6%.
- Cement revenue for the quarter, including Joint Venture and intersegment revenue, was up 13% to $360.8 million, and operating earnings were a record $121.4 million, up 23%.
- Second quarter operating earnings declined 36% to $4.6 million, primarily reflecting lower Concrete sales volume and higher cost of materials.
- In addition, for segment reporting purposes, we report intersegment revenue as a part of a segment’s total revenue.