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Recent Updates — EXP

July 31, 2026View Source ↗

Eagle Materials Inc. held its Annual Meeting of Stockholders on July 30, 2026, where shareholders approved amendments to declassify the Board of Directors and remove restrictions on calling special meetings. The company filed a Certificate of Amendment with Delaware reflecting these changes and amended its Bylaws to establish procedures for stockholder-initiated special meetings. Margot L. Carter, Michael R. Nicolais, and Mary P. Ricciardello were elected to the Board to serve until 2029. Shareholders also approved advisory compensation resolutions and reappointed Ernst & Young LLP as independent auditors. Eagle Materials Inc. operates in the building products industry, manufacturing cement, ready-mix concrete, aggregates, and asphalt.

July 29, 2026View Source ↗

Eagle Materials Inc. reported financial results for the first quarter of fiscal 2027 ended June 30, 2026. The company achieved record revenue of $651.0 million, a 3% increase year-over-year, driven by an 8% rise in cement sales volume to a record 2.1 million tons. Net earnings declined 17% to $102.1 million, or $3.29 per diluted share, down from $123.4 million and $3.76 per share in the prior year period. Adjusted EBITDA fell 11% to $190.5 million due to higher operating costs, including a $6 million impact from an equipment failure at the Mountain Cement facility and elevated diesel prices. Cash flow from operations increased 13% to $154 million. The company repurchased approximately $84 million of common stock during the quarter and ended with net debt of $1.5 billion and a net leverage ratio of 2.1x. Eagle Materials Inc. is a leading U.S. manufacturer of heavy construction products, primarily Portland Cement and Gypsum Wallboard.