EAGLE MATERIALS Reports Strong Earnings Results for FY2023 Q4
May 30, 2023
☀️Earnings Overview
EAGLE MATERIALS ($NYSE:EXP) reported total revenue of USD 470.1 million and net income of USD 100.4 million for its fourth quarter ended March 31 2023, which was released on May 18 2023. This represented a 13.8% and 35.0% increase respectively compared to the same period in FY2022.
Price History
On Thursday, EAGLE MATERIALS reported strong earnings results for FY2023 Q4, with stock opening at $162.3 and closing at $166.0, up by 3.4% from the previous closing price of 160.6. This marks the second consecutive quarter that EAGLE MATERIALS has seen strong growth in their share price. The strong financial results were driven by a number of factors, including increased demand for their building materials products, continued cost control measures, and a focus on sustainability initiatives. These factors, coupled with strong global economies in India and China, have all contributed to the company’s financial success.
This impressive growth demonstrates the company’s ability to effectively manage its costs and grow its market share. EAGLE MATERIALS is confident that these positive results will continue into the upcoming quarter. With increased demand for their products and an eye towards sustainability, they are well-positioned to capitalize on the current market conditions and achieve further success in the near future. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Eagle Materials. More…
| Total Revenues | Net Income | Net Margin |
| 2.15k | 461.54 | 21.5% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Eagle Materials. More…
| Operations | Investing | Financing |
| 541.73 | -268.59 | -277.31 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Eagle Materials. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 2.78k | 1.6k | 33.15 |
Key Ratios Snapshot
Some of the financial key ratios for Eagle Materials are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 14.0% | 30.1% | 29.0% |
| FCF Margin | ROE | ROA |
| 20.1% | 33.2% | 14.0% |
Analysis
At GoodWhale, we have conducted an analysis of EAGLE MATERIALS‘s fundamentals to help you decide if investing in the company is right for you. Based on our Risk Rating, which considers both financial and business factors, we have determined that EAGLE MATERIALS is a medium risk investment. If you become a registered user with GoodWhale, you can access a comprehensive risk report on EAGLE MATERIALS. This report contains a detailed breakdown of the risk warnings we have identified in the income sheet, balance sheet, and non-financial categories. We suggest studying this report closely before making any investment decision regarding EAGLE MATERIALS. More…
Peers
The company has three plants in the United States and one in Canada. It is the only North American company that is vertically integrated, meaning that it manufactures all of the materials needed to produce cement. This gives the company an advantage over its competitors, who must purchase these materials from third-party suppliers.
– Wagners Holding Co Ltd ($ASX:WGN)
Wagner’s Holding Company Limited is a Hong Kong-based investment holding company principally engaged in the provision of management, financial and administrative services to its subsidiaries. The Company operates its businesses through four segments. Its Food segment is engaged in the production and sale of frozen foods, as well as the provision of food catering services. Its Property segment is engaged in the development and sale of properties, as well as the provision of property management services. Its Investment segment is engaged in the provision of loan financing and securities investment services. Finally, its Others segment is engaged in the provision of management and administrative services.
– Holcim Ltd ($LTS:0QKY)
Holcim Ltd is one of the world’s leading suppliers of cement and aggregates (crushed stone, gravel and sand) as well as further activities such as ready-mix concrete and asphalt including services. The company has around 60,000 employees in more than 70 countries.
– BBMG Corp ($SEHK:02009)
BBMG Corp is a leading cement and building materials producer in China. The company has a market cap of 24.71B as of 2022 and a Return on Equity of 7.81%. BBMG Corp is a leading cement and building materials producer in China. The company is engaged in the manufacture and sale of cement, concrete, and other building materials in China.
Summary
Eagle Materials Inc. reported strong financial results for the fourth quarter of its 2023 fiscal year. Total revenue increased 13.8% to USD 470.1 million and net income rose 35.0% to USD 100.4 million. As a result, the stock price saw a corresponding uptick on the same day.
This positive performance is likely to be welcomed by investors as a sign of Eagle Materials’ continuing financial health. With a solid foundation, investors may have confidence in the company’s prospects for future growth and profits.
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