NYSE$EXP

Eagle Materials Inc. · Q1 2025 earnings

Q1 2025 earnings · · Investor relations

Briefing

Eagle Materials reported record results driven by revenue growth and improved margins.

Eagle Materials reported record first quarter results with a 16% increase in EPS. Revenue reached a record $608.7 million, up 1%, and net earnings were $133.8 million, up 11%. The company repurchased approximately 348,000 shares of its common stock for $85.5 million.

  • Record revenue of $608.7 million, up 1%.
  • Record net earnings of $133.8 million, up 11%.
  • Record net earnings per diluted share of $3.94, up 16%.
  • Gross margins of 30.7%, an increase of 140 bps.

Headline financials

Total Revenue

$609M

Previous: $602M+1.2%
EPS (adj)

$3.94

Previous: $2.82+39.7%
Gypsum Wallboard Avg Price

$239.43

Previous: $218.57+9.5%
Paperboard Sales Volume

91.0K

Previous: 84.0K+8.3%
Paperboard Avg Net Sales Price

$597.41

Previous: $611.87-2.4%
Adjusted EBITDA

$225M

No prior period
Cement Avg Net Sales Price

$156.10

Previous: $127.82+22.1%
Gypsum Wallboard Volume

757.0M

Previous: 798.0M-5.1%
Cement Sales Volume

1.9M

No prior period
Capital Expenditures

-$33.1M

Previous: -$36M+8.0%
Net Income

$134M

Previous: $121M+10.8%
Operating Income

$182M

Previous: $179M+1.4%
Gross Profit

$187M

Previous: $176M+6.2%
Stock-Based Comp

$4.54M

Previous: $5.15M-11.8%

Revenue & EPS history

Eagle Materials · Revenue · Quarterly

$609M

Q1 2025+1.2%vs Q1 2024
Beat estimate in 6 of 13 quarters(46%)
ActualEstimate

Revenue by segment

Eagle Materials · $479M total across 4 segments · Q4 2026

  • Cement (Wholly Owned)
    $206M
  • Gypsum Wallboard
    $184M
  • Concrete and Aggregates
    $58.9M
  • Recycled Paperboard
    $31M

Forward guidance

Underlying fundamentals in our markets continue to be favorable, and we expect demand for our products to remain steady for the balance of the year.

Tailwinds

  • Construction spending on infrastructure and heavy industrial projects continues to drive cement demand.
  • Residential construction activity remains resilient, given chronic housing-supply shortages and continued underlying demand strength.
  • Well-positioned balance sheet.
  • Significant cashflow generation.
  • Consistent, disciplined operational and strategic execution through shifting economic cycles positions Eagle for another strong fiscal year.

Headwinds

  • Adverse weather conditions affected sales volumes for Cement and Concrete and Aggregates businesses.
  • Some interest-rate sensitivity in residential construction activity.
  • Cyclical and seasonal nature of the Company’s businesses.
  • Fluctuations in public infrastructure expenditures.
  • Prices for our products are subject to material fluctuation due to market conditions and other factors beyond our control.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 19 quarterly earnings reports · overlaid with Q1 2025

Historical avgQ1 2025

+1.2%

Avg return

Earnings day

+1.1%

Avg return

5 days after

+2.5%

Avg return

30 days after

59%

39 / 66 earnings

Positive

+12.2%

Q2 2019

Best reaction

-8.9%

Q4 2025

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q4 2026+1.7%+1.6%+14.3%
Q3 2026-2.9%+0.8%+2.7%
Q2 2026-8.0%-10.6%-4.0%
Q1 2026+2.8%-0.2%+4.3%
Q4 2025-8.9%-11.4%-19.2%
Q2 2025-0.2%-0.5%+5.8%
Q1 2025+9.5%+2.0%+2.4%
Q4 2024-7.1%-7.3%-15.6%
Q3 2024+4.1%+10.3%+19.9%
Q2 2024-2.9%+1.2%+17.9%
Q4 2023+4.1%+3.8%+6.1%
Q3 2023-2.5%+0.9%-4.1%
Q2 2023-1.0%-0.2%+9.8%
Q1 2024+0.4%-2.1%-2.8%
Q1 2023+0.4%-2.1%-2.8%
Q4 2022-1.2%+1.3%-11.2%
Q3 2022+0.7%+3.2%-3.9%
Q2 2022+7.5%+12.9%+15.4%
Q1 2022+7.0%+5.5%+17.7%
Q4 2021-4.0%-1.8%-7.8%
Q3 2021+1.5%+6.8%+15.7%
Q2 2021+2.7%+11.1%+12.0%
Q1 2021-1.0%+1.6%+4.1%
Q4 2020+5.5%+10.7%+22.8%
Q3 2020-1.1%-7.0%-11.6%
Q2 2020+3.4%+1.5%+0.4%
Q1 2020-5.4%-6.3%-4.4%
Q4 2019+3.2%+3.4%-0.6%
Q3 2019+2.6%+6.5%+11.1%
Q2 2019+12.2%+17.8%+11.3%
Q1 2019-8.3%-8.0%-13.7%
Q4 2018+1.8%+3.4%+6.1%
Q3 2018-4.1%-10.4%-13.8%
Q2 2018-3.9%-4.2%-4.1%
Q1 2018-0.7%-0.6%-5.1%
Q4 2017+3.4%+2.8%-2.6%
Q3 2017+7.3%+4.5%+1.3%
Q2 2017+3.1%+4.0%+23.2%
Q1 2017+2.4%+0.0%-0.5%
Q4 2016-4.0%
Q3 2016+11.8%
Q2 2016+1.1%
Q1 2016+3.0%
Q4 2015-5.3%
Q3 2015+4.1%
Q2 2015+0.7%
Q1 2015+7.3%
Q4 2014-0.1%
Q3 2014-1.8%
Q2 2014-2.6%
Q1 2014+1.6%
Q4 2013+3.8%
Q3 2013-2.6%
Q2 2013+9.9%
Q1 2013+12.2%
Q4 2012+4.4%
Q1 2010-0.1%
Q4 2009-0.1%
Q1 2012+2.7%
Q4 2011+1.0%
Q3 2010+1.1%
Q3 2011+1.1%
Q2 2011+1.9%
Q2 2010+1.9%
Q1 2011-0.6%
Q4 2010-0.6%

Discussion

Share your read of this quarter. Sign-in carries your eToro identity.

Join the conversation

Sign in with eToro to post your read of this quarter and vote on others'.

Sign in with eToro