NYSE$EXP

Eagle Materials Inc. · Q2 2021 earnings

Q2 2021 earnings · · Investor relations

Briefing

Eagle Materials reported record revenue and earnings for Q2 2021, driven by strong housing market rebound and robust cement demand.

Eagle Materials reported a record second quarter with revenue reaching $447.7 million, a 12% increase, and diluted earnings per share from continuing operations up 20% to $2.16. The company benefited from a strong housing market and cement demand, achieving record cement sales volume. They also completed the sale of their Oil and Gas Proppants business.

  • Record second quarter revenue of $447.7 million, up 12%.
  • Record second quarter diluted earnings per share from continuing operations of $2.16, up 20%.
  • Wallboard shipments were up 6%, and cement shipments reached a record 2.2 million tons.
  • The company sold its Oil and Gas Proppants business in September.

Headline financials

Total Revenue

$448M

Previous: $415M+8.0%
EPS (adj)

$2.02

Previous: $1.77+14.1%
Gypsum Wallboard Avg Price

$143.41

Previous: $148.16-3.2%
Paperboard Sales Volume

87.0K

Previous: 86.0K+1.2%
Paperboard Avg Net Sales Price

$513.11

Previous: $475.98+7.8%
Cement Avg Net Sales Price

$111.59

Previous: $109.35+2.0%
Gypsum Wallboard Volume

720.0M

Previous: 681.0M+5.7%
Capital Expenditures

-$40.7M

Previous: -$60M+32.2%
Free Cash Flow

$55.4M

Previous: $11.8M+369.7%
Net Income

$96M

Previous: $71.8M+33.8%
Operating Income

$133M

Previous: $117M+14.2%
Gross Profit

$123M

Previous: $105M+17.6%
Cash & Equivalents

$201M

Previous: $53.7M+274.1%
Total Assets

$2.87B

Previous: $2.33B+23.4%
Stock-Based Comp

$3.52M

Previous: $3.92M-10.3%

Revenue & EPS history

Eagle Materials · Revenue · Quarterly

$448M

Q2 2021+8%vs Q2 2020
Beat estimate in 9 of 16 quarters(56%)
ActualEstimate

Revenue by segment

Eagle Materials · $475M total across 4 segments · Q2 2021

  • Cement (Wholly Owned)
    $272M
  • Gypsum Wallboard
    $131M
  • Concrete and Aggregates
    $46.3M
  • Recycled Paperboard
    $25.6M

Forward guidance

The company did not provide specific forward guidance in this report. The report mentions the company is closely monitoring the disruptions caused by the COVID-19 pandemic and their possible impact on our business in current and future periods. We continue to enforce strict health and safety protocols to protect our employees, customers and business partners, and we will continue to manage our cash flow prudently and protect our balance sheet.

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 Q2 2021

Historical avgQ2 2021

+1.2%

Avg return

Earnings day

+1.1%

Avg return

5 days after

+2.2%

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%
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%
Q4 2009-0.1%
Q1 2010-0.1%
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%

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