NYSE$EXP

Eagle Materials Inc. · Q2 2022 earnings

Q2 2022 earnings · · Investor relations

Briefing

Eagle Materials achieved record revenue and earnings per share, with improved gross profit margins driven by strong market conditions and team execution.

Eagle Materials reported a strong second quarter with record revenue of $510 million, up 14%, and net earnings per share of $2.46, up 6%. Adjusted EPS was $2.73, a 26% increase. Gross profit margins improved to 30.5%. The company refinanced its capital structure and returned nearly $200 million to shareholders through dividends and share repurchases.

  • Record revenue of $510 million, up 14%.
  • Record net earnings per share of $2.46, up 6%.
  • Adjusted net earnings per share of $2.73, up 26%.
  • Gross profit margins improved 310 basis points to 30.5%.

Headline financials

Total Revenue

$510M

Previous: $448M+13.9%
EPS (adj)

$2.73

Previous: $2.02+35.1%
Concrete Avg Net Sales Price

$120.15

No prior period
Aggregates Avg Net Sales Price

$10.40

No prior period
Gypsum Wallboard Avg Price

$190.93

Previous: $143.41+33.1%
Paperboard Sales Volume

87.0K

Previous: 87.0K+0.0%
Paperboard Avg Net Sales Price

$524.54

Previous: $513.11+2.2%
Cement Avg Net Sales Price

$117.78

Previous: $111.59+5.5%
Gypsum Wallboard Volume

736.0M

Previous: 720.0M+2.2%
Capital Expenditures

-$26.8M

Previous: -$40.7M+34.2%
Free Cash Flow

$75.3M

Previous: $55.4M+36.1%
Net Income

$102M

Previous: $96M+6.3%
Operating Income

$164M

Previous: $133M+22.6%
Gross Profit

$155M

Previous: $123M+26.4%
Cash & Equivalents

$45.2M

Previous: $201M-77.5%
Total Assets

$2.62B

Previous: $2.87B-8.8%
Stock-Based Comp

$3.92M

Previous: $3.52M+11.5%

Revenue & EPS history

Eagle Materials · Revenue · Quarterly

$510M

Q2 2022+13.9%vs Q2 2021
Beat estimate in 11 of 15 quarters(73%)
ActualEstimate

Revenue by segment

Eagle Materials · $542M total across 4 segments · Q2 2022

  • Cement (Wholly Owned)
    $288M+6.1%
  • Gypsum Wallboard
    $173M+31.8%
  • Concrete and Aggregates
    $52.8M+13.9%
  • Recycled Paperboard
    $27.8M+8.7%

Forward guidance

We are well-positioned for a strong second half of fiscal 2022 and remain committed to delivering sustainable growth and superior shareholder value.

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 2022

Historical avgQ2 2022

+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%

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