NYSE$EXP
Eagle Materials Inc. · Q2 2023 earnings
Q2 2023 earnings · · Investor relations
Briefing
Eagle Materials reported record results for the second quarter of fiscal year 2023, driven by price increases across business lines and healthy construction activity.
Eagle Materials reported record second quarter results, with revenue of $605 million and EPS of $3.72. Price increases offset cost inflation, and construction activity remained healthy. The company invested in strategic growth and returned capital to shareholders.
- Record Revenue of $605 million, up 19%.
- Record Net Earnings of $139 million, up 36%, and Net Earnings per share of $3.72, up 51%.
- Adjusted EBITDA of $227 million, up 21%.
- Repurchased 840,000 shares of Eagle’s common stock for $101 million.
Headline financials
Revenue & EPS history
Eagle Materials · Revenue · Quarterly
$605M
Revenue by segment
Eagle Materials · $643M total across 4 segments · Q2 2023
- Cement (Wholly Owned)$320M+10.8%49.7%
- Gypsum Wallboard$225M+29.9%35.0%
- Concrete and Aggregates$69.6M+32.0%10.8%
- Recycled Paperboard$28.8M+3.8%4.5%
Forward guidance
Despite actions taken by the federal reserve to increase interest rates and possible recessionary conditions, we believe we are well-positioned in our principal markets for the second half of fiscal 2023.
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 2023
+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
| Quarter | Report date | Reaction (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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