NYSE$EXP

Eagle Materials Inc. · Q2 2025 earnings

Q2 2025 earnings · · Investor relations

Briefing

Eagle Materials' Q2 2025 financial performance was marked by record revenue and strategic capital allocation.

Eagle Materials Inc. reported record revenue of $623.6 million for the second quarter of fiscal 2025, with net earnings of $143.5 million and adjusted EPS of $4.31. The company faced adverse weather conditions affecting sales volumes in the Cement and Concrete and Aggregates businesses but increased cash flow from operations by 35% to $233 million. Eagle Materials completed an aggregates acquisition, returned $69 million to shareholders, and ended the quarter with debt of $1.1 billion.

  • Achieved record revenue of $623.6 million.
  • Reported net earnings of $143.5 million, translating to $4.26 per diluted share.
  • Generated $233 million in cash flow from operations, a 35% increase year-over-year.
  • Completed a bolt-on aggregates acquisition and returned $69 million to shareholders through share repurchases and dividends.

Headline financials

Total Revenue

$624M

Previous: $624M+0.0%
EPS (adj)

$4.31

Previous: $4.28+0.7%
Concrete Avg Net Sales Price

$149.16

Previous: $145.39+2.6%
Aggregates Sales Volume

979.0K

No prior period
Aggregates Avg Net Sales Price

$12.65

Previous: $11.15+13.5%
Gypsum Wallboard Avg Price

$236.88

Previous: $233.69+1.4%
Paperboard Sales Volume

85.0K

Previous: 80.0K+6.3%
Paperboard Avg Net Sales Price

$595.19

Previous: $542.28+9.8%
Adjusted EBITDA

$242M

No prior period
Cement Avg Net Sales Price

$156.51

Previous: $151.99+3.0%
Gypsum Wallboard Volume

752.0M

Previous: 733.0M+2.6%
Cement Sales Volume

2.0M

No prior period
Concrete Sales Volume

348.0K

No prior period
Capital Expenditures

-$66.5M

Previous: -$99.6M+33.3%
Net Income

$144M

Previous: $144M+0.0%
Operating Income

$196M

Previous: $213M-8.0%
Gross Profit

$204M

Previous: $204M+0.0%
Stock-Based Comp

$4.86M

Previous: $4.54M+7.1%

Revenue & EPS history

Eagle Materials · Revenue · Quarterly

$624M

Q2 2025+0%vs Q2 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

Eagle Materials remains optimistic about near-term and future opportunities, citing a constructive economic environment with strong employment, supportive inflation data, infrastructure spending, and housing supply shortages.

Tailwinds

  • Employment is strong.
  • Recent inflation data should support a more accommodative monetary environment.
  • Spending from the Infrastructure Investment and Jobs Act (IIJA) is still in the beginning phases.
  • Housing supply remains chronically short because of decade-long production deficits.
  • Well-positioned balance sheet should give us substantial financial flexibility and support our capital allocation priorities and long-term growth.

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 2025

Historical avgQ2 2025

+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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