NYSE$EXP

Eagle Materials Inc. · Q3 2020 earnings

Q3 2020 earnings · · Investor relations

Briefing

Eagle Materials' financial performance for Q3 2020, marked by a revenue increase and challenges from asset impairments, was announced.

Eagle Materials reported a 5% increase in revenue to $350.2 million for the third quarter of fiscal year 2020. However, the company experienced a net loss of $114.6 million, primarily due to asset impairments of $224.3 million related to the Oil and Gas Proppants business. Adjusted earnings per share were $1.51, up 22%.

  • Revenue increased by 5% to $350.2 million.
  • Net loss per diluted share was $2.77, a decrease of 323%.
  • Adjusted earnings per share increased by 22% to $1.51.
  • Cement sales volume increased by 7% to a record 1.4 million tons.

Headline financials

Total Revenue

$350M

Previous: $333M+5.1%
EPS (adj)

$1.51

Previous: $1.24+21.8%
Gypsum Wallboard Avg Price

$146.46

Previous: $159.38-8.1%
Paperboard Sales Volume

80

Previous: 74+8.1%
Paperboard Avg Net Sales Price

$460.65

Previous: $519.29-11.3%
Cement Avg Net Sales Price

$110.09

Previous: $107.54+2.4%
Gypsum Wallboard Volume

669.0M

Previous: 653.0M+2.5%
Cement Sales Volume

1.4

No prior period
Capital Expenditures

-$84.1M

Previous: -$33M-154.7%
Free Cash Flow

-$199M

Previous: $24.7M-904.0%
Net Income

-$115M

Previous: $57.7M-298.6%
Operating Income

$98.2M

Previous: $89.9M+9.2%
Gross Profit

$87.5M

Previous: $80.4M+8.8%
Cash & Equivalents

$126M

Previous: $17.1M+640.1%
Total Assets

$2.13B

Previous: $2.36B-9.6%
Stock-Based Comp

$4.27M

Previous: $4.05M+5.4%

Revenue & EPS history

Eagle Materials · Revenue · Quarterly

$350M

Q3 2020+5.1%vs Q3 2019
Beat estimate in 9 of 16 quarters(56%)
ActualEstimate

Revenue by segment

Eagle Materials · $343M total across 4 segments · Q3 2020

  • Cement (Wholly Owned)
    $148M
  • Gypsum Wallboard
    $125M
  • Concrete and Aggregates
    $46.8M
  • Recycled Paperboard
    $22.6M

Forward guidance

The outlook for calendar year 2020 is positive.

Tailwinds

  • Demand for building materials and construction products will continue to be supported by several advantageous market dynamics.
  • Ongoing growth in jobs.
  • High consumer confidence.
  • Low interest rates.

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 Q3 2020

Historical avgQ3 2020

+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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