NYSE$EXP

Eagle Materials Inc. · Q3 2021 earnings

Q3 2021 earnings · · Investor relations

Briefing

Eagle Materials reported third quarter results with EPS of $1.94 on revenue of $405 million.

Eagle Materials reported a record third quarter revenue of $404.7 million, up 18%. Diluted earnings per share from continuing operations were $1.94, up 87%. The company's wallboard shipments were up 9%, a third quarter record for American Gypsum, and cement shipments were up 28%.

  • Record third quarter revenue of $404.7 million, up 18%.
  • Diluted earnings per share from continuing operations of $1.94, up 87%.
  • Wallboard shipments were up 9%, a third quarter record for American Gypsum.
  • Cement shipments were up 28%, reflecting the strong performance of the recently acquired Kosmos Cement Business and the strength of core markets.

Headline financials

Total Revenue

$405M

Previous: $350M+15.5%
EPS (adj)

$1.94

Previous: $1.51+28.5%
Concrete Avg Net Sales Price

$116.88

No prior period
Aggregates Avg Net Sales Price

$8.96

No prior period
Gypsum Wallboard Avg Price

$147.87

Previous: $146.46+1.0%
Paperboard Sales Volume

79.0K

Previous: 80+98650.0%
Paperboard Avg Net Sales Price

$484.92

Previous: $460.65+5.3%
Cement Avg Net Sales Price

$111.91

Previous: $110.09+1.7%
Gypsum Wallboard Volume

727.0M

Previous: 669.0M+8.7%
Capital Expenditures

-$45.5M

Previous: -$84.1M+45.8%
Free Cash Flow

$35.7M

Previous: -$199M+117.9%
Net Income

$81.2M

Previous: -$115M+170.8%
Operating Income

$123M

Previous: $98.2M+25.7%
Gross Profit

$113M

Previous: $87.5M+29.6%
Cash & Equivalents

$143M

Previous: $126M+13.1%
Total Assets

$2.73B

Previous: $2.13B+27.9%
Stock-Based Comp

$3.78M

Previous: $4.27M-11.4%

Revenue & EPS history

Eagle Materials · Revenue · Quarterly

$405M

Q3 2021+15.5%vs Q3 2020
Beat estimate in 10 of 16 quarters(63%)
ActualEstimate

Revenue by segment

Eagle Materials · $432M total across 4 segments · Q3 2021

  • Cement (Wholly Owned)
    $229M+54.1%
  • Gypsum Wallboard
    $136M+8.5%
  • Concrete and Aggregates
    $43.5M-7.0%
  • Recycled Paperboard
    $23.7M+5.2%

Forward guidance

The company continues to closely monitor the disruptions caused by the COVID-19 pandemic and their possible impact on our business in current and future periods. We also 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 Q3 2021

Historical avgQ3 2021

+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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