EXP

Eagle Materials’ Board of Directors recently declared a quarterly cash dividend of US$0.25 per share, payable on October 13, 2026 to stockholders of record on September 14, 2026, while also reporting first-quarter 2026 results showing higher sales of US$650.97 million but lower net income of US$102.13 million versus a year earlier. At the same time, shareholders approved governance changes that declassify the Board and allow investors holding 25% of shares to call special meetings, potentially sharpening oversight just as earnings trends and capital allocation decisions come under closer scrutiny. We’ll now examine how softer earnings alongside a maintained dividend and expanded shareholder rights may influence Eagle Materials’ long-term investment narrative. Rare earth metals are the new gold rush. Find out which 28 stocks are leading the charge. To own Eagle Materials, you need to believe U.S. construction and infrastructure demand can support steady cement and wallboard volumes, even as earnings move around. The latest quarter’s weaker net income and lower margin, combined with a maintained US$0.25 dividend, do not materially change the key near term catalyst of infrastructure-driven volumes, but they do highlight the ongoing risk from cost pressures and cyclicality in Eagle’s core end markets. The governance changes that declassify the Board and let 25% of shareholders call special meetings are especially relevant now, as investors weigh softer earnings against continued capital returns and future spending needs for plant upgrades and environmental compliance. Stronger shareholder rights may bring more attention to how Eagle balances buybacks, dividends, and capital expenditures at a time when net income has slipped despite higher sales. Yet investors should also weigh the risk that rising operating and raw material costs could squeeze margins just as capital needs stay high and... Read the full narrative on Eagle Materials (it's free!) Eagle Materials' narrative projects $2.7 billion revenue and $524.0 million earnings by 2029. Uncover how Eagle Materials' forecasts yield a $223.56 fair value, a 4% upside to its current price. Four fair value estimates from the Simply Wall St Community span a wide range, from about US$100 to US$458 per share, showing how far apart individual views can be. When you compare that to recent pressure on Eagle’s net income despite higher sales, it underlines why you should explore several perspectives before deciding how these earnings and cost trends might shape the company’s performance. Explore 4 other fair value estimates on Eagle Materials - why the stock might be worth over 2x more than the current price! Don't just follow the ticker - dig into the data and build a conviction that's truly your own. A great starting point for your Eagle Materials research is our analysis highlighting 2 key rewards and 1 important warning sign that could impact your investment decision. Our free Eagle Materials research report provides a comprehensive fundamental analysis summarized in a single visual - the Snowflake - making it easy to evaluate Eagle Materials' overall financial health at a glance. Our top stock finds are flying under the radar-for now. Get in early: Outshine the giants: these 17 early-stage AI stocks could fund your retirement. Find 53 companies with promising cash flow potential yet trading below their fair value. We've uncovered the 7 dividend fortresses yielding 5%+ that don't just survive market storms, but thrive in them. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include EXP. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email [email protected]

Interested in Eagle Materials Inc? Here are five stocks we like better. Record revenue but lower earnings: Eagle Materials reported fiscal Q1 2027 revenue of $651 million, up 3% year over year, while EPS fell 13% to $3.29 due primarily to higher freight costs and Mountain Cement equipment downtime. Share repurchases reduced the diluted share count by 5%. Heavy Materials growth offset wallboard weakness: Cement and aggregates volumes benefited from infrastructure, nonresidential construction and data-center projects, lifting Heavy Materials revenue 8%. Wallboard revenue declined 5% amid weaker housing-related demand and higher freight expenses, despite record recycled paperboard sales. Modernization and shareholder returns remain priorities: Eagle maintained its fiscal 2027 capital-spending outlook of $490 million to $525 million while advancing plant modernization projects in Wyoming and Oklahoma. The company returned $92 million to shareholders during the quarter through dividends and share repurchases. Willing and Abel: Berkshire's New CEO Makes Huge Portfolio Changes in Q1 Eagle Materials (NYSE:EXP) reported record first-quarter fiscal 2027 revenue of $651 million, up 3% from a year earlier, as higher cement volumes, record recycled paperboard sales and increased aggregates sales offset weaker wallboard results. The company generated earnings per share of $3.29 and a gross margin of 24.8%. However, earnings per share declined 13% year over year, which Chief Financial Officer Craig Kesler attributed primarily to elevated freight costs and unexpected downtime at the company’s Mountain Cement facility. Share repurchases reduced Eagle’s fully diluted share count by 5%, partially offsetting the earnings decline. → Refiner Stocks Are Near Record Highs—Can Iran-Driven Margins Keep Them There? 3 Sectors to Buy While They're Down and 1 to Walk Away From President and Chief Executive Officer Michael Haack said the results reflected Eagle’s low-cost operating position amid uncertain macroeconomic conditions. He also said the company’s safety performance was below its target, adding that Eagle will continue to invest in technology, training and the sharing of best practices to improve its safety culture. Eagle’s Heavy Materials sector, which includes cement, concrete and aggregates, posted an 8% increase in revenue. Cement and aggregates volumes rose, supported by public infrastructure spending and private nonresidential construction activity, including data center development. → Innovative ETF Strategies That Are Paying Off This Summer Eagle Materials Stock is Dipping, Results Say Not for Long Operating earnings in the segment declined 11%, however, due to higher freight and raw-material costs and an approximately $6 million earnings impact from equipment failure at the Mountain Cement plant. Haack said the facility’s kilns date to the 1960s and that the disruption underscored the need for Eagle’s modernization project at the site. The company said it was able to use its broader cement network to supply customers during the outage without disrupting sales volumes. The equipment problems had been largely resolved as of late July, Haack said, though the additional cement movements and broadly elevated freight rates affected net cement pricing. → Why SK hynix Could Be the Best AI Chip Stock to Buy Now Gross cement pricing rose about 1% year over year, but net cement pricing declined as freight costs more than offset price gains. Kesler said certain markets supported price increases during the spring and early summer, while others did not, reflecting the regional nature of the cement business. Management said infrastructure and nonresidential construction account for about 80% of Eagle’s Heavy Materials end-market exposure. Customers continue to report multi-year infrastructure project pipelines, the company said, despite questions surrounding future federal infrastructure legislation and state transportation budgets. Data center activity has also become a growing source of opportunity across Eagle’s footprint. Kesler said the company bid on twice as many data center projects in the first half of calendar 2026 as it did during the same period of 2025. Haack said demand tied to these projects can include soil stabilization, tilt-up construction and foundations, involving a range of customers and cement uses. Revenue in Eagle’s Light Materials sector fell 5% during the quarter. Lower wallboard sales volume and pricing were partially offset by record recycled paperboard sales volume. Segment operating earnings declined 16%, driven by lower wallboard volume and higher freight costs. Residential construction represents roughly 80% of Eagle’s wallboard end-market exposure. Kesler said housing activity has remained relatively stable despite elevated interest rates and subdued construction levels, citing a continuing structural shortage of homes in the U.S. Eagle implemented a wallboard price increase effective June 1, a move Kesler described as unusual for the current demand environment but necessary because of higher freight expenses. He said wallboard freight costs increased by $5 per thousand during the quarter and represented the most significant factor affecting sequential net pricing. Wallboard pricing exited June at approximately the quarterly average, according to Kesler. The company said its costs outside of freight were relatively benign, aided by its access to decades of low-cost natural gypsum supplies. Management also said it has not seen a significant change in synthetic gypsum availability, though freight pressures have increased as synthetic gypsum has moved longer distances to supply wallboard plants. Eagle is advancing two modernization projects intended to reduce operating costs and improve reliability. The Laramie, Wyoming, cement plant project is expected to lower that facility’s operating costs by 25%. Construction remains on track for completion late this year, with commissioning planned for the first part of next year. The company’s Duke, Oklahoma, wallboard modernization is expected to reduce operating costs at that facility by 20% and is anticipated to commission in the latter half of 2027. Kesler said the Duke project is expected to be completed in mid-fiscal 2028. First-quarter operating cash flow increased 13% to $154 million. Capital expenditures totaled $121 million, primarily for the Laramie and Duke projects. Eagle maintained its fiscal 2027 capital-spending outlook of $490 million to $525 million, with spending expected to peak during the year. The company returned $92 million to shareholders during the quarter through its dividend and the repurchase of approximately 406,000 shares for $84 million. About 2.5 million shares remained available under its current authorization at quarter-end. At June 30, 2026, Eagle had $234 million in cash, nearly $1 billion in committed liquidity, a net debt-to-capital ratio of 51%, and net debt-to-EBITDA leverage of 2.1 times. Haack said Eagle will continue evaluating organic investments and acquisitions, though potential deals must meet the company’s financial criteria and fit its strategic footprint. Eagle Materials Inc (NYSE:EXP) is a Dallas, Texas–based manufacturer of building materials serving construction and heavy industry markets across the United States. The company's primary products include portland and masonry cements, gypsum wallboard, lightweight aggregate, paperboard packaging, and roofing granules. These product lines support a wide range of end uses—from residential and commercial buildings to infrastructure projects and industrial applications. Since its spin-off from a major homebuilding company in 2004, Eagle Materials has grown through targeted facility expansions and strategic acquisitions. This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected]. The article "Eagle Materials Q1 Earnings Call Highlights" was originally published by MarketBeat. View MarketBeat's top stocks for July 2026.

Eagle Materials (EXP) came out with quarterly earnings of $3.29 per share, beating the Zacks Consensus Estimate of $3.26 per share. This compares to earnings of $3.76 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of +0.92%. A quarter ago, it was expected that this maker of gypsum wallboard and cement would post earnings of $1.47 per share when it actually produced earnings of $1.91, delivering a surprise of +29.93%. Over the last four quarters, the company has surpassed consensus EPS estimates two times. Eagle Materials, which belongs to the Zacks Building Products - Concrete and Aggregates industry, posted revenues of $650.97 million for the quarter ended June 2026, surpassing the Zacks Consensus Estimate by 3.56%. This compares to year-ago revenues of $634.69 million. The company has topped consensus revenue estimates four times over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. Eagle Materials shares have added about 7.4% since the beginning of the year versus the S&P 500's gain of 8.5%. While Eagle Materials has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for Eagle Materials was unfavorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #4 (Sell) for the stock. So, the shares are expected to underperform the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $4.16 on $648.69 million in revenues for the coming quarter and $12.90 on $2.35 billion in revenues for the current fiscal year. Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Building Products - Concrete and Aggregates is currently in the bottom 20% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1. One other stock from the same industry, Martin Marietta (MLM), is yet to report results for the quarter ended June 2026. The results are expected to be released on July 30. This seller of granite, limestone, sand and gravel is expected to post quarterly earnings of $4.62 per share in its upcoming report, which represents a year-over-year change of -14.9%. The consensus EPS estimate for the quarter has been revised 2% higher over the last 30 days to the current level. Martin Marietta's revenues are expected to be $1.87 billion, up 3.1% from the year-ago quarter. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Eagle Materials Inc (EXP) : Free Stock Analysis Report Martin Marietta Materials, Inc. (MLM) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

DALLAS, July 29, 2026--(BUSINESS WIRE)--Eagle Materials Inc. (NYSE: EXP) today reported financial results for the first quarter of fiscal 2027 ended June 30, 2026. Notable items for the quarter are highlighted below. (Unless otherwise noted, all comparisons are with the prior year’s fiscal first quarter.) First Quarter Fiscal 2027 Highlights Record Revenue of $651.0 million, up 3% Net Earnings of $102.1 million, down 17% Net Earnings per diluted share of $3.29, down 13% Cashflow from Operations of $154 million, up 13% Adjusted EBITDA of $190.5 million, down 11% Repurchased 406,500 shares of Eagle common stock for approximately $84 million Commenting on the first quarter results, Michael Haack, President and Chief Executive Officer, said, "Eagle delivered a solid start to fiscal 2027, despite ongoing geopolitical, trade and fiscal policy uncertainty, our diversified portfolio of businesses continued to perform well, supported by resilient end markets. Our Cement sales volume increased 8%, driven by sustained strength in public construction activity and large private non-residential projects. The growth in our cement sales volume was offset by an approximately $6 million earnings impact resulting from an unexpected equipment failure at our Mountain Cement facility. This equipment failure did not affect the ongoing modernization project. and we expect to recover a portion of this impact through our insurance coverage. Importantly, we utilized our network of cement plants to continue meeting customer demand without interruption. This incident further underscores the importance of our Mountain Cement modernization investment, which is intended to enhance the facility’s long-term reliability and operational performance. Our Wallboard sales volume experienced only a slight decline despite continued softness in residential construction activity. Additionally, we incurred higher delivery costs across our Cement and Wallboard businesses, primarily driven by elevated diesel prices during the quarter." Mr. Haack continued, "In the midst of this ongoing volatility, we remained focused on investing in our plant network and advancing our commitment to employee health and safety while continuing to return capital to shareholders. During the quarter, we made meaningful progress on the modernizations of our Laramie, Wyoming Cement and our Duke, Oklahoma Gypsum Wallboard plants – investments that will further strengthen our competitive position. We also repurchased 406,500 shares of our common stock for approximately $84 million. We ended the quarter with debt of $1.8 billion, net debt of $1.5 billion, and a net leverage ratio (net debt to Adjusted EBITDA) of 2.1x, providing substantial financial flexibility to support our disciplined capital allocation strategy and long-term growth." (Net debt is a non-GAAP financial measure calculated by subtracting cash and cash equivalents from debt, as described in Attachment 6). Mr. Haack concluded, "We have a long history of successfully navigating dynamic market environments. While fuel cost pressures weighed on profitability in the past quarter, our favorable market positions, strong balance sheet, and continued disciplined investment in our people and assets, position us to deliver solid performance as market conditions evolve and to create value for our shareholders over the long term." Segment Financial Results Heavy Materials: Cement, Concrete and Aggregates Revenue in the Heavy Materials sector, which includes Cement, Concrete and Aggregates, Joint Venture and intersegment Cement revenue, increased 8% to $454.1 million, primarily driven by higher Cement sales volume. Heavy Materials operating earnings decreased 11% to $77.6 million primarily because of higher Cement operating costs. Cement revenue, including Joint Venture and intersegment revenue, was up 9% to $377.9 million. Operating earnings decreased 9% to $73.6 million, because of higher Cement operating costs partially offset by higher Cement sales volume. Cement operating costs were affected by higher maintenance and raw materials costs and inefficiencies associated with unexpected downtime at our Mountain Cement facility of $7.4 million, $4.2 million, and $6.0 million, respectively, partially offset by lower energy costs of $1.6 million. The average gross Cement sales price was up 1% while the average net Cement sales price decreased 2% as a result of higher freight costs of $3 per ton. Cement sales volume increased 8% to a record 2.1 million tons. Concrete and Aggregates revenue was up 3% to $76.2 million, driven by higher Aggregates sales volume and prices. Operating earnings were down 35% to $4.0 million, reflecting lower Concrete sales volume and higher operating costs. Light Materials: Gypsum Wallboard and Paperboard Revenue in the Light Materials sector, which includes Gypsum Wallboard and Recycled Paperboard, decreased 5% to $238.2 million, primarily because of lower Gypsum Wallboard sales volume and net prices. Gypsum Wallboard sales volume decreased 2% to 772 million square feet (MMSF) reflecting continued softness in residential construction. The average gross Wallboard price was down 5% from the prior year and flat with the sequential quarter, while the average net sales price declined 10% from the prior year, reflecting higher freight costs. Recycled Paperboard sales volume was a record 92,000 tons, up 2% from the prior year. The average Recycled Paperboard net sales price in the quarter was $600.44 per ton, up 6%, consistent with the pricing provisions in our long-term sales agreements that factor in changes to input costs. Operating earnings in the Light Materials sector were $86.5 million, down 15%, reflecting lower Gypsum Wallboard earnings, partially offset by higher Recycled Paperboard earnings. Details of Financial Results We conduct one of our cement plant operations through a 50/50 joint venture, Texas Lehigh Cement Company LP (the Joint Venture). We use the equity method of accounting for our 50% interest in the Joint Venture. For segment reporting purposes only, we proportionately consolidate our 50% share of the Joint Venture’s revenue and operating earnings, which is consistent with the way management organizes the segments within the Company for making operating decisions and assessing performance. In addition, for segment reporting purposes, we report intersegment revenue as a part of a segment’s total revenue. Intersegment sales are eliminated on the income statement. Refer to Attachment 3 for a reconciliation of these amounts. About Eagle Materials Inc. Eagle Materials Inc. is a leading U.S. manufacturer of heavy construction products and light building materials. Eagle’s primary products, Portland Cement and Gypsum Wallboard, are essential for building, expanding and repairing roads and highways and for building and renovating residential, commercial and industrial structures across America. Eagle manufactures and sells its products through a network of more than 70 facilities spanning 21 states and is headquartered in Dallas, Texas. Visit eaglematerials.com for more information. Eagle’s senior management will conduct a conference call to discuss the financial results, forward-looking information and other matters at 8:30 a.m. Eastern Time (7:30 a.m. Central Time) on Wednesday, July 29, 2026. The conference call will be webcast simultaneously on the Eagle website, eaglematerials.com. A replay of the webcast and the presentation will be archived on the site for one year. ### Forward-Looking Statements. This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934 and the Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by the context of the statements and generally arise when the Company is discussing its beliefs, estimates or expectations as to future events. These statements are not historical facts or guarantees of future performance but instead represent only the Company’s belief at the time the statements were made regarding future events which are subject to certain risks, uncertainties and other factors, many of which are outside the Company’s control. Actual results and outcomes may differ materially from what is expressed or forecast in such forward-looking statements. The principal risks and uncertainties that may affect the Company’s actual performance include the following: the cyclical and seasonal nature of the Company’s businesses; fluctuations in public infrastructure expenditures; the effects of adverse weather conditions on infrastructure and other construction projects as well as our facilities and operations; the fact that our products are commodities and that prices for our products are subject to material fluctuation due to market conditions and other factors beyond our control; the availability of and fluctuations in the cost of raw materials; changes in the costs of energy, including, without limitation, natural gas, coal and oil (including diesel), and the nature of our obligations to counterparties under energy supply contracts, such as those related to market conditions (for example, spot market prices), governmental orders and other matters; changes in the cost and availability of transportation; unexpected operational difficulties, including unexpected maintenance costs, equipment downtime and interruption of production; material nonpayment or non-performance by any of our key customers; consolidation of our customers; interruptions in our supply chain; difficulties or obstacles encountered in executing capacity expansion or improvement projects, including the inability to execute or complete such projects on time and within budget or to realize expected efficiency gains or costs savings from such projects; difficulties and delays in the development of new business lines; governmental regulation and changes in governmental and public policy (including, without limitation, climate change and other environmental regulation); changes in trade policy, including tariffs and the effects of any increases in tariffs on our business, including increases in cost of inputs used in our facility expansion and modernization projects; possible losses or other adverse outcomes from pending or future litigation or arbitration proceedings; changes in economic conditions or the nature or level of activity in any one or more of the markets or industries in which the Company or its customers are engaged; competition; cyber-attacks or data security breaches, together with the costs of protecting our systems against such incidents and the possible effects thereof on our operations; increases in capacity in the gypsum wallboard and cement industries; changes in the demand for residential housing construction or commercial construction or construction projects undertaken by state or local governments; the availability of acquisitions or other growth opportunities that meet our financial return standards and fit our strategic focus; risks related to pursuit of acquisitions, joint ventures and other transactions or the execution or implementation of such transactions, including the integration of operations acquired by the Company; general economic conditions, including inflation and recessionary conditions; and increases in interest rates (including mortgage rates) or the continuation of high levels of interest rates and the resulting effects on the Company and demand for our products. For example, increases in interest rates, decreases in demand for construction materials or increases in the cost of our raw materials can be expected to adversely affect the revenue and operating earnings of our operations. In addition, changes in national or regional economic conditions and levels of infrastructure and construction spending could also adversely affect the Company’s results of operations. Finally, any forward-looking statements made by the Company are subject to the risks and impacts associated with natural disasters, the outbreak, escalation or resurgence of health emergencies, pandemics or other unforeseen events, as well as their impact on our operations and on economic conditions, capital and financial markets. These and other factors are described in the Company’s Annual Report on Form 10-K for the fiscal year ended March 31, 2026, and subsequent quarterly and annual reports upon filing. These reports are filed with the Securities and Exchange Commission. All forward-looking statements made herein are made as of the date hereof, and the risk that actual results will differ materially from expectations expressed herein will increase with the passage of time. The Company undertakes no duty to update any forward-looking statement to reflect future events or changes in the Company’s expectations. Attachment 1 Consolidated Statement of EarningsAttachment 2 Revenue and Earnings by Business SegmentAttachment 3 Sales Volume, Net Sales Prices and Intersegment and Cement RevenueAttachment 4 Consolidated Balance SheetsAttachment 5 Depreciation, Depletion and Amortization by Business SegmentAttachment 6 Reconciliation of Non-GAAP Financial Measures Eagle Materials Inc.Reconciliation of Non-GAAP Financial Measures(dollars in thousands)(unaudited) EBITDA and Adjusted EBITDAWe present Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA) and Adjusted EBITDA to provide additional measures of operating performance and allow for more consistent comparison of operating performance from period to period. EBITDA is a non-GAAP financial measure that provides supplemental information regarding the operating performance of our business without regard to financing methods, capital structures or historical cost basis. Adjusted EBITDA is also a non-GAAP financial measure that further excludes the impact from Non-routine Items and stock-based compensation, in each case if applicable during the relevant fiscal quarter or fiscal year. Management uses EBITDA and Adjusted EBITDA as alternative bases for comparing the operating performance of Eagle from period to period and for purposes of its budgeting and planning processes. Adjusted EBITDA may not be comparable to similarly titled measures of other companies because other companies may not calculate Adjusted EBITDA in the same manner. Neither EBITDA nor Adjusted EBITDA should be considered in isolation or as an alternative to net income, cash flow from operations or any other measure of financial performance or liquidity in accordance with GAAP. The following shows the calculation of EBITDA and Adjusted EBITDA and reconciles them to net earnings in accordance with GAAP for the quarters ended June 30, 2026 and 2025, and the trailing twelve months ended June 30, 2026, and March 31, 2026: Reconciliation of Net Debt to Adjusted EBITDAGAAP does not define "Net Debt" and it should not be considered as an alternative to debt as defined by GAAP. We define Net Debt as total debt minus cash and cash equivalents to indicate the amount of total debt that would remain if the Company applied the cash and cash equivalents held by it to the payment of outstanding debt. The Company also uses "Net Debt to Adjusted EBITDA," which it defines as Net Debt divided by Adjusted EBITDA for the trailing twelve months, as an alternative metric to assist it in understanding its leverage position. We present this metric for the convenience of the investment community and rating agencies who use such metrics in their analysis, and for investors who need to understand the metrics we use to assess performance and monitor our cash and liquidity positions. View source version on businesswire.com: https://www.businesswire.com/news/home/20260729615069/en/ Contacts For additional information, contact at 214-432-2000: Michael R. HaackPresident and Chief Executive Officer D. Craig KeslerExecutive Vice President and Chief Financial Officer Alex HaddockSenior Vice President, Investor Relations, Strategy and Corporate Development

This article first appeared on GuruFocus. Release Date: July 29, 2026 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Eagle Materials Inc (NYSE:EXP) reported record first quarter revenue of $651 million, up 3% year-over-year. The company achieved earnings per share of $3.29 with a gross margin of 24.8%, highlighting its low-cost producer position. Strong cash flow generation with a 13% increase in operating cash flow to $154 million. Continued investment in high-return modernization projects, such as the Laramie cement plant and Duke wallboard plant, expected to significantly reduce operating costs. Robust demand in the cement and aggregates sectors driven by elevated infrastructure spending and growth in data center construction. Unexpected equipment failure at the Mountain Cement facility resulted in a $6 million earnings impact. Higher operating costs, particularly in cement and wallboard, offset revenue growth. Increased freight costs contributed to a 13% decrease in first quarter earnings per share. Wallboard sales volume and prices declined, leading to a 16% drop in operating earnings for the light materials sector. Net cement sales prices were down 2%, impacted by elevated freight costs despite some gross price improvements. Warning! GuruFocus has detected 5 Warning Signs with BOM:532497. Is EXP fairly valued? Test your thesis with our free DCF calculator. Q: Can you provide insights on the strong wallboard volume despite subdued housing starts? A: Craig Kessler, CFO: The demand for wallboard has remained stable despite higher interest rates, which have kept construction activity lower. The U.S. is still structurally short on housing supply, which supports demand for wallboard. The activity levels are better than anticipated given the environment. Q: How might Canadian tariffs on cement impact your markets, particularly in the Midwest? A: Michael Hack, CEO: The U.S. is balanced in cement supply-demand dynamics. While we don't participate much in the Northeast where most Canadian cement enters, any tightening of the supply chain could benefit pricing and supply-demand dynamics. Q: With capital projects winding down, what are your plans for future cash flow generation? A: Michael Hack, CEO: We continuously evaluate our operations for strategic investments. Permitting challenges exist, but we look at M&A opportunities that fit our financial criteria. Craig Kessler, CFO, added that they maintain a balanced approach to capital allocation, including share buybacks and growth projects. Q: What is driving the stronger cement volumes compared to peers? A: Craig Kessler, CFO: The demand is primarily driven by public infrastructure spending, supported by federal and state levels. Private non-residential construction, especially data centers, also contributes to the strength. Our footprint continues to perform well. Q: Can you explain the flat to down net cement pricing over the past two years? A: Craig Kessler, CFO: A year ago, the environment was tougher for price increases due to decreased cement consumption. This year, while gross prices increased in some markets, elevated freight costs offset these gains, resulting in flat to down net pricing. For the complete transcript of the earnings call, please refer to the full earnings call transcript.

The market expects Eagle Materials (EXP) to deliver a year-over-year decline in earnings on lower revenues when it reports results for the quarter ended June 2026. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates. The earnings report, which is expected to be released on July 29, might help the stock move higher if these key numbers are better than expectations. On the other hand, if they miss, the stock may move lower. While the sustainability of the immediate price change and future earnings expectations will mostly depend on management's discussion of business conditions on the earnings call, it's worth handicapping the probability of a positive EPS surprise. This maker of gypsum wallboard and cement is expected to post quarterly earnings of $3.26 per share in its upcoming report, which represents a year-over-year change of -13.3%. Revenues are expected to be $628.6 million, down 1% from the year-ago quarter. The consensus EPS estimate for the quarter has been revised 1.19% lower over the last 30 days to the current level. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period. Investors should keep in mind that the direction of estimate revisions by each of the covering analysts may not always get reflected in the aggregate change. Price, Consensus and EPS Surprise Estimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. Our proprietary surprise prediction model -- the Zacks Earnings ESP (Expected Surprise Prediction) -- has this insight at its core. The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier. Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the model's predictive power is significant for positive ESP readings only. A positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). Our research shows that stocks with this combination produce a positive surprise nearly 70% of the time, and a solid Zacks Rank actually increases the predictive power of Earnings ESP. Please note that a negative Earnings ESP reading is not indicative of an earnings miss. Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell). For Eagle Materials, the Most Accurate Estimate is lower than the Zacks Consensus Estimate, suggesting that analysts have recently become bearish on the company's earnings prospects. This has resulted in an Earnings ESP of -4.29%. On the other hand, the stock currently carries a Zacks Rank of #3. So, this combination makes it difficult to conclusively predict that Eagle Materials will beat the consensus EPS estimate. Analysts often consider to what extent a company has been able to match consensus estimates in the past while calculating their estimates for its future earnings. So, it's worth taking a look at the surprise history for gauging its influence on the upcoming number. For the last reported quarter, it was expected that Eagle Materials would post earnings of $1.47 per share when it actually produced earnings of $1.91, delivering a surprise of +29.93%. Over the last four quarters, the company has beaten consensus EPS estimates two times. An earnings beat or miss may not be the sole basis for a stock moving higher or lower. Many stocks end up losing ground despite an earnings beat due to other factors that disappoint investors. Similarly, unforeseen catalysts help a number of stocks gain despite an earnings miss. That said, betting on stocks that are expected to beat earnings expectations does increase the odds of success. This is why it's worth checking a company's Earnings ESP and Zacks Rank ahead of its quarterly release. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported. Eagle Materials doesn't appear a compelling earnings-beat candidate. However, investors should pay attention to other factors too for betting on this stock or staying away from it ahead of its earnings release. Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Eagle Materials Inc (EXP) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research