Eagle Materials aggregate revenues up

Eagle Materials Inc.‘s concrete and aggregate businesses reported revenues for the first quarter of fiscal 2018 of $43.5 million, an increase of 26 percent compared with the prior year’s first quarter.

First-quarter operating earnings were $6 million at Eagle, a 63 percent improvement from the same quarter a year ago. The jump reflects improved concrete and aggregate pricing and concrete sales volumes, the company says.

Eagle’s oil and gas proppants business reported first-quarter revenues of $18.9 million, a 271 percent increase from the prior year, reflecting improved frac sand sales volumes and net sales prices.

According to Eagle, it achieved record revenues in its first quarter at $366.1 million. First-quarter earnings before interest and income taxes increased 22 percent.

Eagle, headquartered in Dallas, manufactures and distributes cement, gypsum wallboard, recycled paperboard, concrete and aggregate, and oil and gas proppants from 40 facilities across the United States.