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Eagle Materials publishes third-quarter aggregate results

By |  February 9, 2018

Eagle Materials reported third-quarter fiscal revenues for its concrete and aggregate segments at $38.5 million, a 5 percent decline compared with the same period one year ago.

In addition, third-quarter earnings were $3.4 million, which is 26 percent below the same period one year ago. According to Eagle Materials, the decrease reflects lower concrete and aggregate sales volumes partially offset by record third-quarter concrete and aggregate sales prices.

Sales volumes at the Eagle Materials’ Austin, Texas, concrete and aggregate business were impacted by wet weather in the latter portion of the quarter, the company adds.

Cement revenues, including joint-venture and intersegment revenues, totaled $161.6 million in the third quarter, which was a 17 percent increase compared with the same quarter last year. The average net sales price for the quarter was $106.83 per ton.

As a whole, the company reported revenues of $359.4 million in the third quarter. That’s a 19 percent increase compared with the same quarter last year. In addition, Eagle Materials’ record net earnings per diluted share was $2.08, up 78 percent, and its third-quarter gross profit improved 8 percent.

Allison Kral

About the Author:

Allison Kral is the former senior digital media manager for North Coast Media (NCM). She completed her undergraduate degree at Ohio University where she received a Bachelor of Science in magazine journalism from the E.W. Scripps School of Journalism. She works across a number of digital platforms, which include creating e-newsletters, writing articles and posting across social media sites. She also creates content for NCM's Portable Plants magazine, GPS World magazine and Geospatial Solutions. Her understanding of the ever-changing digital media world allows her to quickly grasp what a target audience desires and create content that is appealing and relevant for any client across any platform.

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