How Eagle Materials fared in its 2018 fiscal year

By |  May 16, 2018

Eagle Materials‘ revenue in the company’s heavy materials sector, which includes aggregate, cement, concrete and joint-venture and intersegment cement revenue, increased 12 percent to $807.4 million in fiscal year 2018.

The company’s heavy materials operating earnings for the fiscal year were $197.0 million, an increase of 15 percent.

Fiscal 2018 revenue from concrete and aggregate jumped 2 percent to $155.7 million, Eagle reports. Concrete and aggregate reported fiscal 2018 operating earnings of $17.9 million, down 1 percent.

Concrete and aggregate revenue for Eagle’s fiscal year fourth quarter was $30.7 million, a decrease of 22 percent. Fourth-quarter operating earnings were $2.8 million, a 44 percent decline from the same quarter a year ago. The company attributes the decline to wet weather in two of its markets.

Eagle produces and distributes aggregate, cement, concrete, gypsum wallboard, recycled paperboard and frac sand from more than 75 facilities across the United States.

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