Cement sales bolster Eagle Materials’ quarterly growth
Eagle Materials’ revenue in aggregates, ready-mixed concrete and cement saw a double-digit increase last quarter.
Read MoreTag: Michael Haack
Eagle Materials’ revenue in aggregates, ready-mixed concrete and cement saw a double-digit increase last quarter.
Read MorePresident and CEO Michael Haack says construction activity was healthy across the company’s markets in the quarter.
Read MoreAggregates and concrete revenue decreased 3 percent in the company’s last quarter.
Read MoreThe decline, however, reflects the sale of the company’s northern California concrete and aggregate businesses during the first quarter of fiscal 2021.
Read MoreThe company’s fiscal second quarter aggregate and concrete revenue was down, however, due to the sale of Northern California businesses.
Read MoreThese specific revenues jumped 12 percent in the company’s first quarter of fiscal 2021, which wrapped at the end of June.
Read MoreRevenue and earnings tied to aggregate were up in the latest quarter at Eagle Materials, which is currently limiting capital spending to critical projects only.
Read MoreThe transactions involve Western Aggregates and Mathews Readymix, and they come after the company announced plans to separate its heavy and light materials businesses.
Read MoreEagle Materials will hold off on separating its heavy and light materials businesses due to market conditions caused by the coronavirus pandemic.
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