Eagle Materials Q4 EPS Beats Forecast, Cement Revenue Climbs 15%
Eagle Materials posted Q4 adjusted EPS of $1.91 versus $1.60 forecast and revenue of $479.1M versus $452.7M, driving a 3.3% premarket gain. Cement revenue jumped 15% to $245.7M on 1.4M ton volume growth, offsetting a 9% drop in wallboard sales while returning $414M to shareholders.
1. Fourth-Quarter Results
Eagle Materials delivered adjusted earnings of $1.91 per share in Q4, surpassing the $1.60 consensus, and reported revenue of $479.1 million, topping estimates by $26.4 million. Net earnings were $60.2 million, down from $66.5 million a year earlier, and adjusted EBITDA fell 4% to $136.1 million.
2. Segment Performance
The Heavy Materials division led growth, with cement revenue climbing 15% to $245.7 million on 1.4 million tons sold, despite a 2% decline in average pricing. Light Materials revenue fell 9% to $214.6 million as gypsum wallboard volumes dropped 4% and average prices declined 8%.
3. Capital Return and Balance Sheet
For fiscal 2026, operating cash flow reached $614 million, enabling $414 million in dividends and share repurchases, including $71.5 million bought in Q4. The company ended the year with $1.5 billion in net debt and a net leverage ratio of 1.9x.