Eagle Materials Inc. Announces Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended December 31, 2015
January 29, 2016 at 02:45 am IST
Share
Eagle Materials Inc. announced unaudited consolidated earnings results for the third quarter and nine months ended December 31, 2015. For the quarter, revenue was $277,409,000 against $291,529,000 a year ago. Earnings before interest and income taxes were $72,207,000 against $81,967,000 a year ago. Earnings before income taxes were $68,205,000 against $77,866,000 a year ago. Net earnings were $45,848,000 against $52,030,000 a year ago. Diluted earnings per share were $0.92 against $1.03 a year ago. Cash flow from operations of $108.7 million, up 66%. The decline in Eagle's third quarter revenues in segment operating earnings was driven primarily by a shift in the timing of Wallboard sales volumes versus prior year's third quarter.
For the nine months, revenue was $891,360,000 against $842,588,000 a year ago. Earnings before interest and income taxes were $179,760,000 against $220,283,000 a year ago. Earnings before income taxes were $166,930,000 against $208,229,000 a year ago. Net earnings were $113,429,000 against $140,059,000 a year ago. Diluted earnings per share were $2.26 against $2.78 a year ago.
Eagle Materials Inc. is a manufacturer of heavy construction materials and light building materials in the United States. The Company manufactures and distributes Portland Cement, Gypsum Wallboard, and Concrete and Aggregates from more than 70 facilities across the United States. Its business is organized into two sectors: Heavy Materials, which includes the Cement and Concrete and Aggregates segments; and Light Materials, which includes the Gypsum Wallboard and Recycled Paperboard segments. Its primary products are commodities that are essential in commercial and residential construction; public construction projects; and projects to build, expand, and repair roads and highways. It operates approximately eight modern cement plants, one slag grinding facility and 30 cement distribution terminals. The Company operates over 25 ready-mix concrete batch plants, five aggregate processing plants, five gypsum wallboard plants and a recycled paperboard mill.
EAGLE MATERIALS INC. 
