Eagle Materials Reports Q2 2027 Revenue Growth Amidst Rising Operating Costs
Eagle Materials (EXP) reported second-quarter revenue of $652.7 million, a 2% increase driven by record cement sales volumes and growth in wallboard and recycled paperboard shipments. Despite the top-line growth, diluted earnings per share fell 14% to $3.63 due to significant headwinds from elevated diesel fuel prices, higher labor costs, and increased maintenance expenses. The company's Heavy Materials segment saw a 2% revenue increase supported by infrastructure spending, while Light Materials grew 2% despite softness in the residential housing market. Management noted that high interest rates continue to constrain residential construction demand, though they have announced cement price increases of $10 to $15 per ton effective January 1, 2027, to offset rising transportation and energy costs.
Topics: cement sales eps infrastructure spending operating costs revenue
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Part of the story Eagle Materials Reports Q2 2027 Revenue Growth Amidst Rising Operating Costs (13 articles)