Eagle Materials Reports Record Second Quarter Revenue and Announces Future Price Increases
Eagle Materials (EXP) reported record second-quarter revenue of $653 million during its fiscal 2027 earnings call. Despite facing elevated freight expenses due to rising diesel fuel prices, the company plans to implement cement price increases of $10 to $15 per ton in January 2027 to protect profit margins. The company is currently undergoing significant plant modernizations, such as the Mountain Cement plant upgrade in Wyoming, which represents a peak in capital expenditures. Management expects these investments to lead to a substantial reduction in spending and an expansion of free cash flow starting in fiscal year 2028. Additionally, Eagle Materials remains focused on aggressive M&A opportunities within the fragmented aggregates market.
Tickers: $EXP
Topics: capital expenditures price increases quarterly earnings revenue growth share buybacks
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