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Wall St Engine
@wallstengine
Fast, accurate, consistent stock market news, earnings highlights & more. By Brillinsight. Not financial advice.
Joined March 2022
984 Following    211.5K Followers
EAGLE MATERIALS $EXP Q2โ€™27 EARNINGS HIGHLIGHTS ๐Ÿ”น Revenue: $652.7M (Est. $636M) ๐ŸŸข; +2% YoY ๐Ÿ”น EPS: $3.63 (Est. $3.91) ๐Ÿ”ด; -14% YoY ๐Ÿ”น Adjusted EBITDA: $202.7M (Est. $212M) ๐Ÿ”ด Segment Net Revenue: ๐Ÿ”น Heavy Materials: $477.8M; +2% YoY ๐Ÿ”น Cement: $349.1M; +1% YoY ๐Ÿ”น Concrete & Aggregates: $87.2M; +7% YoY ๐Ÿ”น Light Materials: $216.4M; +2% YoY ๐Ÿ”น Gypsum Wallboard: $185.7M; +1% YoY ๐Ÿ”น Recycled Paperboard: $30.7M; +6% YoY Other Q2 Metrics: ๐Ÿ”น Cement Volume: 2.2M tons; flat YoY ๐Ÿ”น Wallboard Volume: 696M sq. ft.; +7% YoY ๐Ÿ”น Aggregates Volume: 1.9M tons; -6% YoY ๐Ÿ”น Recycled Paperboard Volume: 86K tons; +5% YoY Capital Return: ๐Ÿ”น Share Repurchases: 304,881 shares for ~$62M Comments: ๐Ÿ”ธ Michael Haack, President and Chief Executive Officer: โ€œelevated interest rates placed additional pressure on an already challenging residential construction market.โ€ ๐Ÿ”ธ Michael Haack, President and Chief Executive Officer: โ€œWe also repurchased 711,381 shares of our common stock for approximately $146.0 million. We ended the quarter with debt of $1.8 billion, net debt of $1.5 billion, and a net leverage ratio (net debt to Adjusted EBITDA) of 2.1xโ€
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