Eagle Materials sees higher revenues

Eagle Materials sees higher revenues
Published: 06 April 2005

Eagle Materials Inc said Tuesday that it expects revenue for fiscal 2005 ended March 31 to be about $590m.   In a document filed with the Securities and Exchange Commission, the construction product supplier also said it expects earnings before interest, taxes, depreciation and amortization to be around $195m.  Eagle Materials said it expects that roughly 54 per cent of its fiscal 2005 revenue will be derived from its gypsum wallboard division.  The balance of its anticipated revenue for the fiscal year will consist of 22 per cent from its cement operations, 13 per cent from the paperboard segment and 11 per cent from concrete and aggregates.  

The company’s estimates for fiscal 2005 are in line with its previous projection of revenue of US$575m to US$600m. In addition, the company reiterated fiscal 2006 revenue projections of US$675m to US$700m and net income projections of US$115m to US$125m for fiscal 2006.