Cement News tagged under: Eagle Materials

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Eagle Materials sees record revenue

29 July 2022, Published under Cement News

Eagle Materials has reported 18 per cent YoY growth in revenue to US$561.4m in the first quarter of fiscal 2023 ended 30 June 2022. This record result is being attributed to healthy construction activity in all markets and broad pricing gains across the company’s portfolio. Record net earnings were also seen, coming in up 10 per cent YoY at US$105m, while adjusted EBITDA over the same period advanced by 13 per cent to US$184.1m Revenue in the heavy materials sector, which includes cement,...

Eagle Materials reports 15% increase in revenue

20 May 2022, Published under Cement News

Eagle Materials has reported record revenue of US$1.9bn in the FY22, up 15 per cent YoY. Net earnings advanced by 10 per cent to US$374.2m over the same period, while adjusted EBITDA from continuing operations improved by 15 per cent to reach US$657.4m. In the fourth quarter of the FY22, revenue increased by 20 per cent YoY to another record of US$413.1m, with net earnings advancing by 13 per cent to US$74.3m. Adjusted EBITDA from continuing operations also grew in the fourth quarter, up by ...

Eagle Materials appoints Mauro Gregorio to its board

04 November 2021, Published under Cement News

USA-based Eagle Materials has appointed Mauro Gregorio to its board of directors. Mr Gregorio is the currently president of Performance Materials and Coatings at Dow, a supplier of innovative solutions in infrastructure and transportation. "Eagle Materials has a strong board with a diverse mix of backgrounds, capabilities and experiences, and today our board is even stronger with the addition of Mauro. I could not be more delighted that Mauro is joining us. His insights and perspective will...

Eagle Materials reports record 1Q results

31 July 2020, Published under Cement News

US-based Eagle Materials revenues advance 15 per cent to a record of US$428m in the first quarter of FY20-21 (ended 30 June). Michael Haack, President and CEO, said, “Against the backdrop of a global health crisis and unprecedented business disruption, our Company continued to perform well during the quarter, and our markets have proven to be resilient in the current environment. The integration of the Kosmos Cement Business proceeded on schedule and for the first time in Eagle’s history, ...

Eagle Materials posts record revenue in FY19-20

04 June 2020, Published under Cement News

US-based Eagle Materials has reported a record revenue of US$1.45bn in the FY19-20, up four per cent from US$1.39bn in the previous fiscal year. Net earnings climbed three per cent YoY to US$70.89m from US$68.86m, while adjusted EBITDA edged up one per cent to US$471.5m. The company posted record revenue of US$315.4m in the final quarter of FY19-20, up 11 per cent from US$284.7m in the 4QFY19-20. Adjusted EBITDA increased 14 per cent YoY to US$103.4m. "Having achieved record results in fis...

Eagle Materials sells non-core concrete and aggregates assets

20 April 2020, Published under Cement News

Eagle Materials Inc announced it has sold its Western Aggregates and Mathews Ready Mix operations for US$93.5m to Teichert, a California-based construction company. Western Aggregates vested-rights-to-mine covers 3900 acres and includes over 900Mt of aggregates. Mathews Ready Mix assets include three concrete batch plant locations and 26 trucks.  Michael Haack, Eagle Materials president and CEO, said: “This transaction represents the sale of non-core assets on the heavy-side of our com...

Eagle Materials appoints new board member

16 April 2020, Published under Cement News

USA-based Eagle Materials has appointed Mary Ricciardello to its board of directors. Ms Ricciardello’s previous experience includes seven years on the board of US Concrete. “We are extremely pleased to have Mary join our board. Mary is a proven leader and will be a great complement to the strong leaders on our board today. The addition of Mary to the board is also timely in that it provides additional flexibility in light of prospective board needs as we plan for the separation of Eagle M...

Eagle Materials spreads its wings

15 April 2020, Published under Cement News

Headquartered in Dallas, Texas, Eagle Materials Inc has grown from its early beginnings as part of Centex Corp into a multi-product building materials company. It is the largest US-owned cement firm, trades on the New York Stock Exchange and is developing solutions to introduce carbon capture at its cement plants. The recent acquisition of Kosmos Cement has boosted the company’s capacity by approximately 25 per cent and extends its reach in key US markets. Meanwhile, an ongoing strategic por...

Eagle Materials supplies business update amid COVID-19 uncertainty

15 April 2020, Published under Cement News

US-based Eagle Materials has announced that it intends to continue operations as an essential business and deliver products to its customers, since its primary manufacturing facilities span across the country’s heartland in areas where construction has generally been deemed essential by government authorities. Although market conditions for the company’s construction materials have reportedly remained robust, there is uncertainty about the level of mid-term demand sustainability. Therefore...

Cemex and Buzzi Unicem complete Kosmos Cement sale to Eagle Materials Inc

09 March 2020, Published under Cement News

Cemex has divested its 75 per cent share in its partnership with Buzzi Unicem of Kosmos Cement in Louisville, Kentucky, USA, to Eagle Materials Inc. The divestment is for an aggregate amount of US$665m, of which Cemex will receive approximately US$499m. Meanwhile, Buzzi Unicem has sold its 25 per cent share in Kosmos Cement to Eagle Materials Inc. The deal includes the divestment of the Louisville cement plant and seven terminals and raw material reserves.