Cement News tagged under: Eagle Materials
Eagle Materials’ 1H16 profit rises by 55%28 October 2016, Published under Cement NewsEagle Materials' 1H16 turnover to the end of September, including its share of the Texan cement joint venture with HeidelbergCement, improved by 1.7 per cent to US$682m. The trading profit advanced by 54.5 per cent to US$166.2m. After a net interest charge that was 8.3 per cent higher at US$9.6m, the pretax profit improved by 58.7 per cent to US$156.6m. The tax charge was 64 per cent higher, leaving the net attributable profit 56.2 per cent ahead at US$105.6m. Turnover from cement was 6... |
Cemex13 October 2016, Published under Cement NewsCemex is raising around a further US$400m through the sale of cement assets in Ohio to Eagle Materials. The deal primarily concerns a 0.9Mta integrated cement works at Fairborn and also covers a cement terminal at Columbus and a cement bagging operation. In 2016 these assets are expected to generate a turnover in the region of US$79m and an EBITDA of some US$33m. The deal is expected to be completed at around the turn of the year. |
Cemex05 October 2016, Published under Cement NewsCemex is raising a further US$400m through the sale of cement assets in Ohio to Eagle Materials. The deal primarily concerns a 0.9Mta integrated cement works at Fairborn, but also covers a cement terminal at Columbus and a cement bagging operation. These assets are expected to generate a turnover in the region of US$79m and an EBITDA of some US$33m in 2016. The deal is expected to be completed at the turn of the year. |
Eagle Materials advances cement volumes by 13%26 July 2016, Published under Cement NewsIn the first quarter of its financial year to 31 March, Eagle Materials' turnover, including its share of the Texas Lehigh cement joint venture, increased by 3.3 per cent to US$322.4m. The trading profit advanced by 17.9 per cent to US$71.2m and after an interest charge 13 per cent lower at US$3.9m, the pretax profit was up by 20.4 per cent to US$67.3m and the net attributable profit rose by 20.1 per cent to US$45.4m. The net debt at the end of June stood at US$489.5m, giving a gearing le... |
Eagle Materials improves cement profit29 January 2016, Published under Cement NewsIncluding its share of the jointly-owned Texas Lehigh Cement, the turnover of Eagle Materials for the first nine months to 31 December 2015 increased by 3.5 per cent to US$973.9m. The trading profit before corporate overheads declined by 16.4 per cent to US$206.4m, of which cement contributed 56.2 per cent compared with 39.1 per cent a year earlier. The group trading profit was off by 18.4 per cent to US$179.8m. After a net interest charge 6.4 per cent higher at US$12.8, the pretax profi... |
Eagle Materials President and CEO to retire26 January 2016, Published under Cement NewsEagle Materials announced yesterday that the company's President and CEO, Steve Rowley (62) has decided to retire as an officer and director of the company effective the end of this fiscal year, 31 March 2016. Mr Rowley has provided 25 years of continuous service to the company and its stockholders. Dave Powers, executive vice president for Gypsum Wallboard at Eagle since 2005, will succeed Steve as President and CEO on 31 March, and will then also be appointed to the Board of Directors. |
Eagle Materials reports record quarterly cement earnings and volumes27 October 2015, Published under Cement NewsEagle Materials Inc posted yesterday record quarterly Cement and Paperboard division operating earnings as demand for the company's building materials and construction products remained strong in each of its regional markets “Eagle's construction products and building materials businesses continued to perform exceptionally well during the second quarter, with the Cement and Paperboard businesses reporting record quarterly operating earnings and our wallboard and concrete and aggregates b... |
Wet weather dampens Eagle Materials' 1Q04 August 2015, Published under Cement NewsEagle Materials' turnover, including its share of the Texas Lehigh cement joint venture, increased by 4.4 per cent to US$312m for the first quarter of fiscal 2016 ended 30 June 2015. The trading profit improved by 0.9 per cent to US$60.4m and after an interest charge 10.7 per cent higher at US$4.49m, the pre-tax profit was ahead by just 0.2 per cent to US$55.9m and the net attributable profit advanced by a marginal 0.1 per cent to US$37.8m. Net debt at the end of June stood at US$585.1m, ... |
Eagle Materials helped by addition of oil & gas15 May 2015, Published under Cement NewsIncluding its share of the jointly-owned Texas Lehigh Cement, the turnover of Eagle Materials for the financial year to the end of March advanced by 18.1 per cent to US$1192.6m. Of this total turnover, cement represented 40.2 per cent, plasterboard accounted for 36.7 per cent, aggregates & concrete for 9.0 per cent, plasterboard liner for 7.3 per cent and oil & gas for 6.8 per cent. The trading profit rose by 34.6 per cent to US$302.30m, helped by the first significant contribution from oi... |
Eagle Materials net profit rises by 37.8%04 February 2015, Published under Cement NewsIncluding its share of the jointly-owned Texas Lehigh Cement, the turnover of Eagle Materials for the first nine months to 31 December, rose by 19.1 per cent to US$941.2m. The trading profit before corporate overheads increased by 33.7 per cent to US$246.9m, of which cement contributed 39.1 per cent. The trading profit improved by 32.5 per cent to US$220.3m. After a net interest charge 15.3 per cent lower at US$12.1, the pre-tax profit advanced by 37 per cent to US$208.2m and the net prof... |