Cement News tagged under: Eagle Materials
Eagle Material reports second quarter rise in earnings, USA30 October 2012, Published under Cement NewsEagle Materials has reported continued growth in sales volumes and earnings in the second quarter as revenues rise 22 per cent to US$164.7m. Second quarter sales volumes improved across all major business lines and wallboard net sales prices increased 30 per cent as compared to the prior year's second quarter. Improved second quarter operating cash flow was used to fund capital expenditures, pay dividends and reduce debt which further strengthened our financial position. Eagle ended the qua... |
Lafarge divests in US assets to Eagle, market improves01 October 2012, Published under Cement NewsLast week, Lafarge announced the disposal of two cement works and a network of ready-mix concrete plants in Missouri and Oklahoma, USA, to Eagle Materials Inc, adding US$446m (EUR344m) to its coffers. With the deal, Eagle Materials acquires the 1Mta Kansas City (MO) and the 0.6Mta unit in Tulsa (OK) as well as related distribution terminals, two aggregate quarries, eight ready-mixed concrete businesses and a fly ash firm. The move is seen by some as a win-win for both parties. Eagle secures... |
Eagle improves in both cement & plasterboard, USA03 August 2012, Published under Cement NewsIn the first quarter of its financial year to 31 March 2012, Eagle Materials’ turnover, including its share of the Texas Lehigh cement joint venture, rose by 25.9 per cent to US$177.7m. The pre-tax profit rose 19-fold from US$1m to US$19.9m, after charging net interest costs that were 17.8 per cent lower at US$3.8m. Net attributable profit jumped from US$0.8m to US$14m and the net debt was 12.5 per cent lower at US$290.0m to give a gearing level of 64.5 per cent, down from 72.3 per cent a y... |
Eagle Materials' cement & plasterboard volumes on the rise, USA17 May 2012, 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 increased by 8.2% to US$581.2m. Of the total turnover, cement accounted for 41.4%, plasterboard for 37.5%, plasterboard liner for 13.4% and aggregates & concrete for 7.7%. The trading profit rose by 14.4% to US$69.4m, but corporate overheads increased by 17.7% to US$21.9m but other non-operating expenses declined by 14.8% to US$9.1m, giving a profit befo... |
Eagle's results hit by negative arbitration award03 February 2012, Published under Cement NewsIncluding its share of the jointly-owned Texas Lehigh Cement, Eagle Materials turnover for the first nine months to 31 December, rose 4.7% to US$442.7m. Trading profit, before corporate overheads, declined 13.7% to US$49.4m, of which cement contributed 79.9%. The actual trading profit before exceptional items fell by 17.6% to US$36.8m. After a net interest charge 1.9% higher at US$13.4m and exceptional charges of US$11.2m, that includes a US$9.1m arbitration award against the group, the ... |