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Eagle Materials' (EXP) fourth-quarter fiscal 2024 results showcase increased sales volume and gross sales prices. This is partially offset by adverse weather and increased maintenance costs.
Shares of Eagle Materials Inc. NYSE: EXP are trading lower by more than 7% on Tuesday's morning trading session; the reaction resulted from the company's first quarter 2024 release, which left some investors scratching their heads, to say the least. It's not often that markets get this disconnected from the fundamentals of a business, and this selloff could be more profit-taking rather than bailing out of the stock.
Shares of Eagle Materials Inc. NYSE: EXP are trading lower by more than 7% on Tuesday's morning trading session; the reaction resulted from the company's first quarter 2024 release, which left some investors scratching their heads, to say the least. It's not often that markets get this disconnected from the fundamentals of a business, and this selloff could be more profit-taking rather than bailing out of the stock.
The headline numbers for Eagle Materials (EXP) give insight into how the company performed in the quarter ended March 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Eagle Materials (EXP) came out with quarterly earnings of $2.24 per share, missing the Zacks Consensus Estimate of $2.72 per share. This compares to earnings of $2.79 per share a year ago.
DALLAS--(BUSINESS WIRE)--Eagle Materials Inc. (NYSE: EXP) today reported financial results for fiscal year 2024 and the fiscal fourth quarter ended March 31, 2024. Notable items for the fiscal year and quarter are highlighted below. (Unless otherwise noted, all comparisons are with the prior fiscal year or prior year's fiscal fourth quarter, as applicable.) Full Year Fiscal 2024 Highlights Record Revenue of $2.3 billion, up 5% Record Net Earnings of $477.6 million, up 3% Record diluted earnings.
Eagle Materials (EXP) is set to modernize and expand the Laramie plant, boosting capacity and cutting costs by 25%.
The Investment Committee give you their top stocks to watch for the second half.
DALLAS--(BUSINESS WIRE)--Eagle Materials Inc. (NYSE: EXP) today announced plans to modernize and expand its Laramie, Wyoming cement plant and related distribution facilities, which provide cement to several markets, including the growing northern Colorado area, Nebraska, Utah and Wyoming. The modernized plant and an additional cement distribution facility in northern Colorado will incorporate state-of-the-art technology maximizing operating efficiencies which will further strengthen Eagle's low.
Beyond analysts' top -and-bottom-line estimates for Eagle Materials (EXP), evaluate projections for some of its key metrics to gain a better insight into how the business might have performed for the quarter ended March 2024.