
Eagle Materials delivers record $2.3B revenue as higher costs press profits
Eagle Materials (NYSE:EXP) reported record-high revenues for both the fourth quarter and full fiscal year 2026, driven by resilient pricing across its cement and wallboard segments, even as inflationary pressures trimmed net margins.
The Dallas-based building materials producer generated total revenue of $2.3 billion for the fiscal year ended March 31, 2026, marking a 2% increase compared to fiscal 2025.
Full-year net earnings fell 9% to $423.8 million, while net earnings per diluted share declined 4% to $13.16, moderated by aggressive share buyback activity.
Adjusted EBITDA for the twelve-month period came in at $774.5 million, representing a 5% decrease from the previous year.
For the fiscal fourth quarter, Eagle Materials posted record revenue of $479.1 million, a 2% gain over the prior-year quarter.
Net earnings for the three-month period fell 10% to $60.2 million, translating to diluted earnings per share of $1.91, down 5% year-over-year.
Fourth-quarter adjusted EBITDA settled at $136.1 million, down 4% from the same period last year.
The company capitalized on steady demand from infrastructure funding and non-residential construction projects to sustain its top-line expansion.
However, overall profitability during the quarter and full year was squeezed by rising energy expenses, maintenance overhead, and localized weather delays that impacted shipping volumes.
Meanwhile, Eagle Materials continued its aggressive capital return strategy throughout the period.
The company repurchased approximately 338,000 shares of its common stock for $71.5 million during the fourth quarter, bringing its total fiscal 2026 share repurchases to roughly 1.7 million shares for an aggregate deployment of $382 million.