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Press Release: Eagle Materials : Earnings Highlights and Review: Eagle Materials Posted Record Quarterly Revenues

Research Desk Line-up: James Hardie Industries Post Earnings CoverageLONDON, UK / ACCESSWIRE / June 7, 2017 / Pro-Trader Daily publishes post-earnings coverage on Eagle Materials Inc. (NYSE: EXP) following the Company's release of its fourth quarter and fiscal 2017 financial results on May 18, 2017. The maker of gypsum wallboard and cement surpassed top- and bottom-line expectations. Our daily stock reports are accessible for free, and with those to look forward today you also will be signing up for a complimentary member's account at: more of our free earnings reports coverage from other constituents of the Cement industry. Pro-TD has currently selected James Hardie Industries PLC (NYSE: JHX) for due-diligence and potential coverage as the Company announced on May 17, 2017, its financial results for Q4 FY17 and full year 2017 which ended on 31 March 2017. Register for a free membership today, and be among the early birds that get access to our report on James Hardie Industries when we publish it.At Pro-TD, we make it our mission to bring you news that matter about the stock you follow. Today, our research desk covers a blog story on EXP; also brushing on JHX. With the links below you can directly download the report of your stock of interest free of charge at: ReviewedFor the quarter ended March 31, 2017, Eagle Materials reported record revenues of $278.66 million, up 11% compared to revenue of $252.13 million in Q4 FY16. The Company's revenue numbers exceeded analysts' consensus forecasts of $271.18 million. Eagle's FY17 revenues were a record $1.2 billion, an increase of 6% from the prior year, reflecting improved sales volumes and prices across most of the Company's businesses.For Q4 FY17, Eagle Materials' net income of $36.25 million, or $0.75 per share, compared to earnings of $39.16 million, or $0.88 per share. The Company's reported quarter financial results included approximately $9.4 million (pre-tax), or $0.13 per share, of costs associated with completing the acquisition of the Fairborn Business. Eagles Materials' adjusted earnings, totaled $0.88 per share, surpassing Wall Street's expectations of $0.86 per share. For FY17, the Company reported profit of $198.2 million, or $4.10 per share, compared to $152.59 million, $3.05 per diluted share.Segment ResultsDuring Q4 FY17, Eagle Materials' Cement segment's revenues, including joint venture and intersegment revenues, totaled $116.7 million, up 17% on a y-o-y basis. Cement's sales volumes for the reported quarter were 980,000 tons, 11% higher than the prior year's comparable quarter. The average net sales price for Cement during Q4 FY17 was $106.17 per ton, a 6% improvement on a y-o-y basis. Eagle Materials' operating earnings from Cement for the reported quarter were a record $25.9 million, a 19% on a y-o-y basis.For Q4 FY17, Eagle Materials' Concrete and Aggregates reported revenues of $39.5 million, up 28% on a y-o-y basis. The segment's reported quarter operating earnings were $5.0 million, a 99% improvement from the year ago same period, reflecting record quarterly concrete sales volumes and record concrete and aggregates sales prices. For FY17, Eagle's revenues from Concrete and Aggregates were $153.3 million, 21% higher on a y-o-y basis. Concrete and Aggregates reported FY17 operating earnings of $18.1 million, up 84% compared to the prior year's corresponding quarter.For Q4 FY17, Eagle Materials' Gypsum Wallboard and Paperboard segment's revenues totaled $138.3 million, down 2% on a y-o-y basis, reflecting lower wallboard and paperboard sales volumes partially offset by improved prices. The average Gypsum Wallboard's net sales price for the reported quarter was $158.54 per MSF, 4% higher compared to the year ago same period. Gypsum Wallboard's sales volumes of 600 million square feet (MMSF) were down approximately 5%. The average Paperboard net sales price in Q4 FY17 was $524.90 per ton, up 5%. Paperboard sales volumes for the reported quarter were 72,000 tons, 1% lower on a y-o-y basis.Gypsum Wallboard and Paperboard reported Q4 FY17 operating earnings of $44.5 million, down 13% on a y-o-y basis, driven by lower wallboard sales volumes and increased operating costs, which were partially offset by higher wallboard and paperboard net sales prices.Eagle Materials' Oil and Gas Proppants business reported Q4 FY17 revenues of $15.8 million, surging 98% on a y-o-y basis, primarily reflecting a 144% increase in frac sand sales volumes. The segment reported quarter operating loss of $2.9 million, and included depreciation, depletion and amortization of $3.8 million.Cash MattersEagle Materials' operating cash flow during FY17 increased 25% to nearly $332 million. The Company stated that excess cash flow was utilized to fund capital investments, acquire the Fairborn business, repurchase shares, and pay dividends during the fiscal year. Eagle Materials' net debt-to-cap ratio was 36% at March 31, 2017.On May 23, 2017, Eagle Materials' Board of Directors declared a quarterly cash dividend of $0.10 per share, payable on July 21, 2017, to stockholders of record of its Common Stock at the close of business on June 21, 2017.Stock PerformanceAt the closing bell, on Tuesday, June 06, 2017, Eagle Materials' stock slipped 1.50%, ending the trading session at $95.09. A total volume of 308.38 thousand shares were traded at the end of the day. In the last twelve months, shares of the Company have surged 17.71%. The Company's shares are trading at a PE ratio of 23.19 and have a dividend yield of 0.42%. The stock currently has a market cap of $4.61 billion.Pro-Trader Daily:Pro-Trader Daily (Pro-TD) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and Canadian stocks. PRO-TD has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below.PRO-TD has not been compensated; directly or indirectly; for producing or publishing this document.PRESS RELEASE PROCEDURES:The non-sponsored content contained herein has been prepared by a writer (the "Author") and is fact checked and reviewed by a third party research service company (the "Reviewer") represented by a credentialed financial analyst, for further information on analyst credentials, please email [email protected] Rohit Tuli, a CFA® charterholder (the "Sponsor"), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable-effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. 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Additionally, PRO-TD, the Author, and the Reviewer do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.NOT AN OFFERINGThis document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither PRO-TD nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit any questions, inquiries, or comments reach out to us directly. If you're a company we are covering and wish to no longer feature on our coverage list contact us via email and/or phone between 09:30 EDT to 16:00 EDT from Monday to Friday at:Email: [email protected] number: (917) 341.4653Office Address: Mainzer Landstrasse 50 Frankfurt am Main, Germany 60325CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.SOURCE: Pro-Trader DailyReleaseID: 465064

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Eagle Materials is a provider of cement, aggregates, concrete and gypsum wallboard for building construction.

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