Eagle Materials net earnings down 12% in Q3

Eagle Materials saw its net earnings drop 12% from a year ago to $45.8 million in Q3 of fiscal 2016 (ended 31 December 2015).

Its net earnings for each diluted share fell by 11% to $0.92 while revenue decreased by 5% to $277.4 million. Operations’ cash flow increased by 66% to $108.7 million.

Moreover, earnings from its cement business rose by 11% to USD 41.8 million. Cement sales grew by 1% to 1.2 million tons and revenue expanded by 9% to $135.4 million. Also, earnings for its aggregates and concrete division decreased by 7% to $1.5 million.

Meanwhile, revenue from Eagle Materials’ gypsum wallboard and paperboard unit dropped by 9% to $131.7 million.

Operating earnings declined by 8% to $45.2 million. Also, revenue from its oil and gas proppants business fell by 73% to $8.5 million.

Source
Eagle Materials

(Visited 99 times, 1 visits today)

Get involved

Register

As a member of this site you will be able to receive aggregates news relating only to those categories that are most relevant to you, submit job listings for FREE, post questions in the Q&A, and more.

Register Now

Feature your company

The Feature Your Company listing is your custom-made (by us) profile page that allows you to add any of the following content: text, videos, links, images. The page will also be listed on the Featured Company landing page. Over 560 unique aggregates users visit the site per day! Complete the enquiry form now to contact us.

Contact us

Jobs

Are you looking for an aggregate related job? Click here to see our jobs listing supplied by industry experts United Employment.

See Jobs

Advertise

Reach thousands of budget holders and decision makers by promoting your company on the longest established aggregate website in the US & Canada. Or advertise in our emails which are sent to opted-in subscribers according to their chosen categories. All advertising will display correctly on tablets and mobiles as this site is responsive.