NYSE: EXP EAGLE MATERIALS INC 8-K

Eagle Materials reports Q1 revenue up 3% to record $651M; earnings down 17% on costs

Filed July 29, 2026 · Period ending July 29, 2026 · ~1 min read

Key Changes

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Q1 FY2027 revenue reached record $651M (+3% YoY) on higher cement volume, but net earnings fell 17% to $102.1M and diluted EPS declined 13% to $3.29 due to elevated operating costs including equipment failure and higher diesel prices.

Exhibit 99.1 view on EDGAR →
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Unexpected equipment failure at Mountain Cement facility resulted in ~$6M earnings impact; company expects partial insurance recovery and met customer demand without interruption using its plant network.

Exhibit 99.1 view on EDGAR →
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Cement revenue rose 9% to $377.9M on record 2.1M ton volume (+8%), but operating earnings fell 9% to $73.6M as higher costs ($17.6M from maintenance, raw materials, downtime) offset lower energy costs ($1.6M).

Exhibit 99.1 view on EDGAR →
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Repurchased 406,500 shares for ~$84M; ended quarter with $1.8B total debt, $1.5B net debt, and 2.1x net leverage ratio.

Exhibit 99.1 view on EDGAR →
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Light Materials revenue declined 5% to $238.2M as Wallboard volume fell 2% to 772 MMSF on soft residential construction; average net Wallboard price down 10% YoY on higher freight costs.

Exhibit 99.1 view on EDGAR →

Summary

Eagle Materials reported mixed first-quarter fiscal 2027 results. Revenue reached a record $651 million, up 3% year-over-year, driven by an 8% increase in cement sales volume to 2.1 million tons. However, net earnings fell 17% to $102.1 million and diluted EPS declined 13% to $3.29, as higher operating costs more than offset the volume gains.

The earnings decline stemmed from approximately $6 million in impact from an unexpected equipment failure at the Mountain Cement facility, elevated diesel prices affecting delivery costs across both Cement and Wallboard businesses, and higher maintenance and raw materials costs totaling roughly $17.6 million in the Cement segment alone.

The company repurchased 406,500 shares for approximately $84 million during the quarter and ended with a 2.1x net leverage ratio, maintaining financial flexibility for capital allocation. The Wallboard business faced headwinds from continued softness in residential construction, with volume down 2% and average net pricing down 10% year-over-year due to higher freight costs. Retail investors should note the cost pressures—particularly freight and maintenance—that compressed margins despite strong cement volume growth, and monitor whether the Mountain Cement equipment issue and elevated diesel prices persist into subsequent quarters.

Section-by-Section Diff

Event · Exhibit 99.1

~4,700 words View exhibit on EDGAR ↗

Eagle Materials reported Q1 FY2027 results: record revenue of $651M (+3%), net earnings of $102.1M (-17%), and repurchased 406,500 shares for ~$84M.

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Added Q1 FY2027 Financial Results high

Added in current filing · view on EDGAR → · paraphrased

Record Revenue of $651.0 million, up 3%

Net Earnings of $102.1 million, down 17%

Net Earnings per diluted share of $3.29, down 13%

Cashflow from Operations of $154 million, up 13%

Adjusted EBITDA of $190.5 million, down 11%

Eagle Materials reported first quarter fiscal 2027 results for the period ended June 30, 2026. Revenue reached a record $651.0 million, up 3% year-over-year, driven by higher cement sales volume. However, net earnings declined 17% to $102.1 million and diluted EPS fell 13% to $3.29, primarily due to higher operating costs including an equipment failure at the Mountain Cement facility and elevated diesel prices affecting delivery costs across Cement and Wallboard businesses. Cash flow from operations improved 13% to $154 million.

Added Mountain Cement Equipment Failure medium

Added in current filing · view on EDGAR →

The growth in our cement sales volume was offset by an approximately $6 million earnings impact resulting from an unexpected equipment failure at our Mountain Cement facility. This equipment failure did not affect the ongoing modernization project. and we expect to recover a portion of this impact through our insurance coverage. Importantly, we utilized our network of cement plants to continue meeting customer demand without interruption.

An unexpected equipment failure at Eagle's Mountain Cement facility resulted in approximately $6 million in earnings impact during the quarter. The company expects to recover a portion of this impact through insurance coverage and was able to continue meeting customer demand without interruption by utilizing its network of cement plants. The failure did not affect the ongoing modernization project at the facility.

Added Cement Segment Performance high

Added in current filing · view on EDGAR →

Cement revenue, including Joint Venture and intersegment revenue, was up 9% to $377.9 million. Operating earnings decreased 9% to $73.6 million, because of higher Cement operating costs partially offset by higher Cement sales volume. Cement operating costs were affected by higher maintenance and raw materials costs and inefficiencies associated with unexpected downtime at our Mountain Cement facility of $7.4 million, $4.2 million, and $6.0 million, respectively, partially offset by lower energy costs of $1.6 million. The average gross Cement sales price was up 1% while the average net Cement sales price decreased 2% as a result of higher freight costs of $3 per ton. Cement sales volume increased 8% to a record 2.1 million tons.

Cement revenue increased 9% to $377.9 million, driven by record sales volume of 2.1 million tons (up 8%). However, operating earnings declined 9% to $73.6 million due to higher operating costs totaling approximately $17.6 million from maintenance, raw materials, and Mountain Cement facility downtime inefficiencies, partially offset by $1.6 million in lower energy costs. Average net cement sales price decreased 2% due to $3 per ton higher freight costs, despite a 1% increase in gross price.

Added Wallboard Segment Performance medium

Added in current filing · view on EDGAR →

Revenue in the Light Materials sector, which includes Gypsum Wallboard and Recycled Paperboard, decreased 5% to $238.2 million, primarily because of lower Gypsum Wallboard sales volume and net prices. Gypsum Wallboard sales volume decreased 2% to 772 million square feet (MMSF) reflecting continued softness in residential construction. The average gross Wallboard price was down 5% from the prior year and flat with the sequential quarter, while the average net sales price declined 10% from the prior year, reflecting higher freight costs. ... Operating earnings in the Light Materials sector were $86.5 million, down 15%, reflecting lower Gypsum Wallboard earnings, partially offset by higher Recycled Paperboard earnings.

Light Materials revenue declined 5% to $238.2 million, driven by lower Gypsum Wallboard volume and pricing. Wallboard sales volume fell 2% to 772 million square feet due to continued softness in residential construction. Average net wallboard sales price declined 10% year-over-year (gross price down 5%) reflecting higher freight costs. Operating earnings for the segment decreased 15% to $86.5 million, with lower Gypsum Wallboard earnings partially offset by higher Recycled Paperboard earnings.

Event · Item 2.02 — Results of Operations and Financial Condition

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Eagle Materials announced Q1 FY2027 earnings results for the quarter ended June 30, 2026.

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Added Q1 FY2027 earnings announcement medium

Added in current filing · verify on EDGAR →

On July 29, 2026, Eagle Materials Inc., a Delaware corporation (“Eagle”), announced its results of operations for the quarter ended June 30, 2026.

Eagle Materials disclosed financial results for its fiscal first quarter ended June 30, 2026. The 8-K references an earnings press release furnished as Exhibit 99.1, but the exhibit itself was not provided in the filing text, so specific financial metrics (revenue, earnings, margins, guidance) cannot be quoted or summarized here.