Eagle Materials: Initiation Of Coverage – A Robust Wallboard Volume Performance and Future Prospects!

This is our first report on Eagle Materials, a U.S.-based producer and distributor of building materials. The company reported record revenues in its third quarter for the fiscal year 2024, marking its robust financial performance and continuing to maintain and widen its low-cost producer strategy. With revenues reaching $559 million, up 9%, and adjustable earnings per share (EPS) rising 16% to $3.72, Eagle Materials marked another successful quarter. These results were made possible through the hard work of its over 2,600 employees and the company’s commitment to safety and customer satisfaction.