EPS was in line with consensus, so the stock reaction will hinge on the margin compression narrative and whether the Mountain Cement disruption persists. Watch for insurance recovery updates and cost trends in the next quarterly call; the net leverage uptick to 2.1x bears monitoring but remains manageable.
Price Chart
Executive Summary
Eagle Materials reported Q1 fiscal 2027 revenue of $651.0M (+3% YoY, a record) but net earnings fell 17% to $102.1M, and diluted EPS of $3.29 was essentially in line with the $3.26 consensus. The revenue growth was driven by 8% higher cement volume, offset by a ~$6M earnings hit from an unexpected equipment failure at its Mountain Cement plant and higher diesel freight costs across businesses. Adjusted EBITDA declined 11% to $190.5M, and net leverage rose to 2.1x from 1.9x.
Key Financial Metrics
Key Facts
- Record quarterly revenue of $650.97M, up 3% YoY from $634.69M
- Net earnings of $102.1M, down 17% from $123.4M; diluted EPS $3.29 vs $3.26 consensus (in-line)
- Adjusted EBITDA of $190.5M, down 11% from $215.0M
- Cement sales volume +8% to record 2.1M tons; wallboard volume -2% to 772 MMSF
- Repurchased 406,500 shares for ~$84M during the quarter
- Net leverage increased to 2.1x (net debt $1.54B / TTM adj. EBITDA $750M)
- Equipment failure at Mountain Cement caused ~$6M earnings impact; insurance recovery expected
Financial Impact
Revenue up 3% YoY but net income declined 17% due to cost inflation (higher diesel, raw materials, maintenance) and a $6M equipment failure at the Mountain Cement plant.
Risk Factors
- Continued cost inflation in diesel, raw materials, and maintenance
- Mountain Cement modernization delays or additional operational disruptions
- Residential construction softness weighing on wallboard demand and pricing
- Net leverage rising from 1.9x to 2.1x reduces financial flexibility
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001193125-26-322090 |
| Document: d127735d8k.htm | 0001193125-26-322090 |
| Document: 0001193125-26-322090-index-headers.html | 0001193125-26-322090 |
| Document: 0001193125-26-322090-index.html | 0001193125-26-322090 |
| Document: 0001193125-26-322090.txt | 0001193125-26-322090 |
| 8-K Data (Synthetic) | 0001193125-26-322090 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Jul 29, 2026 9w ago | 8-K | $209.91 $200.08 | ▼ −4.68% | ▼ −9.70% | $171.36 (−18.37%) |
Jun 25, 2026 14w ago | Institutional Cluster | $235.44 $207.11 | ▼ −12.03% | ▼ −12.56% | $171.36 (−27.22%) |
Jun 15, 2026 15w ago | DEFA14A | $219.90 $204.99 | ▼ −6.78% | ▼ −6.98% | $171.36 (−22.07%) |
May 21, 2026 19w ago | 8-K | $199.43 $221.50 | ▲ +11.06% | ▲ +12.48% | $171.36 (−14.08%) |
May 19, 2026 19w ago | 8-K | $199.88 $213.24 | ▲ +6.68% | ▲ +5.70% | $171.36 (−14.27%) |
US Market Status
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