Q1 2025 Eagle Materials Inc Earnings Call Transcript
Key Points
- Record revenue of $609 million and a 16% increase in earnings per share.
- Strong operational performance despite challenging weather conditions.
- Consistent focus on safety, efficiency, and sustainability.
- Progress on several organic investments, including the Texas Lehigh slag grinding facility and Mountain Cement facility upgrade.
- Healthy balance sheet with leverage at or below 1.5 times, allowing for flexibility in investments and shareholder returns.
- Lower cement sales volume due to weather delays and fewer shipping days in June.
- Uncertainty in the near-term demand cycle for the wallboard business.
- Increased working capital leading to a 6% decrease in operating cash flow.
- Potential inflation in wallboard costs due to rising OCC prices.
- Challenges in predicting the exact timing and magnitude of future price increases in both cement and wallboard.
Good day, everyone, and welcome to Eagle Materials' first quarter fiscal 2025 earnings conference call. Today's event is being recorded. At this time, I'd like to turn the floor over to Eagle's President and Chief Executive Officer, Mr. Michael Haack. Mr. Haack, please go ahead. Thank you,
Thank you Jamie. Good morning. Welcome to Eagle Materials' conference call for our first quarter of fiscal year 2025. This is Michael Haack. Joining me today are Craig Kesler, Chief Financial Officer and [Alex Haddock] Senior Vice President, Investor Relations Strategy and Corporate Development. There will be a slide presentation made in connection with this call.
To access it, please go to eaglematerials.com and click on the link to the webcast. While you're accessing the slides, please note that the first slide covers our cautionary disclosure regarding forward-looking statements made during this call. These statements are subject to risks and uncertainties that could cause results to
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