US-based Eagle Materials Inc. has released its results for both fiscal 2015 and the fiscal fourth quarter, which ended 31 March 2015.
Fiscal year 2015
- The company?s revenue increased by 19% to reach US$1.1 billion.
- Earnings before interest and income taxes improved by 32% y/y to reach US$264.7 million. This rise was aided by increased sales volumes across most business lines.
- Cement sales volumes reached a record 4.8 million t.
- Cement operating earnings grew 31% to US$117.5 million, an annual record.
- Cement revenues, including joint venture and intersegment sales, were up by 12% to reach US$488.6 million.
- Eagle Materials?concrete and aggregates business achieved a 12% rise in revenue. Operating earning increased from US$0.2 million to US$6.7 million.
- Operating earnings for Gypsum Wallboard and Paperboard reached US$177.4 million, up 28%, with revenue improving by 13%.
- The company?s Oil and Gas Proppants business has reported revenue of US$81.4 million and an operating loss of US$2.5 million.