Eagle’s Heavy Materials Revenue Up 9%

Eagle Materials Inc. reported financial results for the third quarter of fiscal 2022 ended Dec. 31, 2021. The company is reporting: Revenue of $463 million, up 14%. Record diluted EPS from continuing operations of $2.53, up 30%. Repurchased 1.2 million shares of Eagle’s common stock for $188 million. Revenue in the Heavy Materials sector, which includes Cement, Concrete and Aggregates,…

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Fly Like an Eagle

May 31, 2019 – Just in time for the weekend, Eagle Materials announced that its long-rumored strategic re-evaluation was over. The envelope, please. The company’s board of directors has approved a plan to separate its Heavy Materials and Light Materials businesses into two independent, publicly traded corporations by means of a tax-free spin-off to Eagle shareholders. The separation is expected to…

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