Overview

* Eagle Materials ( EXP ) fiscal Q1 revenue rises 4% to $634.7 mln, beating expectations

* Net earnings for fiscal Q1 fall 8% to $123.4 mln

* Co repurchased 358,000 shares for $79 mln

Outlook

* Eagle Materials ( EXP ) expects to benefit from U.S. infrastructure renovation needs

* Company anticipates housing market recovery will improve its positioning

* Eagle Materials ( EXP ) investing in plant modernization for long-term growth

Result Drivers

* MACROECONOMIC UNCERTAINTY - Co cites ongoing macroeconomic and policy uncertainty impacting results

* ADVERSE WEATHER - Adverse weather conditions across markets affected performance

* FACILITY INVESTMENTS - Investments in modernizing Mountain Cement and Duke Gypsum Wallboard plants aim to strengthen competitive position

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q1 Beat $634.70 $609.70

Revenue mln mln (10

Analysts

)

Q1 EPS $3.76

Q1 Net $123.40

Earnings mln

Q1 $215 mln

Adjusted

EBITDA

Analyst Coverage

* The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 2 "strong buy" or "buy", 8 "hold" and 1 "sell" or "strong sell"

* The average consensus recommendation for the construction materials peer group is "buy."

* Wall Street's median 12-month price target for Eagle Materials Inc ( EXP ) is $243.00, about 9.1% above its July 28 closing price of $220.92

* The stock recently traded at 15 times the next 12-month earnings vs. a P/E of 14 three months ago

Press Release:

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)