Eagle Materials: Overview of Fiscal Third Quarter Earnings

Eagle Materials Reports Third-Quarter Financial Results

Eagle Materials Inc., headquartered in Dallas, announced a net income of $102.9 million for its fiscal third quarter.

The company’s earnings translated to $3.22 per share for the quarter.

These earnings fell short of analysts’ expectations, as a consensus of three analysts polled by Zacks Investment Research had anticipated earnings of $3.32 per share.

Despite the earnings miss, Eagle Materials exceeded revenue projections, generating $556 million in sales. This figure surpassed the $554 million revenue forecasted by four analysts surveyed by Zacks.