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Eagle Materials Inc. (NYSE:EXP ) Q4 2024 Earnings Call Transcript May 21, 2024 8:30 AM ET Company Participants Michael Haack - President and CEO Craig Kesler - CFO Conference Call Participants Trey Grooms - Stephens Stanley Elliott - Stifel Brent Thielman - D.A. Davidson Anthony Pettinari - Citi Jerry Revich - Goldman Sachs Adam Thalhimer - Thompson Davis Phil Ng - Jefferies Operator Good day, everyone, and welcome to Eagle Materials Fourth Quarter and Fiscal 2024 Earnings Conference Call.
Eagle Materials' (EXP) fourth-quarter fiscal 2024 results showcase increased sales volume and gross sales prices. This is partially offset by adverse weather and increased maintenance costs.
Shares of Eagle Materials Inc. NYSE: EXP are trading lower by more than 7% on Tuesday's morning trading session; the reaction resulted from the company's first quarter 2024 release, which left some investors scratching their heads, to say the least. It's not often that markets get this disconnected from the fundamentals of a business, and this selloff could be more profit-taking rather than bailing out of the stock.
Shares of Eagle Materials Inc. NYSE: EXP are trading lower by more than 7% on Tuesday's morning trading session; the reaction resulted from the company's first quarter 2024 release, which left some investors scratching their heads, to say the least. It's not often that markets get this disconnected from the fundamentals of a business, and this selloff could be more profit-taking rather than bailing out of the stock.
The headline numbers for Eagle Materials (EXP) give insight into how the company performed in the quarter ended March 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Eagle Materials (EXP) came out with quarterly earnings of $2.24 per share, missing the Zacks Consensus Estimate of $2.72 per share. This compares to earnings of $2.79 per share a year ago.
Eagle Materials (EXP) is set to modernize and expand the Laramie plant, boosting capacity and cutting costs by 25%.
Beyond analysts' top -and-bottom-line estimates for Eagle Materials (EXP), evaluate projections for some of its key metrics to gain a better insight into how the business might have performed for the quarter ended March 2024.