Eagle Materials Reports Q4 Beat, Increases Repurchase Authorization
<p><a href='https://financialmodelingprep.com/financial-summary/EXP'>Eagle Materials (NYSE:EXP)</a> reported its Q4 results, with EPS coming in at $1.90, beating the Street estimate of $1.77. Revenue was $413.1 million, compared to the Street estimate of $400.62 million. The company also increased its repurchase authorization to 10.3 million (25% of outstanding share count). </p>
<p>Despite broader concerns around energy cost inflation and a decelerating/declining housing backdrop, the company continued to deliver strong pricing gains and margin expansion across both its Heavy and Light Materials segments. </p>
<p>Moreover, the company has enacted mid-year price increases across the majority of its business lines to further offset any inflationary pressures (particularly in energy/freight), which should embed some margin resilience in the upcoming fiscal year.</p>
 

NYSE:EXP