Eagle Materials reported financial results for the first quarter of its fiscal 2026 ending June 30, detailing that revenue in its heavy materials sector was up while earnings were down.
Revenue in the sector, which includes aggregates, cement, ready-mixed concrete and joint-venture and intersegment cement revenue, increased 5 percent to $421.3 million. Eagle says higher cement sales volumes and the contribution from a recently acquired aggregate business in western Pennsylvania and northern Kentucky primarily contributed to the increase.
Eagle’s quarterly earnings in the heavy materials sector, meanwhile, decreased 5 percent to $87.3 million. Higher cement operating costs were a factor in the result, Eagle says.
Additionally, revenue from aggregates and concrete in the quarter was up 20 percent to $73.7 million. Operating earnings in the two areas also increased – 107 percent to $6.2 million – reflecting increased aggregate sales volumes and higher aggregate and concrete and prices.
Excluding recently acquired aggregate businesses, Eagle says its quarterly aggregate sales volumes were up 29 percent.
“We remain well-positioned for long-term growth,” says Michael Haack, president and CEO of Eagle. “The nation’s aging infrastructure continues to need renovation and expansion, which should benefit us as a U.S. domestic-only manufacturer of construction products and buildings materials.
“Although the housing market faces challenges due to elevated mortgage rates and other affordability issues, we believe we will be well positioned when that end market recovers given our geographic footprint,” he adds.
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