EarningsQ4 2026 Earnings Report
MX:EXP Q4 2026 EPS Results
Actual EPS$35.73
Consensus EPS$27.33
Beat/MissBeat by +$8.40
One Year Ago EPS$35.66
MX:EXP Q4 2026 Revenue Results
Actual Revenue$8.21B
Expected Revenue$7.75B
Beat/MissBeat by +$464.94M
YoY Revenue Growth+1.90%
Earnings Announcement Details
QuarterQ4 2026
Date05/19/2026
TimeBefore Open
Conference CallTuesday, May 19, 2026
MX:EXP Upcoming Earnings
Eagle Materials's next earnings date is estimated for October 22, 2026, based on past reporting schedules.
Q4 2026 Earnings Call Audio
MX:EXP Q4 2026 Earnings Call
0:00 / 0:00
Q4 2026 Earnings Slide Deck
Q4 2026 Earnings Call Summary
Earnings Call Sentiment|Positive
The call conveyed a generally positive tone: the company delivered record revenue, strong operating cash flow (+12%), significant heavy materials volume gains (cement +8%, aggregates +70% including acquisitions; organic aggregates +24%), and maintained a strong liquidity and leverage profile (net debt/EBITDA 1.9x). Management emphasized disciplined capital allocation and progress on strategic plant modernizations (Mountain Cement ~60% and Duke Wallboard ~30% complete) that are expected to lower costs and expand capacity. Offsetting these positives were notable weaknesses in the Wallboard/light materials business (revenue -9%, operating earnings -15%, Wallboard prices -4%), modest declines in cement pricing (~1%), and near-term margin pressure from higher freight/diesel and elevated near-term capex. On balance, the positive operational momentum, cash generation, balance sheet actions and strategic investments slightly outweigh the near-term demand and cost headwinds.Company Guidance
Record Annual and Quarterly Revenue
Fiscal 2026 revenue reached a record $2.3 billion, up 2% year-over-year; fourth quarter revenue was a record $479 million, also up 2%.
Strong Earnings Per Share and Cash Returns
Annual GAAP earnings per share of $13.16 and total cash returned to shareholders of $414 million during fiscal 2026 (quarterly dividends plus share repurchases). The company repurchased ~1.7 million shares for $382 million and reduced fully diluted shares by about 5%.
Heavy Materials Growth — Cement and Aggregates
Cement sales volume increased 8% year-over-year; Concrete & Aggregates revenue rose 19%. Aggregate sales volume reached a record 6.6 million tons (up 70% YoY), with organic aggregate sales volume up 24% (acquisition contributions noted).
Improved Operating Cash Flow and Strong Liquidity
Operating cash flow increased 12% to $614 million. Company ended the quarter with $298 million cash on hand, approximately $1.0 billion of total committed liquidity, and no significant near-term debt maturities.
Balance Sheet and Financing Strength
Issued $750 million of 10-year senior notes at a 5% coupon, used proceeds in part to repay bank borrowings. Net debt-to-capital ratio of 50% and net debt-to-EBITDA leverage of 1.9x, levels management deems prudent.
Strategic Capital Projects Progressing
Modernization of Mountain Cement ~60% complete with commissioning expected late calendar 2026; Duke, Oklahoma Wallboard construction ~30% complete with commissioning expected second half of calendar 2027. Projects intended to lower costs, improve reliability and expand capacity.
Safety and Operational Excellence
Over the past 5 years Eagle's combined businesses maintained a total recordable incident rate below industry average and increased near-miss hazard observations by 24% in fiscal 2026, a leading indicator to prevent incidents.
Paper Mill & Plant Efficiency
Paper mill (recycled paperboard) had a record year and is running at high efficiencies; management describes the mill's profitability as sustainable (noting ~60% of sales under long-term supply agreements with inflators/deflators).
Capital Allocation Discipline and Long-Term Runway
Management reiterated through‑the‑cycle investment discipline: peak FY27 capital spending guided to $490–$525 million to complete strategic projects, with expected sustaining capital run‑rate around $150 million per year after project completion; targeting double‑digit returns on major investments.
MX:EXP Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed