Quarterly Earnings Rise 69% at Eagle
Materials
07/25/2006
Eagle Materials Inc. (ticker: EXP) announced
that first-quarter profit increased 69.3%. Earnings per share
rose 81%. The announcement came yesterday after the market
closed. Today the company's stock rose 7.16%.
Eagle produces and distributes gypsum wallboard,
cement, recycled paperboard and concrete and aggregates.
Highlights from the quarter:
- Highest quarterly operating earnings
in our history
- Record high quarterly sales volume in
wallboard - 735 million square feet
- Highest quarterly wallboard average
net sales price in our history -- increased $49 per MSF
from last year's first quarter
- Record high quarterly sales volume in
cement -- 910 thousand tons
- Highest quarterly Cement average net
sales price in our history -- increased $12 per ton from
last year's first quarter
Eagle Materials is part of our Primary
Stock Portfolio.
|
