Eagle Materials (EXP) Misses Q3 EPS by 14c, Miss on Revenues

Eagle Materials (NYSE: EXP) reported Q3 EPS of $1.25, $0.14 worse than the analyst estimate of $1.39. Revenue for the quarter came in at $359.4 million versus the consensus estimate of $367.09 million.

Company Third Quarter Results

• Record Revenues of $359.4 million, up 19%
• Record Net Earnings per diluted share of $2.08, up 78%
  • Eagle’s third quarter financial results include a tax benefit of approximately $61 million, or $1.25 per share, primarily due to the remeasurement of our deferred tax liabilities to lower statutory rates as a result of the Tax Cuts and Jobs Act enacted on December 22, 2017
  • Eagle’s third quarter financial results also include a $39 million pre-tax charge related to the settlement of its class action wallboard antitrust litigation

For earnings history and earnings-related data on Eagle Materials (EXP) click here.

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