Short answer
Eagle Materials Inc (EXP) filed its fiscal 2017 10-K annual report with the SEC on May 24, 2017. It reported revenue of $1.2B and net income of $198M.
- Top risk flagged: EPA Clean Air Act consent decree: NCC penalty $0.6 million plus approximately $3.0 million emissions-control investment
FY2017 key financial metrics · XBRL
- Revenue
- $1.2B
- Net income
- $198M
- Operating margin
- 29.4%
- Gross margin
- 25.8%
- EPS (diluted)
- $4.10
- ROE
- 16.5%
- Operating cash flow
- $332M
Source: XBRL data from the Eagle Materials Inc (EXP) FY2017 10-K on SEC EDGAR. USD.
Eagle Materials Inc FY2017 10-K analysis
AI summary of each section, grounded in the filing text
Business Overview
- U.S. supplier of commodity construction, building and oil-and-gas materials, targeting lowest-cost production through operational improvement
- Fairborn Acquisition added an Ohio cement plant and Columbus terminal for approximately $400.5 million
- Planned Bernalillo, New Mexico wallboard plant restart during fiscal 2018, expanding available capacity after idling since 2009
- Cement clinker capacity reached 5.2 million tons, approximately 5% of total U.S. capacity
- Cement sales volumes increased 2% and wallboard production rose to 2,539 MMSF from 2,406 MMSF
Management Discussion & Analysis
- Revenue $1,211.2M, up 6% YoY from $1,143.5M, driven by higher prices and volumes
- Net earnings $198.2M, up 30%; gross profit $312.0M, up 35%
- Best segment: Cement operating earnings $153.5M, up 11%; worst: Oil and Gas Proppants revenue $34.6M, down 40%
- Operating cash flow $331.6M; Fairborn acquisition $400.5M, capex $56.9M, buybacks $60.0M, dividends $19.3M
- Outlook: fiscal 2018 cement, concrete and aggregates volumes and operating income expected higher; proppant buildout costs approximately $70.0M, cyclical demand risk remaining
Risk Factors
- EPA Clean Air Act consent decree: NCC penalty $0.6 million plus approximately $3.0 million emissions-control investment
- Oil and gas exposure: frac-sand demand tied to volatile oil and natural-gas prices, drilling activity, and OPEC initiatives
- Supply vulnerability: third-party synthetic gypsum and slag suppliers may reduce production or terminate contracts
- Market disruption: ceramic proppants or alternatives replacing hydraulic fracturing could materially reduce frac-sand demand
- Financial risk: total debt $686.5 million, with restrictive covenants and potential accelerated repayment upon default
Generated from the filing text; verify against the original. How to read a 10-K
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