Short answer
Eagle Materials Inc (EXP) filed its Q2 2017 10-Q quarterly report on Jul 28, 2017 for the quarter ended Jun 30, 2017.
Eagle Materials Inc Q2 2017 10-Q analysis
AI summary of MD&A and risk factor updates
Management Discussion & Analysis
- Revenue $366.1M, up from $297.5M YoY, driven by Fairborn Acquisition and higher prices and volumes
- Gross margin 24% vs 24% YoY, cement operating margin 24% vs 22%
- Best segment: Cement revenue $182.9M, operating earnings $43.2M, up 37%; worst: Recycled Paperboard margin 11% vs 26%
- Operating cash flow $53.7M vs $54.1M; capital expenditures $16.2M vs $9.0M
- Outlook: higher fiscal 2018 cement, concrete and aggregates volumes and operating income; Utica buildout approximately $70.0M
Risk Factors
- No material changes identified from the most recent 10-K
- Regulatory risk: CISWI Rule compliance expected in early 2018, potentially requiring significant capital expenditures
- Market risk: Significant excess U.S. gypsum wallboard nameplate capacity pressuring product prices
- Operational risk: Unfavorable weather during peak construction periods could disproportionately reduce annual operating income and cash flow
- Financial risk: Debt covenant breach could accelerate all outstanding indebtedness and terminate further credit commitments
Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K
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