10-Q quarterly report · filed Jan 31, 2018

Eagle Materials Inc (EXP) Q4 2017 10-Q Quarterly Report

Short answer

Eagle Materials Inc (EXP) filed its Q4 2017 10-Q quarterly report on Jan 31, 2018 for the quarter ended Dec 31, 2017.

Eagle Materials Inc Q4 2017 10-Q analysis

AI summary of MD&A and risk factor updates

Management Discussion & Analysis

  • Quarterly revenue $359.4M, up 19% from $302.4M, with Fairborn and Wildcat adding $26.1M
  • Gross margin 26% vs 29% YoY, while net earnings reached $101.4M vs $56.4M
  • Best segment: Oil and Gas Proppants revenue $21.9M, up 208%; worst: Concrete and Aggregates revenue $38.7M, down 5%
  • Operating cash flow $275.1M vs $288.9M; capital expenditures $83.7M and acquisition spending $36.8M
  • Outlook: improving construction and frac sand demand, with approximately $70.0M Utica buildout and recycled fiber cost headwinds

Risk Factors

  • No material changes identified, with risks carried forward from the 10-K
  • Regulatory: CISWI Rule compliance expected in early 2018, potentially requiring significant capital expenditures
  • Market: Excess U.S. gypsum wallboard capacity could pressure product prices
  • Operational: Peak-period weather or equipment failures could disproportionately reduce annual operating income and cash flow
  • Financial: Debt covenants could trigger accelerated repayment if required ratios or tests are breached

Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K

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