Short answer
Eagle Materials Inc (EXP) filed its Q3 2019 10-Q quarterly report on Oct 31, 2019 for the quarter ended Sep 30, 2019.
Eagle Materials Inc Q3 2019 10-Q analysis
AI summary of MD&A and risk factor updates
Management Discussion & Analysis
- Quarterly revenue $414.5M, up 9% YoY from $381.5M
- Gross margin 25% vs 26% YoY; net earnings $71.8M vs $72.6M
- Best segment Cement revenue $227.0M, up 18%; operating earnings $66.5M, up 16%
- Worst segment Oil and Gas Proppants revenue $14.0M, down 41%; operating loss $5.5M
- Operating cash flow $184.7M; share repurchases $313.9M and acquisition spending $30.9M year-to-date
- Outlook positive, with 2% cement-consumption growth expected; frac sand weakness and pricing pressure remain headwinds
Risk Factors
- Newly added separation risk: May 30, 2019 spin-off announcement created completion uncertainty, with expected completion in first half of 2020
- Regulatory risk: 10 operating states contain areas designated nonattainment under 2015 ozone NAAQS, potentially requiring significant compliance capital
- Near-term market risk: Excess U.S. gypsum wallboard capacity could pressure commodity product prices
- Financial risk: Debt covenant breach could accelerate all outstanding borrowings and terminate further credit commitments
- Operational risk: Weather or unexpected equipment failures during peak April-November construction periods could disproportionately reduce annual earnings and cash flow
Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K
Other Eagle Materials Inc quarterly reports
Ask about this quarter
Compare quarters, check guidance or see what insiders and funds did around the report.