Eagle Materials reported financial results for fiscal year 2023 and the fiscal fourth quarter ended March 31, 2023. For fiscal year 2023, the company is reporting record revenue of $2.1 billion, up 15% and net earnings of $461.5 million, up 23%. For the fourth quarter, the company is reporting record revenue of $470.1 million, up 14%.
Read MoreTag: Eagle Materials
Eagle Materials Expands Import Business
Eagle Materials completed the acquisition of Martin Marietta’s cement import and distribution business in northern California, which includes a cement terminal in Stockton.
Read MoreQuarterly Reports a Mixed Bag
Publicly traded U.S. cement producers just reported results, and those results are a mixed bag. At Summit Materials, Cement Segment net revenues increased 23.6% to $97.9 million in the fourth quarter of 2022. Cement Segment adjusted cash gross profit margin increased to 47.1% in the fourth quarter, compared to 42.7% in the prior-year period as strong pricing gains more than…
Read MoreDOE Funds Cryogenic Carbon Capture Project at Missouri Plant
The U.S. Department of Energy awarded $5 million in funding to Chart Industries’ Sustainable Energy Solutions to design, build, commission and operate an engineering-scale Cryogenic Carbon Capture (CCC) process at Central Plains Cement Co.’s cement plant in Sugar Creek, Mo.
Read More