Eagle Materials Inc · NYSE:EXP

Eagle Materials — Q3 2026 Earnings Presentation

15 slides from Eagle Materials's earnings presentation, Jan 29, 2026

  1. Slide 1: Third Quarter Fiscal 2026 Earnings Release and Conference Call

    January 29, 2026 Third Quarter Fiscal 2026 Earnings Release and Conference Call

  2. Slide 2: Forward-Looking Statements

    Forward-Looking Statements Forward-Looking Statements. This presentation contains forward-looking statements economic conditions or the nature or level of activity in any one or more of the markets or within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the industries in w

  3. Slide 3: Fiscal Year 2026 Third Quarter Highlights: Strong Performance, Despite Mixed Environment

    Fiscal Year 2026 Third Quarter Highlights: Strong Performance, Despite Mixed Environment  Delivered solid financial results — Revenue of $556 million — Gross profit margin of 28.9% — EPS of $3.22  Enhanced reliability, health, and efficiency of operations — Maintained industry-leading safety recor

  4. Slide 4: Cement Outlook Remains Favorable, Wallboard Outlook Mixed

    Cement Outlook Remains Favorable, Wallboard Outlook Mixed Eagle well-positioned for various scenarios  Federal, state ,and local infrastructure spending remains healthy  Significant IIJA funds remaining to be spent, supporting years of public infrastructure spending Cement  Continued growth in ke

  5. Slide 5: Revenue Down Slightly

    Revenue Down Slightly Revenue In millions $558 $556 CHANGE DRIVEN BY:  Lower Wallboard and Paperboard sales volume and prices  Partially offset by higher cement sales volume and contribution from the acquired aggregates business 2025 2026 FISCAL Q3 5

  6. Slide 6: EPS of $3.22

    EPS of $3.22 Diluted EPS $3.56 $3.22 THIRD QUARTER REFLECTS:  Lower net earnings  Reduced share count due to share buybacks 2025 2026 FISCAL Q3 6

  7. Slide 7: Heavy Materials Third Quarter Results Driven By Increased Cement and Aggregates Sales Volume

    Heavy Materials Third Quarter Results Driven By Increased Cement and Aggregates Sales Volume Revenue1 Operating Earnings In millions In millions THIRD QUARTER HIGHLIGHTS  Cement sales volume +9% $390  Net Cement sales prices $352 $93 down 1% $85  Concrete and Aggregates revenue +22%  Record Aggr

  8. Slide 8: Light Materials Third Quarter Results Reflect Lower Wallboard Sales Volume and Prices

    Light Materials Third Quarter Results Reflect Lower Wallboard Sales Volume and Prices Revenue Operating Earnings In millions In millions THIRD QUARTER HIGHLIGHTS $242  Wallboard sales volume $97 $203 down 14%  Recycled Paperboard $73 sales volume down 10%  Wallboard net sales prices down 5% FY202

  9. Slide 9: Continued Healthy Cash Flow Generation

    Continued Healthy Cash Flow Generation $512 million of cash flow from operations Nine months ended December 31 In millions 2024 2025 Operating Cash Flow1 $486 $512 +5% Capex, net (147) (295) Free Cash Flow 339 217 Acquisition Spending (25) - Dividends Paid (25) (24) Share Repurchases (201) (310) Cha

  10. Slide 10: Capital Structure Provides Significant Financial Strength

    Capital Structure Provides Significant Financial Strength Net Debt-to-Cap Net Debt to Adjusted EBITDA1 48% 46% 1.8x 1.5x 3.31.25 12.31.25 3.31.25 12.31.25 1 Net Debt to Adjusted EBITDA is defined as Net Debt divided by Adjusted EBITDA. Net Debt to Adjusted EBITDA and Adjusted EBITDA are non-GAAP fin

  11. Slide 11: Question & Answer

    E Eagle Materials Question & Answer

  12. Slide 12: Thank you for participating in today's conference call web cast

    Thank you for participating in today’s conference call web cast. An archive of this web cast will be available at eaglematerials.com later today.

  13. Slide 13: Appendix

    E Eagle Materials Appendix

  14. Slide 14: Reconciliation of EBITDA and Adjusted EBITDA

    Reconciliation of EBITDA and Adjusted EBITDA We present Earnings Before Interest, Taxes, Fiscal Year ended TTM Depreciation and Amortization (EBITDA) and March 31, 2025 December 31, 2025 Adjusted EBITDA to provide additional measures of operating performance and allow for more consistent comparison

  15. Slide 15: Reconciliation of Net Debt to Adjusted EBITDA

    Reconciliation of Net Debt to Adjusted EBITDA GAAP does not define “Net Debt” and it should As of As of not be considered as an alternative to debt as March 31, 2025 December 31, 2025 defined by GAAP. We define Net Debt as total debt minus cash and cash equivalents to indicate the amount of total de

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