Slide 1: Fiscal Year and Fourth Quarter 2026 Earnings Release and Conference Call
MAY 19, 2026 Fiscal Year and Fourth Quarter 2026 Earnings Release and Conference Call
Slide 2: Forward-Looking Statements
Forward-Looking Statements Forward-Looking Statements. This presentation contains forward-looking statements litigation or arbitration proceedings; changes in economic conditions or the nature or level within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the of activity in
Slide 3: Fiscal Year 2026 Financial and Operational Highlights
Fiscal Year 2026 Financial and Operational Highlights Strong financial and operational results in an uncertain environment Delivered solid financial results — Record revenue of $2.3 billion — Gross profit margin of 28.3% — Diluted EPS of $13.16 Maintained industry-leading safety levels, with 24%
Slide 4: Consistent Progress on Strategic Priorities and Long-Term Organic Growth Initiatives
Consistent Progress on Strategic Priorities and Long-Term Organic Growth Initiatives Excellent progress made on plant modernizations — Mountain Cement new kiln line scheduled for commissioning late calendar 2026 — Duke, OK Gypsum plant upgrade scheduled for completion H2 2027 Projects advance st
Slide 5: Long-Term Outlook Remains Favorable
Long-Term Outlook Remains Favorable As a low-cost producer, Eagle is well-positioned for the current environment and long-term growth Federal, state, and local infrastructure spending remains healthy Significant IIJA funds remaining to be spent, supporting years of public infrastructure spending
Slide 6: Record Annual and Q4 Revenue
Record Annual and Q4 Revenue Revenue In millions ANNUAL CHANGE DRIVEN BY: Higher Cement and $2,261 $2,309 Aggregates sales volume Contribution from two acquired aggregates $470 $479 businesses Partially offset by lower Wallboard sales volume and prices 2025 2026 2025 2026 FISCAL YEAR FISCAL Q4
Slide 7: Annual EPS Down 4%
Annual EPS Down 4% Diluted EPS $13.77 $13.16 ANNUAL RESULTS REFLECT: Lower Wallboard and Recycled Paperboard earnings Partially offset by reduced share count due to share $2.00 $1.91 buybacks 2025 2026 2025 2026 FISCAL YEAR FISCAL Q4 7
Slide 8: Heavy Materials Annual Results Driven By Increased Cement and Aggregates Sales Volume
Heavy Materials Annual Results Driven By Increased Cement and Aggregates Sales Volume Revenue1 Operating Earnings In millions In millions FISCAL YEAR HIGHLIGHTS $1,583 $1,439 Cement sales volume +8% Concrete and Aggregates $341 revenue +19% $311 Record Aggregate sales volume +70% FY2025 FY2026
Slide 9: Light Materials Annual Results Driven by Lower Wallboard Sales Volume and Prices
Light Materials Annual Results Driven by Lower Wallboard Sales Volume and Prices Revenue Operating Earnings In millions In millions FISCAL YEAR HIGHLIGHTS $969 Wallboard sales volume $881 down 7% $389 Recycled Paperboard sales volume down 3% $331 Wallboard net sales prices down 4% FY2025 FY202
Slide 10: Continued Strong Cash Flow Generation and Disciplined Capital Allocation
Continued Strong Cash Flow Generation and Disciplined Capital Allocation $614 million of cash flow from operations Fiscal Year ended March 31, In millions 2025 2026 Operating Cash Flow1 $549 $614 +12% Capex, net (195) (417) Free Cash Flow $354 $197 Acquisition Spending (175) - Minority Investment -
Slide 11: Capital Structure Provides Significant Financial Strength
Capital Structure Provides Significant Financial Strength Net Debt-to-Cap Net Debt to Adjusted EBITDA1 50% 46% 1.9x 1.5x 3.31.25 3.31.26 3.31.25 3.31.26 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 finan
Slide 12: Question & Answer
E Eagle Materials Question & Answer
Slide 13: Thank you for participating in today's conference call webcast
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.
Slide 14: Appendix
E Eagle Materials Appendix
Slide 15: Reconciliation of EBITDA and Adjusted EBITDA
Reconciliation of EBITDA and Adjusted EBITDA We present Earnings Before Interest, Taxes, Depreciation and Amortization (EBITDA) and Fiscal Year ended Fiscal Year ended Adjusted EBITDA to provide additional measures of March 31, 2025 March 31, 2026 operating performance and allow for more consistent
Slide 16: Reconciliation of Net Debt to Adjusted EBITDA
Reconciliation of Net Debt to Adjusted EBITDA As of As of GAAP does not define “Net Debt” and it should not be considered as an alternative to March 31, 2025 March 31, 2026 debt as defined by GAAP. We define Net Debt as total debt minus cash and cash equivalents In millions to indicate the amount of