Slide 1: Third Quarter Fiscal 2025 Earnings Release and Conference Call
January 29, 2025 Third Quarter Fiscal 2025 Earnings Release and Conference Call
Slide 2: Forward-Looking Statements
Forward-Looking Statements Forward-Looking Statements. This press release contains forward-looking statements or its customers are engaged; competition; cyber-attacks or data security breaches, within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the together with the cost
Slide 3: Fiscal Year 2025 Third Quarter Highlights
Fiscal Year 2025 Third Quarter Highlights Positive performance in challenging environment Executed on strategic priorities and long-term growth initiatives — Achieved lowest Total Recordable Incident Rate in company history (calendar year) — Continued investments to advance goals of 100% construct
Slide 4: Outlook Remains Favorable, With Solid Demand Fundamentals
Outlook Remains Favorable, With Solid Demand Fundamentals Eagle well-positioned in current operating environment State and Federal infrastructure budgets remain healthy IIJA funds only now beginning to flow, supporting years of public infrastructure spending Cement Continued growth in private
Slide 5: Revenue Down Slightly
Revenue Down Slightly Revenue In millions $559 $558 CHANGE DRIVEN BY: Lower Cement and Concrete sales volume Partially offset by higher wallboard and paperboard sales volume and pricing 2024 2025 FISCAL Q3 5
Slide 6: EPS of $3.56
EPS of $3.56 Diluted EPS $3.72 $3.56 THIRD QUARTER REFLECTS: Lower net earnings on lower Cement sales volume Reduced share count due to share buybacks 2024 2025 FISCAL Q3 6
Slide 7: Heavy Materials Third Quarter Results Driven by Lower Cement Sales Volume
Heavy Materials Third Quarter Results Driven by Lower Cement Sales Volume Revenue1 Operating Earnings In millions In millions $366 $352 $107 THIRD QUARTER CEMENT $85 Net sales prices +4% Sales volume -7% FY2024 FY2025 FY2024 FY2025 THIRD QUARTER THIRD QUARTER 1 Includes Cement, Concrete and Aggr
Slide 8: Higher Wallboard Sales Volume and Prices Drove Light Materials Third Quarter Results
Higher Wallboard Sales Volume and Prices Drove Light Materials Third Quarter Results Revenue Operating Earnings In millions In millions $242 THIRD QUARTER $227 $97 Sales volume: — Wallboard +2% $83 — Paperboard +7% Net sales prices: — Wallboard +4% — Paperboard +12% FY2024 FY2025 FY2024 FY2025 T
Slide 9: Continued Healthy Cash Flow Generation
Continued Healthy Cash Flow Generation $486 million of cash flow from operations Nine months ended December 31 In millions 2023 2024 Operating Cash Flow1 $501 $486 -3% Capex, net (88) (147) Free Cash Flow 413 339 Acquisition Spending (55) (25) Dividends Paid (27) (25) Share Repurchases (249) (201) C
Slide 10: Capital Structure Provides Significant Financial Flexibility
Capital Structure Provides Significant Financial Flexibility Net Debt-to-Cap Net Debt to Adjusted EBITDA1 1.3x 1.2x 45% 40% 3.31.24 12.31.24 3.31.24 12.31.24 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
Slide 11: Question & Answer
E Eagle Materials Question & Answer
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.
Slide 13: Appendix
E Eagle Materials Appendix
Slide 14: Reconciliation of EBITDA and Adjusted EBITDA
Reconciliation of EBITDA and Adjusted EBITDA Fiscal Year ended TTM We present Earnings Before Interest, Taxes, March 31, 2024 December 31, 2024 Depreciation and Amortization (EBITDA) and Adjusted EBITDA to provide additional measures of In millions operating performance and allow for more consistent
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 not As of As of be considered as an alternative to debt as defined by March 31, 2024 December 31, 2024 GAAP. We define Net Debt as total debt minus cash and cash equivalents to indicate the amount of total de