Eagle Materials Inc (EXP) Q2 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good day, everyone, and welcome to the Eagle Materials second quarter of fiscal 2026 earnings conference call. Today's call is being recorded. At this time, I would like to turn the call over to Eagle's president and chief executive officer, Mr. Michael Haack. Mr. Haack, please go ahead, sir. Thank you, Chris. Good morning. Welcome to Eagle Materials conference call for our second quarter of fiscal year 2026. This is Michael Haack. Joining me today are Craig Kessler, our Chief Financial Officer, and Alex Haddock, Senior Vice President of Investor Relations, Strategy, and Corporate Development. There will be a slide presentation made in connection with this call. To access it, please go to eaglematerials.com and click on the link to the webcast. While you're accessing the slides, please note that the first slide covers our cautionary disclosure regarding forward-looking statements made during this call. These statements are subject to risks and uncertainties that can cause results to differ from those discussed during the call. For further information, please refer to this disclosure, which is also included at the end of our press release. Thanks for joining us on today's call. I'm looking forward to discussing the details of our first half of fiscal 2026. I'll start by saying how proud I am of the EGLE team having achieved financial, operational, and safety performance we did this quarter. even as we felt the headwinds from the residential construction pullback. Financially, we were able to achieve record revenue of $639 million, gross margin of 31.3%, and deliver an EPS of $4.23. Strategically, we made significant progress on our Laramie, Wyoming plant modernization and expansion, and commenced construction of our Duke, Oklahoma wallboard plant upgrade. I'll talk ab...