EXHIBIT 99.1

 

 

 

 

 

 

      Contact at 214-432-2000

Michael R. Haack

President and CEO

D. Craig Kesler

Executive Vice President & CFO

Robert S. Stewart

Executive Vice President

 

 

 

 

News For Immediate Release

 

EAGLE MATERIALS REPORTS FOURTH QUARTER AND

FISCAL YEAR 2020 RESULTS

 

DALLAS, TX (May 19, 2020) Eagle Materials Inc. (NYSE: EXP) today reported financial results for fiscal year 2020 and the fiscal fourth quarter ended March 31, 2020.  Notable items for the fiscal year and quarter are highlighted below.  (Unless otherwise noted, all comparisons are with the prior fiscal year or prior year’s fiscal fourth quarter, as applicable.)

 

 

Full Year Fiscal 2020 Results

 

Record revenue of $1.5 billion, up 4%

 

Net earnings per diluted share of $1.68, up 14%

 

o

Net earnings benefitted by $31.7 million from the carryback of net operating losses to prior years, as allowed under the CARES Act

 

Adjusted net earnings per diluted share of $5.57, up 10%

 

o

Adjusted net earnings per diluted share is a non-GAAP financial measure calculated by excluding non-routine items in the manner described in Attachment 6

 

Net earnings of $70.9 million, up 3%

 

Adjusted EBITDA of $471.5 million, up 1%

 

o

Adjusted EBITDA is a non-GAAP financial measure calculated by excluding non-routine items and non-cash expenses in the manner described in Attachment 6

 

 

Fourth Quarter Fiscal 2020 Results

 

Record revenue of $315.4 million, up 11%

 

Net earnings per diluted share of $1.74, up from a loss of $2.82 in the prior year

 

o

Net earnings benefitted by $31.7 million from the carryback of net operating losses to prior years, as allowed under the CARES Act

 

Adjusted net earnings per diluted share of $1.28, up 45%

 

o

Adjusted net earnings per diluted share is a non-GAAP financial measure calculated by excluding non-routine items in the manner described in Attachment 6

 

Net earnings of $72.4 million, up from a loss of $127.8 million in the prior year

 

Adjusted EBITDA of $103.4 million, up 14%

 

o

Adjusted EBITDA is a non-GAAP financial measure calculated by excluding non-routine items and non-cash expenses in the manner described in Attachment 6

 

 


The following information was filed by Eagle Materials Inc (EXP) on Tuesday, May 19, 2020 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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