US: Eagle Materials reported revenues of US$635m in the first quarter of the 2026 Fiscal Year (FY2026), up by 4% year-on-year. The group’s adjusted earnings before interest, taxation, depreciation and amortisation (EBITDA), however, fell by 4%, to US$215m. Its net earnings fell by 8%, to US$123m.
In its gypsum business, the company noted ‘steady’ single-family residential construction demand amid a ‘less clear’ interest rate environment. Revenues rose by 1%, to US$251m, and net earnings remained level year-on-year, at US$102m. Gypsum wallboard sales volumes rose by 4%, to 72.8Mm2, while prices dropped by 3%, to US$2.50/m2. During the quarter, Eagle Materials commenced the purchase of equipment for its upcoming Duke, Oklahoma, gypsum wallboard plant upgrade and expansion.
Michael Haack, president and CEO, said "Eagle had a solid start to FY2026. Against the current backdrop of ongoing macroeconomic and policy uncertainty as well as adverse weather conditions across many of our markets, our portfolio of businesses continued to perform well, and our end markets remained resilient.”
