Gypsum industry news

Spain: The Uralita Group, which is engaged in the production of gypsum materials including wallboard (as well as insulation panels) has released its annual report, which shows a 94% slump in its net profit to Euro604,000 from Euro10.1m in 2009.

The group's earnings before interest, tax, depreciation and amortisation (EBITDA) to sales ratio was down from 12.8% to 11.5%. The result continues a four-year record of positive earnings for the group but several of its other indicators were down, including total debt to net tangible assets (from 110.9% to 115.0%), total liabilities to total assets (up by 1.7% to 0.6) and net tangible assets per share (down 3% to Euro1.29).

Saudi Arabia: National Gypsum Company has released its financial results for the year to 31 December 2010, which show a significant decline in its performance compared to 2009. The company's net profit was down by 40.7% to USD 14m. Sales were down by 24% from USD 54.1m in 2009 to USD 41.1m in 2010.

US: Eagle Materials, Inc. has reported financial results for the 2011 fiscal year (FY2011) and the fiscal fourth quarter, both ending 31 March 2011. In its release on 5 May 2011, the company said notable items for the fiscal year and quarter included FY2011 revenues of US$462.2m and FY2011 net earnings of US$14.8m. The company's net debt-to-total capitalisation ratio was 38% compared to 40% a year earlier. For the fourth quarter, the company saw revenues of US$95.4m and a net loss of US$10.8m. The fourth quarter results reflect US$10.7m of non-operating expenses.