US: Eagle Materials recorded sales of US$1.83bn in the first nine months of the 2026 financial year (FY2026), up by 2% year-on-year. A 5% year-on-year rise in costs, to US$1.28bn, offset sales growth to precipitate an 8% decline in net earnings, to US$364m. Cement sales rose by 7% to US$938m. The producer sold 6.05Mt of cement, up by 7%. The group reported ‘good progress’ on an on-going upgrade to its Laramie cement plant Wyoming.
Eagle Materials issued US$750m of 10-year senior notes with an interest rate of 5% during the quarter, which extended its total debt maturity schedule and increased committed liquidity. A portion of the proceeds repaid its bank credit facility. It ended 2025 with debt of US$1.8bn, net debt of US$1.4bn and a net leverage ratio of 1.8 times.
President and CEO Michael Haack said "Despite a mixed construction environment, Eagle's portfolio of businesses continued to perform well during the third quarter of FY2026. While the residential construction market was challenged, federal, state, and local spending on public infrastructure projects and private non-residential construction remained elevated, supporting strong demand for our heavy construction products. Our low-cost operations continue to generate strong cashflow that we are investing to advance our operational efficiency and our low-cost position."