US: Eagle Materials reported ‘record’ revenues of US$639m for the second quarter of the 2026 financial year, ending on 30 September 2025. Net earnings were US$137m and adjusted earnings before interest, taxation, depreciation and amortisation (EBITDA) were US$233m. Cement revenues, including joint venture and intersegment sales, rose by 9% to US$385m, while operating earnings increased by 3% to US$120m, partially offset by lower cement prices. Cement sales volumes grew by 8% to 2.2Mt.
President and CEO Michael Haack said “Eagle's portfolio of businesses continued to perform well during the quarter, generating record revenues of $639m. Our cement sales volume was up by 8% as demand remained strong, driven primarily by federal, state and local spending on public infrastructure projects and continued elevated spending across private non-residential construction end markets.”
He added “We enter the second half of fiscal 2026 well-positioned to capitalise on near-and-longer-term growth opportunities, including the future recovery of the housing market, given our strong balance sheet and continued investments in upgrading our assets and network. During the second quarter, we continued to make good progress on modernising and expanding our Mountain Cement plant, and the project remains on time and within budget. This investment will lower the plant's cost structure, improve its reliability and expand its production capabilities, which will strengthen our already low-cost competitive position.”
