US: Eagle Materials has reported financial results for the second quarter of fiscal 2014, which ended 30 September 2013. Total revenues were up by 53% to US$252.6m. Earnings before interest and income taxes (EBIT) were US$63.5m, an increase of 114% compared to the same quarter of the prior fiscal year.
Sales volumes were improved across all lines, with cement sales volumes of 1.4Mt providing earnings of US$32.4m, an 86% increase from the same quarter of fiscal 2013. The earnings increase resulted from increased sales volumes and average net cement sales prices, which were 3% higher than the second quarter in fiscal 2013.