Eagle Materials blames slipping heavy materials sales on the weather

Print this page

US: Eagle Materials has blamed falling sales from its Heavy Materials sector, including cement, concrete and aggregates, on ‘unusually’ wet weather. Its revenue from this market fell by 1% year-on-year to US$677m in the year to 31 March 2019 from US$685m in the same period in 2018. Cement sales volumes dropped slightly to 5.34Mt and concrete volumes by 12.5% to 0.8Mm3. Its operating earnings decreased by 10% to US$177m. Overall, the company’s sales and earnings grew slightly boosted by sales from its gypsum division.

Last modified on 22 May 2019

Register for the Global Cement Weekly email newsletter

Global Cement Weekly is Global Cement’s weekly email newsletter. Keep up to date with cement industry news, analysis, diary dates and news of people in the sector.

Register >

URL: https://www.globalcement.com/news/item/9287-eagle-materials-blames-slipping-heavy-materials-sales-on-the-weather

© 2024 Pro Global Media Ltd. All rights reserved.