The following is a summary of the Eagle Materials Inc. (EXP) Q4 2024 Earnings Call Transcript:
Financial Performance:
Eagle Materials Inc. reported a record revenue of $2.3 billion for the FY 2024.
A record diluted EPS of $13.61 was achieved by the company for the FY 2024.
Operating cash flows were at $564 million.
Gross margins expanded by 50 basis points to 30.3%.
Capital expenditure for the next year is projected to be between $310 million to $340 million.
Start-up costs associated with the new slag-cement facility amounted to around $700,000 to $800,000 for this quarter.
Business Progress:
Environment stewardship efforts have led to a transition to Portland Limestone Cement and a 23% water consumption cut.
A new slag grinding facility has been launched through a joint venture.
The company returned $343 million to shareholders via share repurchases and dividends in the FY 2024.
Major modernization plans for the Mountain Cement facility are underway, with completion expected by 2026.
An increase in cement prices are planned across multiple markets throughout the year.
The opening of a slag cement facility, expected by late summer, can produce an additional 500,000 tons of product.
The company is well positioned for growth with operational efficiency as a key focus, maintaining over 90% throughput in cement plants.
Despite adverse weather conditions, the company looks forward to volume growth in the second half of 2025.
More details: Eagle Materials IR
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