$EXP (Eagle Materials Inc.)

$EXP {{ '2016-07-25T14:59:07+0000' | timeago}} • Webcast

Building materials company $EXP said all of its construction businesses performed well during 1Q17. The company added that it continues to see improving trends for its cement, concrete, wallboard and paper businesses. And on the volume and pricing front, $EXP said the mid-term outlook remains good.

$EXP {{ '2017-08-07T20:30:36+0000' | timeago}} • Announcement

$EXP declared a quarterly cash dividend of $0.10 per common share, payable on November 7, 2017, to stockholders of record on October 6, 2017.

$EXP {{ '2017-05-22T20:24:38+0000' | timeago}} • Announcement

$EXP's BoD declared a quarterly cash dividend of $0.10 per share of its Common Stock. The dividend is payable on July 21, 2017, to stockholders of record at the close of business on June 21, 2017.

$EXP {{ '2017-05-18T18:26:26+0000' | timeago}} • Webcast

$EXP said it is not affected by the increase in synthetic gypsum costs, as it has its own plant. In terms of natural gas, $EXP is buying it at extremely low numbers due to certain hedging programs last year. The company, meanwhile, said it expects 2-3% increase in outbound freight.

$EXP {{ '2017-05-18T10:58:59+0000' | timeago}} • Announcement

$EXP reported a drop in 4Q17 earnings due to costs associated with completion of acquisition of the Fairborn Business as well as higher income tax expenses. Net income fell to $36.25MM or $0.75 per share from $39.16MM or $0.80 per share last year. Revenue grew to $278.66MM from $252.13MM.

$EXP {{ '2016-11-16T14:15:41+0000' | timeago}} • Announcement

$EXP declared a quarterly cash dividend of $0.10 per share, payable on January 20, 2017, to stockholders of record of its Common Stock at the close of business on December 23, 2016.

$EXP {{ '2016-10-24T13:18:30+0000' | timeago}} • Webcast

Commenting on housing starts, $EXP said it sees strong trends in the single family housing starts with a growth of over 8%. The company is expecting to have a little advantage going forward even though the numbers were down a little bit.

$EXP {{ '2016-10-24T13:18:10+0000' | timeago}} • Webcast

$EXP said operating earnings from its Cement, Concrete and Aggregates business improved 6% to $55.5MM, helped by pricing improvement and good cost control. Operating earnings from Wallboard and Paperboard business increased 8% to $51.9MM, helped by lower energy and maintenance costs.

$EXP {{ '2016-10-24T12:50:21+0000' | timeago}} • Announcement

$EXP's Gypsum Wallboard and Paperboard revenues for 2Q17 rose by 6% to $151.9MM from last year. The average Gypsum Wallboard net sales price declined by 2% and average Paperboard net sales price slid by 1%. Gypsum Wallboard sales volume rose by 5% and Paperboard sales volumes increased by 15%.

$EXP {{ '2016-10-24T12:46:24+0000' | timeago}} • Announcement

$EXP's Cement revenues for 2Q17 rose by 1% to $166.8MM from last year. The average net sales price rose by 3%, wholly-owned average net sales prices improved 5%, while total Cement sales volumes declined by 3%. Revenues in Concrete and Aggregates increased by 7%.

$EXP {{ '2016-10-24T12:43:40+0000' | timeago}} • Announcement

Gypsum wallboard and cement maker $EXP reported a rise in 2Q17 earnings driven by higher performance in its construction products and building materials businesses as well as lower costs and expenses. Net income grew to $60.24MM or $1.25 per share from $29.82MM or $0.59 per share last year. Revenues rose to $332.66MM from $329MM.

$EXP {{ '2016-09-27T21:49:30+0000' | timeago}} • Announcement

Cement manufacturer $EXP appointed George Damiris to its Board of Directors. Damiris serves as CEO & President, and also director of $HFC.

$CX {{ '2016-09-13T11:30:34+0000' | timeago}} • Announcement

$CX's unit in the U.S. has agreed for sale of its Fairborn, Ohio cement plant and cement terminal in Columbus, Ohio to $EXP for about $400MM. 2016 EBITDA for the divested assets is expected to be $33MM. The proceeds obtained from this transaction will be used mainly for debt reduction and for general corporate purposes. It will close during 4Q16.

$EXP {{ '2016-09-12T13:47:35+0000' | timeago}} • Announcement

$EXP intends to finance the deal through a combination of cash on hand and borrowings under its existing bank credit facility. After the close and financing of the transaction, $EXP is expected to have a net debt to EBITDA ratio of no more than 2.0x. Goldman, Sachs & Co. is acting as exclusive financial advisor to $EXP on this transaction.

$EXP {{ '2016-09-12T13:45:38+0000' | timeago}} • Announcement

$EXP anticipates certain tax benefits arising from the deal, the net present value of which is expected to be approx. $50MM. The transaction is expected to close in 4Q16, or shortly thereafter, following the receipt of required regulatory approvals. 2016 revenue and EBITDA for the acquired assets is estimated to be $79MM and $33MM, respectively.

$EXP {{ '2016-09-12T13:43:45+0000' | timeago}} • Announcement

$EXP agreed to buy CEMEX S.A.B. de C.V.'s Fairborn, Ohio cement plant, as well as related assets for $400MM, subject to customary post-closing adjustments. The assets include a distribution terminal in Columbus, Ohio and a cement bagging operation. The cement plant has the capacity to grind nearly 1MM tons of clinker annually.

$EXP {{ '2016-08-08T21:33:39+0000' | timeago}} • Announcement

The BoD of $EXP declared a quarterly cash dividend of $0.10 per share. The dividend is payable on November 10, 2016, to stockholders of record as of October 7, 2016.

$EXP {{ '2016-07-29T14:43:40+0000' | timeago}} • Announcement

$EXP said it has priced $350MM aggregate principal amount of senior unsecured notes due 2026. The notes will bear interest at 4.500% per year. The Notes will initially be guaranteed by each of $EXP's majority-owned subsidiaries. The offering is expected to close on Aug. 2, 2016.

$EXP {{ '2016-07-25T15:20:54+0000' | timeago}} • Webcast

Adam Thalhimer from BB&T asks about reduced headwind from natural gas prices and if it's making it harder for the company to increase prices. $EXP said it really doesn't make it hard to increase prices. The main barometer to look going forward for the company would be the housing starts.

$EXP {{ '2016-07-25T15:18:52+0000' | timeago}} • Webcast

Adam Thalhimer with BB&T asks about strong volume growth in the wholly owned cement side and if it's even across the country. $EXP said the company is seeing good growth in cement volumes across all of the different markets it competes in. So it's pretty evenly spaced, said the company.

$EXP {{ '2016-07-25T15:16:19+0000' | timeago}} • Webcast

Trey Grooms of Stephens Inc. asks about trends in wallboard and cement and about demand trends through July. $EXP said the volumes on both businesses are exceeding expectations a bit. Taking the months March through June, for the four month period, the company's volume YoverY was up nearly 11%. In June and July, on a per day basis, up 9% YoverY.

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