$EXP (Eagle Materials Inc.)

$EXP {{ '2016-07-25T15:09:07+0000' | timeago}} • Webcast

$EXP said its operating earnings in its wallboard & paperboard businesses rose 8% to $50.6MM for 1Q17. Republic Paperboard continued to perform well and set a quarterly record for operating earnings, said the company. Operating cash flow rose 162% to $54.1MM and CapEx of $9MM was down significantly YoverY, reflecting sustaining capital levels.

$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.

$EXP {{ '2016-07-25T15:13:14+0000' | timeago}} • Webcast

Trey Grooms of Stephens Inc. asks about wallboard, if the company is expecting or seeing any changes on the horizon. $EXP said that in terms of cost the company is expecting no changes.

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